6.16.06 -- New Jersey Consumers Are In The Driver’s Seat, Says PCI
New Jersey drivers are the clear winners due to comprehensive auto reforms enacted by lawmakers in 2003 according to the Property Casualty Insurers Association of America (PCI), in a report about auto insurance reform...
5.12.06 -- Illinois Workers Compensation Fee Schedule Will Produce Insignificant Savings
The National Council on Compensation Insurance (NCCI) estimate that implementation of Illinois’ new medical fee schedule will result in overall system cost savings of only 0.2 percent highlights the importance of making significant changes to the schedule, according to the Property Casualty Insurers Association of America (PCI)...
4.14.06 -- Independent Insurance Agents/Brokers Of NY Praise State Lawmakers For Overturning Mega Insurance Fine Increase
A financially repressive measure affecting insurance professionals was removed from the 2006-2007 New York state budget. The Independent Insurance Agents & Brokers of New York, Inc., which worked to eliminate an increase in insurance fines from 100 percent to 2,000 percent in some instances, congratulates New York’s Senate and Assembly for deleting those draconian penalties...
3.17.06 -- Research Project On Enterprise Risk Management For Property-Casualty Insurance Companies Launched
The Casualty Actuarial Society, ERM Institute International, Ltd (ERM-II), and the CAS/SOA Risk Management Section are jointly launching a major research project titled "ERM Analysis of Property-Casualty Insurance Companies"...
2.10.06 -- RMS Terrorism Risk Management Tools Assist The Insurance Industry
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, reaffirmed that its products can assist insurers in responding to the terrorism section of the 2005 Statement Year Supplemental Rating Questionnaire (SRQ) recently issued by rating agency A.M. Best Company...
1.13.06 -- Introducing New Online Resource For Insurance Agents
The National Flood Insurance Program announced today a new FloodSmart Agents Web site launched January 1, providing access to agent materials and new content in a password-protected Agents-Only section of FloodSmart...
12.16.05 - Billions At Stake For Insurers And Property Owners
For insurers facing extraordinary exposure from Hurricanes Katrina and Rita, unmatched losses beyond any other natural disasters in US history, the bad news continues. Serious mold contamination is now threatening water-damaged homes and commercial properties throughout the region...
11.11.05 -- Insurers Take Unprecedented Steps To Prevent Flooded Vehicles From Entering Used Car Markets
Late yesterday the American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI), jointly filed a complaint for declaratory relief in New Castle County Superior Court against the Delaware Department of Insurance...
10.14.05 -- New Study Demonstrates that Consumers Pay Less Under Colorado’s New Automobile Insurance System
Colorado automobile insurance rates have dropped between 16 and 39 percent depending on the location of the driver and coverages purchased, according to a new PCI and RMIIA study of automobile insurance rates before and after the state dropped its no-fault insurance system...
9.12.05 -- New Report Warns Of Rising Threat To Us Insurers And Their Customers From Climate Change
Hurricane Katrina is a most poignant reminder that U.S. insurers, government and consumers are at enormous risk from escalating losses from hurricanes and other weather-related events...