California Insurance Commissioner Harry W. Low issued an order expanding the geographic areas eligible for coverage through California’s Fair Access to Insurance Requirements (FAIR) Plan. The Order expands the FAIR Plan to real or personal property located at a specific …
A jury awarded almost $7,000,000 in earthquake repair costs and bad faith damages on June 15 to a Culver City condominium homeowners association in a lawsuit against Scottsdale Insurance Company, according to Brian S. Kabateck, the association’s attorney. The Los …
Settlements to individuals exposed to asbestos in the U.S. and related expenses will ultimately reach $200 billion, according to a study conducted by Tillinghast-Towers Perrin. Of this amount, Tillinghast estimates that 39% of the costs will be retained by the …
The law firm of Dwyer & Collora LLP announced that on Friday, June 8, 2001, Federal Judge Robert E. Keeton of the U.S. District Court of Massachusetts certified state classes for four states, including Massachusetts and Connecticut, in a suit …
The Progressive Corporation announced that Jeff Yates has been retained as a consultant to the company’s agency business. Yates will consult with the company in its continuing efforts to help independent agents provide their customers with a competitively-priced product, 24-hour …
Hub International Limited, an international insurance brokerage which provides a broad range of products through offices in Canada and the U.S., signed a deal to purchase J.P. Flanagan Corp., an insurance agency offering brokerage services from its main office in …
Hub International Limited signed a letter of intent to purchase Battle Creek, Mich.-based Burnham Stewart Group, a regional insurance broker, with offices throughout Michigan and in Chicago, Cleveland and Dallas. The company is among the top 100 largest independent brokers …
The U.K.’s Financial Services Authority, which oversees the insurance industry, has asked the country’s serious fraud office to investigate certain aspects surrounding the collapse of Independent Insurance Co., which was put into liquidation yesterday. (See previous article) The serious fraud …
The latest figures from Lloyd’s of London show that “for the first time in its 300-year history, the United States has become the British insurer’s largest single market.” Gross premiums from the U.S. amounted to $5.9 billion accounting for 35 …
Dutch insurer and financial services provider AEGON N.V. announced that its U.S. subsidiary, AEGON USA, Inc., had successfully completed the acquisition of J.C. Penney’s direct marketing services. It paid $1.3 billion in cash at the time of closing. Swiss Re …
