IFAwebnews » Robert Hartwig

Insurers’ lost $32B from natural disasters in first nine months of ’11

Bob Graham — Tue, 03 Jan 2012 16:11:25 +0000

Natural disasters cost insurance companies more than $32 billion in direct insured losses in the first nine months of 2011, nearly double the average of other years, according to the Insurance Information Institute.

Insurers’ lost $32B from natural disasters in first nine months of ’11 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. 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.

Residual market property plans may be vulnerable

Bob Graham — Thu, 10 Sep 2009 11:00:49 +0000

An insurance group is sounding a warning to “hurricane-exposed states,” saying their residual market property plans may be vulnerable.

Residual market property plans may be vulnerable via IFAwebnews.

P-C insurers in strongest capital position of last 25 years

Bob Graham — Thu, 14 May 2009 06:54:15 +0000

The U.S. property-casualty industry is in a stronger capital position now than before any major catastrophic event, including the Sept. 11, 2001, terrorist attacks and 2005′s Hurricane Katrina, over the ... Read →

P-C insurers in strongest capital position of last 25 years via IFAwebnews.

Trade groups push benefit of credit-based insurance scoring

Bob Graham — Wed, 06 May 2009 06:23:21 +0000

A collective of insurance trade groups joined credit information and economic experts seeking to promote to state regulators the benefits to consumers when they use credit-based insurance scoring, even in ... Read →

Trade groups push benefit of credit-based insurance scoring via IFAwebnews.