News

The health insurance industry reported a decline of 12.4 percent in net income, to $8.2 billion, as of Sept. 30, compared to the same period in 2008, according to a new analysis by Highline Data.

Global natural catastrophe losses for 2009 are estimated to have cost insurers more than $20 billion, according to assessments from two insurance industry participants.

Lapse of the estate tax has many concerned with inheritance issues, including how it will affect small businesses, which is of special concern to independent agents, noted one major producer association.

Five years after a tsunami devastated Indonesia and the Southeast Asia Region many homeowners in the United States still remain without proper insurance coverage in the event of a natural catastrophe.

Discussion about a new arbitration program designed to resolve inter-insurer disputes over construction defect claims more efficiently was recently held between two major associations.

The American Association of Insurance Services has developed a countrywide filing of a new earthquake rating plan under its homeowners program.

The New York State Insurance Department has directed two insurance companies to reinstate 260 homeowners policies in the state after following up on four homeowner complaints filed with the department.

Dr. Hartwig testified before the Michigan House Insurance to urge policymakers to examine the underlying factors affecting high insurance rates. Chiefly among them, he said, is the state's unlimited threshold for no-fault claims.