IFAwebnews » III

First-half net income for P-C insurers drops 71%, as losses mount

Bob Graham — Tue, 11 Oct 2011 12:49:25 +0000

Private U.S. property-casualty insurers’ net income fell 71%, fueled in large part by losses from catastrophes.

First-half net income for P-C insurers drops 71%, as losses mount via IFAwebnews.

N.Y. urged to act on no-fault auto insurance fraud as premiums ‘skyrocket’

Bob Graham — Wed, 27 Apr 2011 19:44:52 +0000

Allstate Insurance Co. is urging New York lawmakers to find ways to combat the growing number of no-fault insurance frauds that trade groups say cost drivers more than $200 million last year.

N.Y. urged to act on no-fault auto insurance fraud as premiums ‘skyrocket’ via IFAwebnews.

P-C insurers’ net income, policyholders’ surplus show increases

IFAwebnews Staff — Mon, 25 Apr 2011 11:58:52 +0000

Private U.S. property-casualty insurers saw their net income, after taxes, rise to $34.7 billion last year, an increase from the $28.7 billion from the prior year.

P-C insurers’ net income, policyholders’ surplus show increases via IFAwebnews.

Regulating property-casualty insurers like banks raises costs, III says

IFAwebnews Staff — Mon, 26 Apr 2010 11:46:32 +0000

Subjecting property-casualty insurers to bank-style regulation would increase insurance costs for consumers and penalize insurance companies for the sins of other entities within the broader financial services arena, according to an industry economist.

Regulating property-casualty insurers like banks raises costs, III says via IFAwebnews.

Forecasts for agents’ demise exaggerated, faulty, III says

Bob Graham — Mon, 08 Mar 2010 13:16:21 +0000

Previous talk about the extinction of the insurance agent should be put aside, an industry expert said, noting the resilience and adaptability of producers in response to new technology.

Forecasts for agents’ demise exaggerated, faulty, III says via IFAwebnews.

N.Y. insurance regulators say state lacks proper earthquake coverage

IFAwebnews Staff — Thu, 18 Feb 2010 16:16:39 +0000

With the backdrop of the devastation in Haiti fresh in people’s minds, New York insurance regulators are not ruling out a similar event in their own state, a key reason they say insurers should promote the opportunity to buy coverage for such a devastating occurrence.

N.Y. insurance regulators say state lacks proper earthquake coverage via IFAwebnews.

N.Y. senator wants to get tough on auto insurance fraud

Keith L. Martin — Fri, 12 Feb 2010 13:52:05 +0000

Citing rising fraud and rising insurance costs in his home state, New York Sen. Charles E. Schumer is proposing a bill to impose federal penalties against those who commit auto insurance fraud.

N.Y. senator wants to get tough on auto insurance fraud via IFAwebnews.

Fraud ‘epidemic’ targeted in hearing on N.Y. no-fault auto insurance

Bob Graham — Fri, 05 Feb 2010 13:58:59 +0000

Several insurance trade groups spoke to New York legislators about the need for no-fault auto insurance reform as state residents deal with record increases, spurred by an “epidemic” of fraud.

Fraud ‘epidemic’ targeted in hearing on N.Y. no-fault auto insurance via IFAwebnews.

Insurers breathing sigh of relief after hurricane winds blew softly

Bob Graham — Mon, 07 Dec 2009 14:00:14 +0000

The hurricane season that ended Nov. 30 was the calmest in 12 years, according to a national insurance research organization.

Insurers breathing sigh of relief after hurricane winds blew softly via IFAwebnews.

Changes sought after spike in no-fault medical payments in New York

Bob Graham — Fri, 06 Nov 2009 15:00:51 +0000

No-fault payments for medical care for New York accident victims rose 56% in the second quarter, leading one state insurance group to seek reform in the state’s laws.

Changes sought after spike in no-fault medical payments in New York via IFAwebnews.