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Although their claim forces have been reduced by 16 percent, a majority of insurers still say that hiring qualified claim adjusters is a priority for them, according to a recent study.
Two insurance industry groups said they will hold a conference on April 21 in East Elmhurst, N.Y. to identify the scope of fraud in New York State, and its impact on consumers and potential reforms
Insurance agents and brokers cannot expect help from firming market prices anytime soon and without a new direction to maximize shareholder value they may as well sell their businesses, a consulting executive said.
Consumers in foreign insurance markets surveyed by Accenture are willing to shop for new insurance providers, and are increasingly shopping online for coverage, an activity that mirrors U.S. trends, an Accenture representative said.
Motorcycle thefts, continuing a downward trend, fell by 13 percent last year and the bikes most targeted were made by Honda, the National Insurance Crime Bureau reported
Florida Insurance Commissioner Kevin McCarty's office has issued two separate cease-and-desist orders to companies for selling unauthorized surety insurance.
The Senate has voted to limit debate on a multi-faceted bill including an extension of the National Flood Insurance Program through April 30, while talks continue on giving the program a longer life.
Penn National Insurance announced that Dennis C. Rowe, will retire as chief executive officer on Oct. 1, but continue to hold his position as company chairman.
Besides preventing the risk of spreading flames, automatic sprinkler systems have an environmental benefit, according to research by an insurer and a charity group, which set a few fires to discover this.
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