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Prepare for Earthquakes
by Claire
11 Mar 2010 at 8:04am
California residents are the weakest link in earthquake preparedness and more than 60 percent have not done enough to make their homes safer and guard their personal finances, according to a newly released study. The California Earthquake Preparedness Survey conducted by the University of California Los Angeles School of Public Health for the state Emergency [...]
Tornado Watch
by Claire
10 Mar 2010 at 8:01am
It looks as if spring will bring increased tornado and severe storm activity for property/casualty insurers due to the wet El Niņo winter, at least that?s what the weather experts believe. Greg Forbes, severe weather expert at The Weather Channel is quoted in USA Today saying that comparable past winters suggest there could be an [...]
Soft Market Continues With One Exception
by Claire
9 Mar 2010 at 7:19am
Online insurance exchange MarketScout says coastal property rates in select geographic locations are firming, bucking the trend of ongoing rate reductions in the property/casualty market. The comments came as MarketScout reported the average property/casualty rate decrease was 5 percent in February, compared to 8 percent a year ago. ?While property rates were down 5 percent [...]
American Insurance Association News
American Insurance Association News Releases
AIA -
AIA Voices Concerns over Homeowners’ Defense Act
9 Mar 2010 at 12:00am
WASHINGTON, DC, March 9, 2010 – Leigh Ann Pusey, president and CEO of the American Insurance Association (AIA), today sent a letter to two Subcommittees on the House Financial Services Committee voicing concerns over H.R. 2555, or the Homeowners? Defense Act. The letter was sent in advance of a scheduled joint hearing entitled ?Natural Catastrophe Risk Mitigation? before the Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises tomorrow, March 10.
AIA Letter to Senate Banking Committee Members Regarding Financial Regulatory…
2 Mar 2010 at 12:00am
WASHINGTON, DC, March 2, 2010 ? Leigh Ann Pusey, president and CEO of the American Insurance Association, sent a letter late yesterday to members of the Senate Banking Committee supporting proposals that provide greater oversight of financial institutions and emphasizing that the property-casualty insurance industry does not pose a systemic risk to the broader financial system.
Bill Exempting Certain Commercial Lines from Rate Regulation Is Introduced in…
1 Mar 2010 at 12:00am
ATLANTA, GA, Mar. 1, 2010 ? Passage of legislation to exempt from rate regulation certain commercial lines risks is the top priority for the American Insurance Association (AIA) during the annual Florida legislative session that begins tomorrow. The bill is backed by commercial insurers and the state?s major business organizations.
