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February 09, 2010
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Property/casualty rates fall 4% in January

by Insurance Headlines - Feb 09,2010

U.S. commercial property/casualty insurance rates declined an average of 4% in January compared with those of a year earlier, MarketScout said Friday. “While the composite rate remained at minus 4%, we noted rates for service, public entities and energy decreased further, ... [full story]

Allstate Denies Agents’ Group Claim It Plans To Cut 3,300

by National Underwriter - Feb 09,2010

Allstate is denying a charge by an agent group that it has a goal of eliminating more than 3,000 agents in three-to-five years. Jim Fish, executive director for the National Association of Professional Allstate Agents (NAPAA), said an internal company memo ... [full story]

Industry groups seek delay in Medicare payer rules

by BusinessInsurance.com - Feb 09,2010

WASHINGTON—Two property/casualty insurance industry groups and a self-insurance group asked the U.S. government Friday to delay implementation of mandatory Medicare secondary payer reporting requirements. The requirements that are to go into effect April 1 are designed to ensure that Medicare remains ... [full story]

AIG Insurance Units' Risk Misunderstood By Treasury: NAIC

by National Underwriter - Feb 09,2010

WASHINGTON—State regulators have told Congress the Treasury’s assessment of how American International Group holding company problems could have impacted AIG’s ability to pay insurance claims is wrong. In a letter to lawmakers the National Association of Insurance Commissioners said that American ... [full story]

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