Citizens Property Insurance of Florida heading toward privatization

Florida’s Citizens Property Insurance may be heading toward privatization. The state-run program is considered the last resort for affordable insurance coverage in the state, offering…

Puerto Rico’s physicians threaten to discontinue their service if not compensated for their work by insurers

Physicians in Puerto Rico are taking a stance against the government and several insurance companies after they were refused payment for treating the poor. Doctors…

Allstate updates its estimated Q2 losses, up to $2.3 billion

Allstate has announced their latest estimates of their Q2 losses. The prestigious insurer has had a rough year given the frequency and severity of storms…

Louisiana drivers pay second highest premiums for car insurance now behind Michigan

According to an Insure.com Quadrant Information Services study, Michigan has now taken the place held by Louisiana last year, when it had the most expensive…

The National Association of Insurance Commissioners withdraws its support of an insurance bill on its way to Congress

Insurance brokers have been rallying behind a controversial bill before Congress. The bill was first introduced last month by Senator Mike Rogers of Michigan. The…

Federal officials ready to debate health insurance rate increase of 10% or more

U.S. officials are getting ready to debate whether or not increases in the rates for health insurance of 10 percent or more were excessive within…

Study shows large earthquake in Southern California would severely damage the economy

The results of a recent study performed by the U.S. Bureau of Labor Statistics (BLS) showed that a large earthquake in Southern California would cause…