In the summer of 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately $244,000. Key evidence in the lawsuit—filed on behalf of the U.S. Department of Agriculture and the …
Two Texas gubernatorial candidates—current Republican governor, Rick Perry, and Tony Sanchez, who’s seeking the Democratic spot on the ballot next November—announced separately that they want to investigate and contain rising homeowners insurance rates in the state. According to the Austin …
Analysts and insurance company CEOs who recently addressed the Property/Casualty Insurance Joint Industry Forum in New York City presented remarkably consistent predictions about the future of the insurance industry in the short term. Members of separate panels composed of financial …
What is a Hurricane? A hurricane is a type of tropical cyclone—a generic term for a low pressure system that generally forms in the tropics. The cyclone is accompanied by thunderstorms and, in the Northern Hemisphere, a counterclockwise circulation of …
At the heart of a lawsuit filed against Allstate Insurance Company by an independent agent in Garza County, Texas, are the issues of who owns the right to renew policies of customers of an independent agent; what it means to …
According to a new report by A.M. Best, the bankruptcy of Houston-based energy trader Enron Corp. has affected the investment portfolios of a number of insurers. As of Sept. 30, 2001, the affected companies had more than $3 billion worth …
The California Department of Insurance (CDI) announced the latest edition of the Automobile Insurance Premium Comparison Survey on its Web site at www.insurance.ca.gov. The new survey provides a baseline of premium information as a tool consumers and policyholders can use …
The California Senate Insurance Committee convened a hearing with member companies of the Personal Insurance Federation of California (PIFC) to discuss how auto insurers are complying fully with state vehicle code laws dealing with total loss salvage vehicles. Senator Jackie …
Hawaii Insurance Commissioner Wayne Metcalf announced that the National Council on Compensation Insurance (NCCI) has received approval for a 4.6 percent overall increase in workers’ comp insurance loss costs in Hawaii. The NCCI originally filed for a 9.1 percent increase, …
As of Feb. 12, a total of 21 states had introduced bills that would ban or restrict the use of credit-based insurance scoring according to the National Association of Independent Insurers. State legislatures considering various types of bills related to …
