As the U.S. moves into tornado season, the Property Casualty Insurers Association of America (PCI) encourages homeowners, renters and business owners to review their insurance policies and contact their insurance agent or company to discuss coverage options…
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The former head of Louisiana’s property insurer of last resort pleaded guilty Monday to stealing about $29,000 from the state, including $10,000 for first-class tickets to Europe and $850 for baseball tickets…
The OIR said Homeowners Choice did not give notice of its reinsurance agreement with Claddaugh Casualty Insurance Co., an affiliate of Homeowners Choice, according to an order from the OIR. The agreement was never approved, said OIR spokeswoman Brittany Benner…
The U.S. Securities and Exchange Commission and General Re Corp. agree Liberty Mutual Insurance Co. should not be allowed to intervene in Gen Re’s finite reinsurance settlement with the SEC…
A.M. Best Co. has downgraded the financial strength rating to A- from A and issuer credit rating to “a-” from “a” of Kentucky Growers Insurance Company. These rating actions reflect the company’s decline in risk-adjusted capitalization over the past two years, which was driven by significant underwriting losses.
Some U.S. hospitals can be profitable and deliver high value for both Medicare and commercial payers for inpatient care, while others may provide high value for Medicare, but are profitable by charging commercial payers considerably more…
Lance J. Ewing, a former vice president of risk management for Harrah’s Entertainment and past president of the Risk and Insurance Management Society, has taken a new position as vice president of national accounts for Chartis Insurance…
Marsh & McLennan Agency purchased the brokerage firm Thomas Rutherfoord Inc. in a move the Marsh Inc. subsidiary says will make it the 13th-largest insurance agency in the United States…
The Massachusetts Division of Insurance warned car dealerships to steer clear of the insurance business in a bulletin issued in response to complaints from insurance agents…
AIG said it raised $452 million through the sale of 8.5 million shares of Transatlantic Holdings Inc. owned by its subsidiary American Home Assurance…
Almost two years after lawmakers created it, a program to provide affordable health insurance to small businesses has yet to enroll its first client…
Southern Oak Insurance Co. is already taking some corrective actions in response to an order from Florida regulators to change its business plan, amending the insurer’s agreement with managing general agent, Southern Oak Management…
Asking if your dog is covered under your homeowners insurance policy may be a strange question to ask, but according to the Journal of American Medical Association, the number of dog bites in America now tops 4.5 million per year…
Seven months after George Sodini shot a dozen women at LA Fitness in Collier, the legal battle for his assets is heating up…
The Association of California Insurance Companies endorsed the ballot measure to allow insurance companies to lower premiums for drivers who have continuously maintained automobile insurance coverage, even if they switch insurers…
Answers to homeowners’ questions on storm-related insurance claims, by Howard Guttman, a public insurance adjuster with Paul Guttman…
One-stop online source supports agents’ full training & development needs Portland, OR – March 15, 2010 – Liberty Northwest,…
Safety Insurance Group Inc. said an agreement it made with the Massachusetts Attorney General to change how the company calculated motorcycle insurance rates impacted its fourth-quarter net income by $3.8 million and nearly $5 million for 2009…
AIG Federal Savings Bank and Wilmington Finance agreed to pay $6.1 million to settle allegations that the lenders engaged in discrimination against African-American borrowers…
What: Telephonic Press Conference on details of WTC Captive Insurance Company Settlement of Debris Removal Claims Cases. When: Friday, March 12, 2010. 11:30 am EST. Who: Christine LaSala, President and CEO, WTC Captive Insurance Company. Kenneth R. Feinberg, Former Special Master of the Federal September 11th Victims Compensation Fund and Currently Special Master for TARP compensation.
