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By Phil Gusman, PropertyCasualty360.com |
February 2, 2012
The U.S. Supreme Court has decided not to delay the execution of a judgment against Louisiana Citizens Property Insurance Corp. while the last-resort insurer prepares an application for the high court to hear the case.
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By Alan Sayre, Associated Press |
January 24, 2012
Allstate Corp. is asking to raise rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies.
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By Chad Hemenway, PropertyCasualty360.com |
December 20, 2011
Louisiana Insurance Commissioner Jim Donelon says a recent state Supreme Court decision to reinstate a nearly $93 million class-action judgment against the state’s last-resort insurer is a “potentially devastating event.”
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By Staff Writer |
November 4, 2011
Insurance Commissioner Kevin McCarty will assume leadership post in January.
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By Arthur D. Postal, PropertyCasualty360.com |
May 20, 2011
with less than two months to go before NRRA becomes the law of the land, clarity and uniformity in regulation of the non-admitted or surplus lines industry seems as distant as it was before the landmark reform and modernization legislation was enacted by Congress as part of the Dodd-Frank financial-services...
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By Chad Hemenway, PropertyCasualty360.com |
April 29, 2011
Liberty Mutual Group has filed court papers to oppose a proposed $450 million settlement American International Group Inc. made with seven companies to end a pending class-action federal civil lawsuit over alleged underreporting of workers’ compensation premiums.
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By Chad Hemenway, PropertyCasualty360.com |
March 25, 2011
Louisiana Insurance Commissioner Jim Donelon has rejected State Farm’s request for a statewide 14.3 percent homeowners rate hike and approved a reduced rate increase for Louisiana Citizens Insurance Corp., the state’s last resort insurer.
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By Arthur D. Postal, PropertyCasualty360.com |
March 24, 2011
Officials of the National Conference of Insurance Legislators are reiterating their support for comprehensive legislation they drafted as the proper vehicle for implementing the surplus-lines and reinsurance law enacted by Congress last year.
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By Arthur D. Postal, PropertyCasualty360.com |
March 22, 2011
Kentucky, New Mexico and Ohio have become the first states to enact comprehensive legislation implementing the surplus lines and reinsurance reform and modernization law.
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By Mark E. Ruquet, PropertyCasualty360.com |
February 21, 2011
With a deadline looming for states to adopt regulations over the collection and disbursement of surplus lines taxes to comply with provisions of the Nonadmitted and Reinsurance Reform Act, two competing proposals have developed, but inaction might be the best news MGAs and brokers could hear.
