News

Property and casualty insurance industry sources said they believe a revenue-hungry Congress will finally decide to impose higher taxes on offshore-based insurers.

Four insurers who filled databanks with thousands of inaccurate reports on drivers have agreed to pay a monetary penalty and correct the record, Massachusetts Attorney General Martha Coakley announced.

Auto policyholders' comprehensive coverage deductible amounts are rising at a 160 percent faster rate than collision deductibles, according to a Mitchell International Inc. study.

The Professional Insurance Agents of New York State Inc. said it has put up a Web page explaining the state's controversial producer disclosure regulation due to go into effect next year.

Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.

Property and casualty insurance industry sources said they believe a revenue-hungry Congress will finally decide to impose higher taxes on offshore-based insurers.