Travis County District Court jury to the insurance industry: take care of toxic mold claims adequately and promptly or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a Dripping Springs family …
John Amore, president and CEO of Zurich U.S., has a vision not just for his company but for the industry. “I think the industry needs to rebrand itself,” Amore told IJ in an exclusive interview in Zurich’s Dallas regional office. …
Seven speakers have been announced for the Texas Surplus Lines Association Mid-Year Meeting set for July 19-22 at the Vail Marriott Resort, Vail, Colo. William Kirven, Colorado Insurance Commissioner, is scheduled to welcome the 150 expected registrants to the Centennial …
Anti-fraud reforms recently passed in Tennessee, Florida and Nevada are a signal that insurance fraud is becoming a top-tier crime around the country, according to the Coalition Against Insurance Fraud, a national organization dedicated to fighting insurance fraud through public …
The Alliance of American Insurers is on record as having asked Texas Gov. Rick Perry to veto two insurance-related bills One of the bills, SB 1654, is also opposed by the Association of Fire and Casualty Companies of Texas. The …
Griffiths Insurance Agency and Suhr Risk Services of California Insurance Brokers have completed a merger agreement. Dating back to 1910, Griffiths Insurance Agency offers comprehensive insurance, risk management, and employee benefit services to organizations of all sizes. Services include risk …
A new insurer is taking on the nonstandard auto market in California. Lincoln General Insurance Co., a subsidiary of Kingsway Financial Services Inc., is now licensed to start selling nonstandard auto insurance in the state. Kingsway Financial sells nonstandard auto …
PAULA Financial and Great Northern Underwriters (GNU) of Portland, Ore., have agreed to terms that allow for PAULA to acquire GNU at a future date. The two companies have arranged a strategic collaboration in which GNU will incorporate PAULA underwriting …
The Progressive Corporation, based in Mayfield Village, Ohio, reported a GAAP combined ratio of 97.5 for May. Net premiums written for the month gained 11 percent to $557.0 million, compared with $502.4 million last year. Net premiums earned for the …
First Union Securities announced the sale of The Galtney Group Inc. to Arthur J. Gallagher & Co., the world’s fourth largest insurance broker. The Galtney Group retained First Union Securities to serve as the company’s exclusive financial advisor in the …
