Personal Injury Protection (PIP) legislation may not be dead after all in Florida, as the Florida Senate approved a PIP package supported by an unlikely alliance including Florida Insurance Council, personal injury lawyers and doctors. According to the FIC, the …
State District Judge Scott Jenkins in Austin gave a nod to the $117.5 million settlement between the state of Texas and Farmers Insurance Group. According to the Austin American-Statesman, the preliminary approval ends a long legal process involving claims that …
Atlanta-based Crawford & Company announced that Joe Caporaso joined the company as senior vice president, treasurer and chief Rrsk officer. Caporaso has over thirteen years of experience in various financial and operational positions within the claims management services industry.
A bill that insurance groups say would modernize Louisiana’s insurance regulatory system and make insurance more available in the state has passed the House Insurance Committee. According to the National Association of Independent Insurers, Senate Bill 721 now heads to …
Leading PA P/C insurer Penn National Insurance announced that it has made a partnership agreement with Rackley Systems, Inc., to bring its agents “a state-of-the-art .NET Web rating tool.” It also announced a $100,000 grant to support Harrisburg’s Youth Achievers …
The Alliance of American Insurers has released a bulletin urging Vermont Governor Jim Douglas (R) to sign into law a bill, passed by the State’s legislature, that will “greatly enhance insurers’ and policyholders’ ability to conduct the business of insurance …
The Palisades Group, based in Berkeley Heights New Jersey, announced that it has agreed to acquire The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC-NJ), the New Jersey property and casualty unit of Prudential Financial, Inc. The acquisition …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA’ counterparty credit and financial strength ratings on the insurance subsidiaries that make up the ACE Capital Re Group (ACR): ACE Capital Re International Ltd., ACE Capital Re Overseas …
Lloyd’s Chairman, Lord Peter Levene, told more than 250 senior brokers at the first Lloyd’s European Symposium, held at the Grange City Hotel in London, that now is the time for Lloyd’s to take whatever steps are necessary to make …
Boston-based Liberty Mutual Group has signed a definitive agreement to acquire Prudential Financial Inc.’s U.S. personal lines property/casualty operations in 47 states, excluding its New Jersey, specialty auto and affinity businesses. The purchase, valued at about $540 million, will make …
