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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

NAIC Investigates Licensing of Claims Adjusters

(9/23/2003) During the fall meeting of the NAIC in Chicago September 13-16, 2003, an NAIC subgroup met to consider drafting a model law which would require... full story

Conning Says Car Owners Subsidizing Premiums for Light Truck and SUV Owners

(9/16/2003) Light trucks and SUVs generate the highest profits for automakers, but are fast becoming one of auto insurers' biggest risks, according to a new study... full story

Major Insurers Sue Osama bin Laden Over 9/11 Attacks

(9/16/2003) On the eve of the second anniversary of the Sept. 11 attacks, five major insurance companies sued Osama bin Laden, al-Qaida, dozens of other terrorist... full story

Mid Atlantic Girds for Hurricane Isabel

(9/16/2003) As of now, it looks like dangerous Hurricane Isabel may make landfall somewhere along the East Coast of the United States. While meteorologists acknowledge that... full story

NAIC to Hold Quarterly Meeting

(9/10/2003) The National Association of Insurance Commissioners (NAIC) will hold its Fall quarterly meetings in Chicago on Sept. 13 through 16. Many of the issues that... full story

Despite Rising Profits, P/C Industry Net Worth Still Declining

(9/03/2003) While strong underwriting results propelled the property/casualty insurance industry to profitability in 2002, insurers have not fully recovered from anemic pre... full story

Study Says Auto Rates Increasing But Not As Fast As Last Year

(8/26/2003) Rising costs of medical care, vehicle repair, jury awards, automobile theft and fraud are expected to drive up auto insurance rates by six percent in... full story

Carrier Losses From Blackout Expected to be Modest

(8/18/2003) Insured losses resulting from last Thursday's massive power blackout are expected to be modest. No specific dollar figure is available yet. The Insurance Inform... full story

NCOIL Adopts Asbestos-Reform Resolution

(8/12/2003) Legislators of the National Conference of Insurance Legislators' (NCOIL) Property-Casualty Insurance Committee unanimously adopted a resolution recently calling... full story

NAIC Issues Auto Insurance Cost Data, New Jersey Officials Complain

(8/05/2003) Insurance regulators in New Jersey are expressing displeasure with the annual auto insurance cost survey put out by the National Association of Insurance Commis... full story

Federal Government Warns of Flaw in Windows Software

(8/05/2003) A serious flaw has been found in some versions of Windows software from Microsoft Corporation. The flaw enables hackers to essentially take over a computer... full story