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Insurers to Wisconsin: Don't Steer Credit Scoring off a Cliff

The Insurance Council of Australia (ICA) has called for a review of Victoria's fire services funding model. The ICA said premium increases introduced in September 2009 reflected the high proportion of Victorians who do not contribute to fire...

Costs Related to Dog Bite Claims Up 8.7%

Due to increases in medical and court-related expenses, dog bites cost insurers $387.2 million in 2008, up about 8.7% when compared with 2007, said the Insurance Information Institute. The rise in dog bite claims over the course of the past...

Mississippi Commissioner Stops State Farm's Rate Increase, Wants More Answers

In a move that stops the immediate implementation of State Farm's latest request for a homeowners rate increase, Mississippi Insurance Commissioner Mike Chaney said he has asked the insurer for more information about its filing -- which cou...

BancInsure partners with Eagle Insurance and Imperial Casualty

BancInsure has announced a new alliance with Eagle Insurance Agency Holdings, and Imperial Casualty and Indemnity Company. Eagle Insurance Agency operates as a managing general agency with a focus on professional employer organizations (PEO...

Former Head of Louisiana Citizens Set for Trial in March

Terry Lisotta, former chief executive of Louisiana Citizens Property Insurance Corp., has a trial date for March 22 in state district court in Baton Rouge, La. Lisotta was indicted early last December on 14 counts of theft for alleged misap...

Ohio Agent Sentenced to Eight Years, $6.3 Million Restitution for Fraud

A federal judge sentenced a former Ohio insurance agent to more than eight years in prison and ordered him to pay $6.3 million in restitution for defrauding at least 10 victims out of nearly $5 million. William R. Appleton II's restitution...

Michigan Bill Would Abolish Territorial Rating

A Michigan legislative proposal to abolish the use of place of residence as a factor in determining insurance rates would increase costs for 75% of drivers, according to the Insurance Institute of Michigan. A bill introduced by state Sen. M...

BIG “I” Applauds House Passage Of Surplus Lines Bill

The Independent Insurance Agents Brokers of America (the Big I) today praised the U.S. House of Representatives for passage of H.R. 2571, the Nonadmitted and Reinsurance Reform Act of 2009, sponsored by Rep. Dennis Moore (D-Kan.) and Rep. S...

Munich Re Targets Niche Expertise to Meet New and Complex Risks

Munich Re [85011] said it is opting to enhance its position as a comprehensive provider of reinsurance solutions and risk management in view of emerging trend for new and more complex risks. Under a redefined structure, the German reinsurer...

Aon Benfield Sees Downward Pressure on Reinsurance Rates

Reinsurance renewals for January 2010 are expected to see static pricing trends, with downward pressure for most global programs in the absence of any significant catastrophe events, according to one prominent broker in the market. With the...

The Injury Lawyers Warn on Insurance Fraud Dangers

The Injury Lawyers (http://www.theinjurylawyers.co.uk/), the UK's leading personal injury claims lawyers, are warning that people involved in car insurance fraud run the risk of serious injury for themselves, with no compensation. The warni...

'Heavy Weekends' Drive Up Home Accidents

Weekend excess has made Monday the peak day for domestic accidents, according to new figures. Claims data for the last three years released today by Halifax Home Insurance (http://www.halifax.co.uk/insurance/homeandcontentshome.asp) reveal...

Global Financial Crisis a Key Driver in Market Conditions for Property, Casualty, and Directors' and Officers' Lines, Says Aon

Aon Corporation (NYSE: AOC), the leading global provider of risk management services, today released its U.S. Quarterly Market Overview for Property, Casualty, and Directors' and Officers' Lines. The inaugural report was generated by Aon An...