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Insurer PACs Have Raised Nearly $5.9 Million in 2008 Election Cycle
Democratic and Republican campaign committees. As for individual candidates, Aflac has given the most, $7,500, to the campaign of Republican Jim Whitehead, who is running for a ...
Source: BestWire   Date: September 10, 2007
Allstate Nonrenews Homeowners Policies Despite State Order, Faces N.Y. Hearing
Allstate letter cited by the insurance department. Allstate says it is in compliance with the law, and that it plans to work with the regulator to resolve the issue. Allstate ...
Source: BestWire   Date: September 7, 2007
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Insurance Daybook for Monday, Sept. 10, 2007: The Life and Health Insurance Foundation for Education Holds Reception
Reserve Seminar in San Diego. The seminar features perspectives from actuaries, regulators, and financial reporting experts on the increasing demands on the actuarial profession. ...
Source: BestWire   Date: September 7, 2007
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Sureties Tell Congress They Need Stability in SBA Bond Guarantee Program
Congress debates reauthorization legislation for the U.S. Small Business Administration, the surety industry wants to make sure the SBA's Bond Guarantee Program gives sureties some ...
Source: BestWire   Date: September 7, 2007
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Pa. Attorney General Charges 10 in Alleged False Injury Scam
The downfall of the alleged scheme? According to an affidavit from state Attorney General Tom Corbett's office, the bus' insurer receiver got insurance claims for 29 people. But ...
Source: BestWire   Date: September 6, 2007
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Maryland Gov. Appoints Legal Counsel to Insurance Commissioner's Post
Maryland Insurance Administration. Other insurance issues in play in the state include property and health coverage. O'Malley has expressed interest in a Massachusetts-like ...
Source: BestWire   Date: September 6, 2007
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Jury Awards $8.1 Million in Hurricane Wilma Lawsuit
Financial Strength Rating of A (Excellent). (By Chris Grier, Washington correspondent, BestWeek: Chris.Grier@ambest.com)
Source: BestWire   Date: September 4, 2007
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Insurance Daybook for Wednesday, Sept. 5, 2007: House to Hold Oversight Hearing on Credit Markets
House Financial Services Committee Chairman Barney Frank, D-Mass., holds a hearing today to address problems in the credit and mortgage markets, and the implications for consumers ...
Source: BestWire   Date: September 4, 2007
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PIA Urges Governors' Group to Oppose Federal Regulator
Keating and Racicot wrote. "The insurance industry must compete in an interstate and international marketplace against financial service providers that can bring innovative ...
Source: BestWire   Date: September 4, 2007
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Mass.: Auto Insurers May Not Use Credit-Based Scoring for at Least a Year
April 1, 2008 through March 31, 2009. A hearing on the proposed regulations is set for Sept. 20. While insurers would like to see regulation eased even more than what is proposed, ...
Source: BestWire   Date: August 31, 2007
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Transcript: North Dakota Insurance Commissioner Jim Poolman on Why He's Resigning
This is Chris Grier with today's BestDay Audio Spotlight. Joining me is North Dakota Insurance Commissioner Jim Poolman, who announced that he's stepping down to start his own ...
Source: BestWire   Date: August 31, 2007
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Anticipating Sunset of PIP Law, Florida Agency Clarifies Rules on Auto Insurance
Farm have all said they will cut their rates after the law expires. State Farm, the largest private-passenger auto insurer in the state, said it would seek an average 16% decrease ...
Source: BestWire   Date: August 31, 2007
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Federal Court Backs Nationwide in Katrina Appeal
Nationwide Mutual Insurance Co. in a lawsuit involving Hurricane Katrina damage, ruling that language in the insurer's policy that denied coverage for flood damage is not ...
Source: BestWire   Date: August 31, 2007
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Texas to Have Real-Time Auto Insurance Verification in Place by 2008
Southwest Insurance Information Service trade group. "Maintaining a mammoth database on a real-time basis can lead to errors and glitches in reporting information that could leave ...
Source: BestWire   Date: August 30, 2007
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Texas Regulator: Allstate's Homeowners' Rates 'Excessive'
Allstate Texas Lloyd's said the week of Aug. 20 it would raise homeowners rates by 5.9%, shortly after getting a signal from the Texas regulator that it would probably disapprove a ...
Source: BestWire   Date: August 30, 2007
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Nationwide to Drop 39,000 Homeowners Policies in Florida
Nationwide Insurance Co. of Florida said it will nonrenew about 39,000 homeowners policies in Florida beginning next year, citing its exposure to storm risk in the state. The ...
Source: BestWire   Date: August 29, 2007
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Perspectives: Subprime Mess May Have an Upside for Mortgage Insurers
Most recently, Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, said on Aug. 23 it would close its subprime mortgage business and lay off 1,200 people, and ...
Source: BestWire   Date: August 27, 2007
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Lawmakers' Group Asks NAIC Regulators to Open Up Meetings
Rhode Island state Rep. Brian Kennedy, D, the vice president of the National Conference of Insurance Legislators, wrote NAIC President Walter Bell, Alabama's insurance commissioner ...
Source: BestWire   Date: August 27, 2007
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Rate-Setting Factors Up in Air as Mass Opens Auto Market
Mutual Group, the fourth-largest writer in the state. "We are eagerly awaiting a little more detail from the commissioner in terms of how she envisions competitive rating or what ...
Source: BestWire   Date: August 27, 2007
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Florida Insurance Commissioner Cleared of Misdeeds
His wife dropped out of the race. McCarty had apologized earlier for his involvement in her campaign in a letter to the Florida Cabinet. He had said he did not think his work was ...
Source: BestWire   Date: August 23, 2007
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