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Ten States Receive NAIC Accreditation Awards

(12/09/2003) Ten state departments of insurance today received an Accreditation Award under the National Association of Insurance Commissioners' (NAIC) Financial Regulation ... full story

Florida Official Warns Consumers to be Wary of Buying Insurance Online

(12/02/2003) Florida's Chief Financial Officer Tom Gallagher is warning consumers to be wary about buying insurance over the Internet. In recent months, the state's Departme... full story

NAIC to Meet in Anaheim, CA December 6-9

(12/02/2003) The National Association of Insurance Commissioners (NAIC) will hold its end-of-year meeting later this week. Following a keynote address by TV and radio person... full story

Weiss: Eight Insurers Command 73 Percent of Homeowners Market in Mid-Atlantic

(11/25/2003) According to a recent analysis by Weiss Ratings, Inc., eight large property and casualty insurers are exposed to 72.2 percent of the homeowners insurance risk..... full story

NCOIL Elects Florida State Sen. Steve Geller President at Annual Meeting

(11/25/2003) The NCOIL membership elected Florida State Sen. Steven Geller to serve as President of NCOIL in 2004, replacing outgoing Vermont State Rep. President Kathleen K... full story

ISO Chief Says Hard Market Coming to a Close

(11/18/2003) The hard market is coming to a close and insurers now must not sow the seeds of their own destruction by abandoning sound underwriting and... full story

St. Paul, Travelers Announce Merger Agreement

(11/18/2003) The St. Paul Companies, Inc. and Travelers Property Casualty Corp. today announced that they have signed a definitive merger agreement that will create the nati... full story

Is Obesity a Disease? Debate Has Insurance Implications

(11/10/2003) A public policy debate has started recently that may ultimately have an affect on insurance. The National Conference of State Legislatures (NCOIL) reports that ... full story

Insured Losses From California Fires Could Top $2 Billion

(11/10/2003) The recent fires in southern California could end up being the costliest in California history. The Insurance Information Institute predicts losses will be abou... full story

Q3 Insured Catastrophe Losses Take a Big Jump

(10/28/2003) Insurers are expected to pay $2.9 billion to homeowners and businesses for insured property losses from seven catastrophic events in the third quarter of this..... full story

Majority Say Reduction in Health Benefits Worse Than No Raise

(10/28/2003) A new Wall Street Journal/Harris poll finds that many more Americans with employer-sponsored health insurance are unhappy with changes to their health insurance... full story

Proposal Filed to Allow Political Contributions via Payroll Deduction

(10/21/2003) The Federal Election Commission (FEC) will publish in the Federal Register this week a petition filed by America's Community Bankers (ACB) to allow payroll dedu... full story

Pickens, NAIC Help Educate China on Insurance

(10/13/2003) Arkansas Insurance Commissioner Mike Pickens, who is the current President of the National Association of Insurance Commissioners (NAIC), recently led a delegat... full story

ISO Pegs Isabel Insured Loss at $1.17 Billion

(10/07/2003) Insurers are expected to pay $1.17 billion to homeowners and businesses for insured property losses from Hurricane Isabel that struck eight mid-Atlantic and nor... full story

Microsoft Facing Product Liability Lawsuits

(10/07/2003) A lawyer specializing in product liability lawsuits filed a case last week in State Superior Court in Los Angeles charging Microsoft with violating California's... full story

Canadian Insurer to Acquire John Hancock

(9/30/2003) Life insurer John Hancock Financial Services has accepted an offer to be taken over by Manulife Financial of Canada for $11 billion in stock. The... full story

A.M. Best Reports P&C Performance Improves

(9/30/2003) The property/casualty industry reported a 9.6 percent gain in surplus for the first half of 2003, according to figures just released by A.M. Best. robust... full story

Estimate of Insured Losses From Hurricane Isabel is $1 Billion

(9/23/2003) The initial estimate of insured losses due to Hurricane Isabel is $1 billion according to the Insurance Information Institute (III). While that's not small chan... full story

Senate Natural Disaster Bill Introduced

(9/23/2003) On September 11, Senator Lindsey Graham (R-South Carolina) introduced S. 1607, the Homeowners Insurance Availability Act. The legislation is a companion bill to... full story

NAIC Investigates Increasing the Risk Based Capital Requirement by 50 Percent

(9/23/2003) At the 2003 fall meeting of the NAIC, the NAIC's Risk-Based Capital Task Force announced that it was considering whether to raise the Risk Based... full story