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Florida’s Royal Palm Insurance Gets 15% HO Rate Increase
September 08, 2010
Gainesville, Fla.-based Royal Palm Insurance Company has received approval for an average statewide homeowners insurance rate increase of 15 percent. ...
Willis India To Appeal Non-renewal Of License
September 08, 2010
Willis Group Holdings said yesterday that it will appeal last week’s decision by India’s Insurance Regulatory & Development Authority (IRDA) to not appprove the license renewal application of the broker’s joint venture in India....
British Official Backs EU Financial Services Supervision Plan
September 08, 2010
A British official endorsed a European Union plan to coordinate financial services supervision, including insurance, across EU member countries through new watchdog agencies, according to an article in the New York Times....
Allstate: Florida Rate Increases Will Not Keep Up With Costs
September 07, 2010
Florida regulators agreed that non-hurricane losses and increased reinsurance costs warranted a double-digit rate increase for Allstate subsidiaries operating in the state. ...
Health Care Law To Benefit Small Businesses, Report Says
September 07, 2010
Tax credits in the health care reform law designed to offset health insurance premium costs mean that small businesses will be one of the first groups to benefit from the legislation, according to a new report from the Commonwealth Fund....
Time For A Reality Check
September 06, 2010
To say that the U.S. economy is caught between a rock and a hard place would be putting it mildly, meaning commercial insurers will have to fight for every premium dollar while battling to keep their loss ratios under control....
Uniformity Needed To Keep Insurance Market Truly Global
September 06, 2010
Better regulatory uniformity is required globally to help facilitate insurance trade between the United States and its European partners, a panel of insurance officials said....
Looming Flood Insurance Expiration Puts Congress Back On The Hot Seat
September 06, 2010
Ensuring that the NFIP remains in force—at least through a short-term reauthorization—is the priority for property and casualty industry lobbyists as Congress returns next week for what is expected to be a brief but turbulent session....
N.Y. Producer Groups Help Prepare Members For Disclosure Regulations
September 06, 2010
While controversy surrounds the implementation of producer disclosure regulations by the New York State Department of Insurance, associations say they are obligated to prepare agents for the new mandates, like them or not...
Regulators To Take Up Agents’ MLR Concerns This Month
September 03, 2010
Health regulators will deal this month with a request by agents that their commissions not be treated as part of a company’s premium revenue for purposes of establishing medical loss ratios....

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