Property-Casualty Insurance News
Allstate Insurance Co. sued 83 New York area people, seeking to recover $6.3 million, in its seventh civil insurance fraud suit filed this year.
Senate, House have different views on future of National Flood Insurance Program
The U.S. Senate unanimously extended the National Flood Insurance Program (NFIP) through May 31, 2012, and the House of Representatives passed a bill reforming and extending it for five years the NFIP.
Majority of people think insurers intentionally put off paying claims
The majority of adults (59%) in a recent online poll said they thought most insurers intentionally delay the payment of claims.
Insurance companies back NTSB’s call for driver texting, cellphone ban
An insurance industry trade group, representing about 300 insurers, says it supports the National Transportation Safety Board’s call for a ban on texting and using cellphones while driving.
Chartis procures $575M protection against hurricanes, earthquakes
A New York, N.Y.-based insurance company entered a reinsurance agreement with another insurer that will provide $575 million in protection against hurricanes and earthquakes in the U.S.
A Boston, Mass.-based insurance brokerage and risk management firm acquired its second independent insurance agency this year as part of its growth strategy in the Boston area.
An Indiana-based insurance company approved to sell health insurance products in Pennsylvania has been charged with small businesses “unreasonably high premium increases” after increasing rates 12%, according to federal officials.
Hurricane Irene loss estimate raised to $4.3 billion
The latest estimates of catastrophic losses from August’s Hurricane Irene project total property damage at $4.3 billion, with the worst damage in New Jersey and North Carolina.
Irene’s fury biggest blow as 2011 Atlantic hurricane season ends
The 2011 Atlantic Hurricane season ended Nov. 30 after producing seven major hurricanes, including three major ones, according to the National Oceanic and Atmospheric Administration.
The U.S. Supreme Court refused to address a petition by an auto insurance company over a West Virginia ruling preventing it from retaining private medical records used against it in a civil suit.

Federal health reform would add 10,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase

Life insurers sell shares in British tech firm to Pa. company
FINRA estimate for IA SROs excludes monetary, administrative details
Most insurance agencies seeing better results than last year

Pa. broker adds $181,000 commission to $2.1M false insurance invoice
A.M. Best rates Pa.-based insurer’s outlook ‘negative’
With five-year plan stuck, House passes new short-term NFIP extension


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