The season for spooks and goblins is over. We’re headed toward holidays that elicit fears of chubby tummies and clothes that no longer fit, so something at least partly mysterious fits the bill for...

It’s usually in October that the stock market decides to go haywire. This year, it chose September. With the demise of the Lehman Brothers, the disappearance of Merrill Lynch into Bank of America...

Last month’s article offered an overview of the provisions found in 19 states’ versions of the Unfair Claims Practices Regulations. These regulations extend the deadlines to accept or reject a claim...

Earth is flat. Man will never fly. Madonna will never turn 50. Do these urban legends and myths sound familiar? In litigation, certain myths still inhibit the effectiveness of risk managers in...

After months of negotiations, the U.S. House and Senate have not yet reached a consensus regarding a flood reform package. Instead, in an effort to renew the National Flood Insurance Program (NFIP)...

Bad-faith remedies designed to protect policyholders from unfair claim settlement practices can potentially harm consumers, warns a new report published by the National Association of Mutual...

Risk and Insurance Management Society (RIMS) has released the findings of its 2008 Risk Management Compensation Survey, the fifth iteration of the not-for-profit organization’s annual survey. RIMS,...

State Farm, the nation’s largest auto insurer, conducted the study to find ways to reduce collisions involving teens, which represents the top cause of U.S. teen deaths, and found that teens often...

The looming homeowners’ insurance crisis has both the insurance industry and policyholders sending out a distress call. The Hartford is proposing a collaborative public policy solution within the...

According to a recent study by J.D. Power and Associates, the disparity in satisfaction levels between homeowners and auto insurance policyholders continues to widen. The findings of the 2008...

Part of the allure of iPods and MP3 players is the momentary insulation from the world at large. But zoning out can have serious consequences to pedestrians with iPods, termed “podestrians” and...

On Aug. 27, The Texas 14th Court of Appeals rejected Texas Mutual’s appeal of a jury verdict that found TMIC acted in bad faith and that the company had knowingly violated the insurance code. The...

Florida Insurance Commissioner Kevin McCarty ordered State Farm Florida to issue credits or refunds totaling $120 million to current and former policyholders who did not apply for or who did not...

The Virginia State Police’s Insurance Fraud Program (IFP) is utilizing the social-networking titan to further their fight against insurance fraud, part of a new cyber campaign to educate citizens...

Guy Carpenter and Company, LLC, a global risk and reinsurance specialist, introduced its Casualty Catastrophe Model, developed jointly with Arium, Ltd., which enables casualty insurers and reinsurers...

Police report requests can now be submitted within the CCC Autoverse portal environment, the result of agreements between CCC and police report service providers ChoicePoint Police Records, Inc. and...

HygroTrac, developed by Dri-Eaz Products and GE Sensing, actively measures relative humidity, air temperature, moisture content and GPP, and transmits this information in real time to a secure web...

During this month of thanks and giving, one would guess that more insurance professionals are feeling like the turkey rather than the carver. After all, the value of insurers’ investments — because...