Insurance News

Posts Tagged ‘Group

Cleveland, OH — March 1, 2011 — Selman & Company, a leading insurance marketing and administrative services provider, and Podiatry Insurance Company of America announced the completion of Selman & Company?s acquisition of the Life & Health Insurance Business of PICA Group Services of Nashville, T.

?Three of the four markets we serve through the marketing and administration of life, health and related insurance product offerings Read the rest of this entry »

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Group Health Research Institute has received a $2 million federal grant to study whether a relatively new health-insurance model can support and improve patient health, and hence can reduce cost.

If it does, many insurers and self-insured employers may well adopt this model, which uses financial carrots and sticks to nudge patients to use health care of proven benefit and to make them think twice before spending money on medical services that Read the rest of this entry »

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 laying out the company?s strategy to grow its business in the future calls for the elimination of up to 3,300 agents whose business has not grown to between $3 million and $4 million Read the rest of this entry »

TALLAHASSEE, Fla. (AP) — Florida insurance regulators are failing in their duties if they don’t make the state-backed Citizens Property Insurance Corp. raise property insurance rates by 10 percent across the board, a business group lobbyist said Tuesday.

Barney Bishop III, president of Associated Industries of Florida, said it’s ”astonishing” that the state-backed insurer would not increase rates on all policies by 10 percent.

Read the rest of this entry »

The National Association of Mutual Insurance Companies (NAMIC) today applauded the American Legislative Exchange Council for adopting a resolution opposing insurance bad faith legislation.

The ?Resolution Opposing Unfair and Unbalanced Insurance ?Bad Faith? Legislation? urges state legislatures to adhere to traditional principles of contract law and oppose legislation designed to:

Create new or expansive private causes of action; Read the rest of this entry »

DETROIT (AP) ? None of the six most-popular midsize sedans earned a top rating in bumper safety in the latest crash tests performed by the Insurance Institute for Highway Safety.

The Mazda 6 was the only car to receive an “acceptable” rating ? one rating below “good,” the top rating ? based on the average cost to repair front, rear and corner bumpers following a 6 mph crash.

A 6 mph crash can simulate a common parking accident, Read the rest of this entry »

Performing well financially in this economic environment is a pretty big success. The past 18 months have been a volatile period for the insurance industry affecting companies in many different ways, according to Ward Group.

“Volatility in the investment portfolios, economy and competitive landscape has forced companies to evaluate many of their business strategies,” says Jeff Rieder, president of Ward Group. “In selecting the Ward’s 50, Read the rest of this entry »