IF sponsoring policy administration study

A comprehensive study will provide a detailed look at commercial insurance companies‘ policy administration needs, practices and solutions. The study, being conducted by Toronto-based management consulting, advisory and research firm Insurance Technology Group Inc. with the support of Hartford,…

Tags: commercial, commercial insurance, companies, comprehensive, insurance, insurance companies

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Newswires US Airways Group, Inc. Reports First Quarter [...]

KC Scale assesses likely cyclone damage

BOSTON—Catastrophe risk management services provider Karen Clark & Co. has introduced a new tool to assess likely insured damage from tropical cyclones. The KC Wind Damage Scale is designed to give insurance companies and others a measure of the probable wind damage to buildings, contents and…

Tags: buildings, companies, designed, insurance, insurance companies

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Two panels will [...]

Implications of the economic crisis for trucking and insurance

… more freight containers bolted to poorly maintained trailer chassis. There will be a shift in the technical, regulatory and insurance issues involved in trucking accidents that result. Unfortunately, judges who have poor understanding of trucking regulations … On the microeconomics side, families that are devastated when trucking companies operate in an unsafe manner need [...]

Impact of the Wall Street crisis on trucking and insurance

… .” Due to the financial meltdown related to securitization of subprime mortgages, we will likely see increasing insurance premiums for everyone, including truckers. Many truckers who are already struggling will be put out of business by increases … this environment more than ever, families that are devastated when trucking companies operate in [...]

Trucking accidents and insurance - longer term implications of the current credit crisis

… required by law, more small trucking companies failing, more consolidation in the trucking industry, and more insurance companies blaming trial lawyers and claimants for premium increases that really result from their investment losses. As … be an increase in the required minimum amounts of coverage to keep up with inflation and a [...]

MetLife Joins Other Insurers Requesting Rate Increase on Existing Long-Term Care Policies

… the cost of hedging against low interest rates that impact the investment of their reserves?” We agree with Savage that insurance companies could be doing much better with customer service in selling, servicing and particularly in paying claims. Still, Savage is an advocate for the purchase of long term care insurance, especially when [...]

Continued from September 1 ….Safe Driving tips for our Teens to keep a New York Injury Attorney out of you and your childrens rear view mirror

… then need to hire a lawyer just to get their freedom back. 7) Finally, make your child contribute someting to the car insurance.Let them understand that there is cost for it and it will go up if they are not careful. Let them know if there is an … they are going [...]

Allstate Resolves Dispute With Florida Insurance Commissioner

… owes the parent company. In exchange Florida will not pursue the issues that were set for hearing on September 15, 2008. Insurance Commissioner McCarty stated “It’s unfortunate that Allstate’s disregard for Florida’s laws required the office to take such … however, I’m glad that we’ve reached this agreement. We’re looking forward to [...]

AIG Consideration of "Forming Separate Company to Hold Risky Credit Assets" is Not Without Precedent in insurance world

The New York Post reported on September 4th that insurer American International Group (”AIG”) is considering forming a separate company to hold risky credit assets, which have caused it record losses in the past three … the structure of the company, the Post said, citing people familiar with the matter. Such a strategy [...]

Florida Man Arrested for Workers’ Comp Fraud

… Leonardo Gloria. Gloria was allegedly involved in a premium fraud that set up shell construction companies and deceived insurance companies by applying for certificates of insurance on behalf of employees. This plot gave certificates of insurance dozens of subcontractors … payroll money through money transmitters in South Florida. Arrest made over comp [...]