Legislation that should speed up the repair process for insured vehicles by clarifying that insurance companies can retrieve automobiles from towing yards was signed into law last week, according to the National Association of Independent Insurers (NAII). The NAII-sponsored bill, …
Nevada Insurance Commissioner Alice A. Molasky-Arman has ordered Liberty Liability Foundation, Self-Funding Automobile Liability (Liberty Liability) to stop all unauthorized insurance activities, including automobile liability programs in Nevada. Liberty Liability is also known as or affiliated with Americus Liability Foundation, …
The Alliance of American Insurers (AAI) responded Tuesday to a recent report from the Independent Insurance Agents and Brokers of America (IIABA), addressing the homeowners market (see IJ Web site May 13) in the U.S. “In the best of years, …
Birmingham, Ala.-based Vesta Insurance Group Inc. announced that at its meeting on May 13, 2003, the company’s Board of Directors declared a quarterly cash dividend for the period ending March 31, 2003 of $0.025 per share on the company’s common …
A bill that would not allow insurance rates in Louisiana to vary more than five percent between adjacent parishes passed a House committee last week and awaits action on the House floor. The National Association of Independent Insurers opposes the …
RE/MAX of Texas announced it partnered with USI to develop a partial self-insurance fund for real estate professional liability insurance, exclusively for RE/MAX of Texas franchisees. The USI program is underwritten by Lexington Insurance, an AIG subsidiary with the highest …
Arkansas State Insurance Commissioner Mike Pickens announced that President George W. Bush appointed the Insurance Department’s Deputy Commissioner John Hartnedy to the Department of Defense Retirement Board of Actuaries. As part of a three-member panel board, Deputy Commissioner Hartnedy will …
The Louisiana Surplus Lines Association is urging its members to keep the pressure on state lawmakers to pass House Bill 1476, which would exempt certain surplus lines insurers from a decades old, largely un-enforced law requiring surplus lines carriers to …
Missouri’s insurers are likely to pay at least $400 million to more than 60,000 Missourians for insured property damage from last week’s tornadoes and other violent storms, according to Insurance Commissioner Scott Lakin. “While these storms will not set records …
Standard & Poor’s has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Markel Corp.’s U.S. insurance subsidiaries and its ‘BBB-‘ counterparty credit and financial strength ratings on Markel International Insurance Co. Ltd. and then withdrew the ratings at …
