Insurance News

Posts Tagged ‘BREAK

TALLAHASSEE ? After years of fighting insurance companies, Florida lawmakers are now leaning toward helping some out.

The Senate Banking and Insurance Committee voted 7-3 Wednesday ? after some animated debate ? for a bill (SB 2044) that would allow insurers to initially retain up to half of the amount of a claim, forcing policyholders to prove the money was used to cover their loss before receiving the full amount.

Companies Read the rest of this entry »

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Data is a critical force for organizational success in the modern insurance enterprise. The challenge is how to get the quality data required, and then make the most effective use of it.

Not only is data a key driver for creating and improving core processes and products, but it is also a significant byproduct that can be used to improve business functions such as underwriting, pricing, financial analysis, claims handling and overall strategic Read the rest of this entry »

More insurers under state “permitted practices” rules are requesting relief from requirements concerning their capital surplus.

Approximately 20 companies have applied to the Ohio insurance department for relief in response to bulletins issued on Feb. 3, according to Carly Glick, a department spokesperson. Letters will be sent to the companies next week in response to the requests, she added.

The requests follow a filing by Read the rest of this entry »

More insurers under state “permitted practices” rules are requesting relief from requirements concerning their capital surplus.

Approximately 20 companies have applied to the Ohio insurance department for relief in response to bulletins issued on Feb. 3, according to Carly Glick, a department spokesperson. Letters will be sent to the companies next week in response to the requests, she added.

The requests follow a filing by Read the rest of this entry »

More insurers under state “permitted practices” rules are requesting relief from requirements concerning their capital surplus.

Approximately 20 companies have applied to the Ohio insurance department for relief in response to bulletins issued on Feb. 3, according to Carly Glick, a department spokesperson. Letters will be sent to the companies next week in response to the requests, she added.

The requests follow a filing by Read the rest of this entry »

More insurers under state “permitted practices” rules are requesting relief from requirements concerning their capital surplus.

Approximately 20 companies have applied to the Ohio insurance department for relief in response to bulletins issued on Feb. 3, according to Carly Glick, a department spokesperson. Letters will be sent to the companies next week in response to the requests, she added.

The requests follow a filing by Read the rest of this entry »

More insurers under state “permitted practices” rules are requesting relief from requirements concerning their capital surplus.

Approximately 20 companies have applied to the Ohio insurance department for relief in response to bulletins issued on Feb. 3, according to Carly Glick, a department spokesperson. Letters will be sent to the companies next week in response to the requests, she added.

The requests follow a filing by Read the rest of this entry »