News

The Property Casualty Insurers Association of America (PCI) is asking the Treasury Department to "tread carefully" in providing financial aid to life insurers with property-casualty operations.

More than 75 percent of workers' compensation physical impairment ratings are incorrect because doctors "are not held accountable," an expert told an industry conference here.

The National Conference of Insurance Legislators sent a letter last week to Congress insisting that proposals for financial services regulatory reform involve state and federal regulators as equal partners.

It will take at least three-to-five years for American International Group to repay the tens of billions spent by taxpayers to keep the beleaguered company afloat--and that's only if the capital markets cooperate, AIG's head informed Congress last week.

Independent agencies that do an outstanding job for their clients are urged to enter the 2009 National Underwriter "Commercial Insurance Agency Of The Year" award program, with entries due July 13.

California Insurance Commissioner Steve Poizner said yesterday that he has approved a cut in State Farm auto insurance rates averaging 8 percent per policyholder.