Insurance News

Posts Tagged ‘PAST

(Auto Insurance News) — It’s costing more to insure your car.

The median six-month auto insurance rate in Ohio increased about 5 percent in the past six months to $560 per household, according to a study released yesterday by InsWeb, an online insurance-comparison provider.

The median means half pay more and half pay less.

A household with the median annual income of $41,532 would pay about 2.7 percent of its income Read the rest of this entry »

WASHINGTON?Insurance industry representatives said President Obama?s new effort to tax insurers who cede premiums to overseas affiliates is far tougher than previous proposals aimed at low-tax offshore havens.

The Obama administration?s concept contained in the budget it released yesterday unleashed withering criticism from a spokesman for Bermuda insurers as well as officials of the Risk and Insurance Management Society Inc., which Read the rest of this entry »

In September 1938, the Great New England Hurricane devastated the northeast United States with high winds, storm surge, and inland flooding causing more than 700 fatalities. To mark the 70th anniversary of the event, catastrophe experts at Risk Management Solutions recently published a report investigating the likely impacts if the storm were to recur today.

The study’s key conclusions include:

Insured losses from wind, storm Read the rest of this entry »