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Language contained in insurers' own claims manuals may void policy exclusion provisions insurers have used to deny homeowners' Chinese drywall damage claims, an insurance law expert testified.
State legislators have slammed a National Association of Insurance Commissioners proposal for regulatory reform as a measure permitting federal authorities to take over their insurance lawmaking function.
Great minds think alike. That was Caroline McDonald's reaction after reading Maureen Dowd's column in the New York Times on the Tiger Woods' PR debacle. Check it out at www.NoRiskZone.com .
Primary property and casualty insurers will need to increase rates in 2010 as they will continue to see poor returns on their investments next year, Swiss Re's top economist predicts.
Federal Reserve officials woefully underestimated the potential cost of bailing out American International Group, according to a report issued by the Office of the Special Inspector General for the Troubled Asset Relief Program.
A National Association of Insurance Commissioners working group has drafted recommendations as to how the organization should deal with its reliance on national rating agencies to evaluate insurers' investments.
The Institute for Business & Home Safety (IBHS) said Kevin Kelso, chief marketing officer and executive vice president of the Farmers Group, will become the organization's chairman.
QBE's Americas Division said Steven L. Sheinheit has been appointed chief strategy and technology officer for the Australian insurer's U.S. branch.
Property and casualty insurance market capacity is expected to remain strong and broad coverage should remain available for most industry sectors through this year and into 2010, according to an industry report from Aon.
Consumer advocates face an institutional bias at the National Association of Insurance Commissioners and other regulatory agencies, according to Birny Birnbaum, executive director of the Center for Economic Justice.
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