Archive for April 2016

The New Hampshire Insurance Department has created a lost life policy locator service to assist Granite State residents and their families in locating life policies and annuity contracts that have been purchased in the state. “We developed this service to … Read More Read more here:: Insurance Journal       

Virginia Insurance Commissioner Jacqueline Cunningham has issued an administrative letter this month reminding insurers to review the rate standards outlined in Virginia Code § 38.2-1904 to ensure compliance. The administrative letter also indicates that so-called “price optimization” techniques that raise … Read More Read more here:: Insurance Journal       

New York state will soon require health insurers to cover depression screening for pregnant women and new mothers. The move follows a recommendation from a federal panel that insurers cover maternal depression screening without a co-pay or deductible. Gov. Andrew … Read More Read more here:: Insurance Journal       

Kinsale Insurance Company, a domestic excess and surplus lines insurance company based in Richmond, Virginia, has hired Stephen Manahan as senior vice president of Excess & Surplus Lines Property. In his new role, Manahan will be responsible for the continued … Read More Read more here:: Insurance Journal       

Texas Mutual Insurance Co. announced it has awarded a combined $600,000 in grants to College of the Mainland in Texas City, Del Mar College in Corpus Christi, El Paso Community College, Kilgore College, Midland College and Amarillo College. The grants … Read More Read more here:: Insurance Journal       

Virginia has set up a new revolving loan fund designed to help property owners prepare for rising sea levels. But the Virginian-Pilot reports that the fund has no funds and may not have any money for several years. Still, Virginia … Read More Read more here:: Insurance Journal       

The Delaware Insurance Commissioner Karen Weldin Stewart has fined insurance companies a total of $83,300 during the first quarter of 2016 for violating state insurance regulations. Fines generally result from a market conduct examination of a company’s practices performed by … Read More Read more here:: Insurance Journal       

Florida-based Universal Insurance Holdings Inc. has raised an additional $10 million in capital by selling shares to one of its reinsurers. Universal said it sold 583,771 shares of common stock to RenaissanceRe Ventures Ltd., a subsidiary of RenaissanceRe Holdings Ltd. … Read More Read more here:: Insurance Journal       

By Amy O’ Connor The Florida Supreme Court’s ruling that the state’s current attorney fee limits are unconstitutional will have serious ramifications on the workers’ compensation market in the state, according to Florida Insurance Commissioner Kevin McCarty and other workers’ compensation experts. Those ramifications … Read More Read more here:: Insurance Journal