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National Insurance News
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P/C rates soften despite chaos in financial sector

by BusinessInsurance.com - Oct 09,2008

 DALLAS—Property/casualty premium rates have not been significantly affected by turmoil in U.S. financial markets, with rates continuing to soften in September, according to MarketScout. The Dallas-based insurance exchange said in its monthly report that the property/casualty market remains soft as ... [full story]

Maryland Insurance Administration orders refunds for premium loan charges

by bizjournals.com - Oct 08,2008

At least nine Maryland premium loan companies charged Maryland Automobile Insurance Fund policyholders more interest than allowed by state law, insurance regulators said Monday. The companies, which loan policyholders money for auto insurance premiums and collect interest on the financing upfront, ... [full story]

ICW Group Announces Entry into Small Business Market

by PR Newswire - Oct 02,2008

SAN DIEGO, Oct. 2 /PRNewswire/ -- ICW Group, a leading group of insurance companies, announced today that it has entered the Small Business market for Workers' Comp Insurance by launching Snap Instant Quote, the company's new Small Business underwriting software. ICW ... [full story]

NAMIC Kicks off 113th Annual Convention

by NAMIC - Oct 02,2008

PHILADELPHIA  – Following the traditional “Ceremony of Flags” and the singing of the U.S. and Canadian national anthems, the 113th Annual Convention of the National Association of Mutual Insurance companies (NAMIC) began with Chairman John Bykowski, president/CEO of SECURA Insurance, ... [full story]

California Court Decision Reaffirms Distinctive Right of Mutual Insurance Companies, NAMIC Says

by NAMIC - Oct 02,2008

INDIANAPOLIS (Oct. 1, 2008) – A recent opinion from the California Court of Appeals is a significant victory for mutual insurance company boards in their efforts to successfully and flexibly oversee the management of their enterprises for the benefit of ... [full story]

Bruce D. Thomas Begins Term as 2008 - 2009 NAMIC Chairman

by NAMIC - Oct 02,2008

PHILADELPHIA (Oct. 1, 2008) ��" Bruce D. Thomas was elected 2008-2009 chairman of the board of the National Association of Mutual Insurance Companies (NAMIC) here today, during NAMIC’s Annual Convention. Thomas is the president/CEO of Heartland Mutual Insurance Company in ... [full story]

The Economy's Latest Victim: Employee Retirement Savings, Says Aon Consulting

by PR Newswire - Oct 01,2008

CHICAGO, Sept. 30 /PRNewswire-FirstCall/ -- Even though U.S. organizations provide various financial and retirement planning tools to help their employees save adequately for retirement, many employers say their workforce does not save or fully understand how much income they will ... [full story]

NAMIC Kicks off 113th Annual Convention

by NAMIC - Sep 30,2008

PHILADELPHIA (Sept. 29, 2008) – Following the traditional “Ceremony of Flags” and the singing of the U.S. and Canadian national anthems, the 113th Annual Convention of the National Association of Mutual Insurance companies (NAMIC) began with Chairman John Bykowski, president/CEO ... [full story]

Title Insurance Bill Signed Into Law by Governor Schwarzenegger

by PR Newswire - Sep 25,2008

SACRAMENTO, Calif., Sept. 25 /PRNewswire/ -- Earlier today, Governor Arnold Schwarzenegger signed into law Senate Bill 133 (Aanestad). SB 133 was sponsored by the California Land Title Association (CLTA). The bill provides the Department of Insurance with significant new power ... [full story]

Trial Against Unum Over Handling of Disability Insurance Claims Opens Today

by PR Newswire - Sep 23,2008

BOSTON, Sept. 22 /PRNewswire/ -- Trial begins today in federal district court in Boston against insurance giant Unum Group (NYSE: UNM - News) on whether Unum is dumping tens of thousands of disability claims onto the overburdened Social Security system, ... [full story]

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