News

To keep uninsured drivers off the road at a time when premiums are unaffordable to some, California Governor Arnold Schwarzenegger this week signed into law the California Low Cost Automobile Insurance Program (CLCA) for low income, good drivers.

A Modesto motel owner may be in for an extended stay in jail after allegedly committing workers' comp insurance fraud.

Independent agents are tired of losing personal lines market share to direct writers and they will be fighting back in 2011, said the new chairman of the Independent Insurance Agents & Brokers of America (IIABA).

Flagstone Reinsurance Holdings, S.A. said its preliminary estimate of its exposure to last month's 7.1 magnitude earthquake in New Zealand is $52.5 million net of reinstatement premiums and retrocession.

Standard & Poor's has raised its outlook of SCOR SE to "positive" from "stable," citing the "positive momentum in SCOR's financial profile."

President Obama late Thursday signed into law legislation extending the National Flood Insurance Program until Sept. 30--averting what would have been another shutdown of the program.