State Farm Mutual Automobile Insurance Co.’s recent announcement that it will cut Louisiana auto insurance premiums by 2.1 percent in February is proof that the flex band law passed two years ago is effective, according to the Property Casualty Insurers …
On Jan. 26, 2005, the Texas Department of Insurance will hold a public hearing on proposed additional increases to the limits of liability for certain Texas Windstorm Insurance Association windstorm and hail insurance policies (Docket No. 2610). The hearing will …
Halliburton announced on Tuesday that the company has completed the funding of the asbestos and silica settlements for its subsidiaries that had filed chapter 11 proceedings. Halliburton paid today the final cash installment of the $2.775 billion used to fund …
Cunningham Lindsey U.S. Inc. (CLUS), headquartered in Dallas, announced the addition of Darryl McDonald as vice president and regional manager. McDonald will be based in Dallas with full operational responsibility for a multi-state, South Central Region. He joins the firm …
Freshman Oklahoma lawmaker, State Rep. Ryan McMullen, D-Burns Flat, recently filed several proposals addressing workers’ compensation reform in that state. McMullen announced the introduction of three bills he believes will significantly reduce the cost of workers’ compensation insurance. McMullen is …
Massachusetts trial lawyer Robert Bonsignore is prepared to file a class action suit in U.S. District Court today in Boston accusing insurance broker Marsh and several insurers of price-fixing and consumer fraud. Bonsignore said his suit would target Ace Insurance …
Pennsylvania residents, businesses and municipalities received about $140 million in federal aid to help them recover from flood damage caused by remnants of Hurricanes Frances and Ivan last year. Of that, the Federal Emergency Management Agency gave about $80.8 million …
Guy Carpenter & Company Inc., Marsh & McLennan’s reinsurance specialist, has released its comprehensive Marine & Energy Reinsurance Review Report 2005, which identifies key influences driving decision-making in the marine and energy reinsurance marketplace. “The 2005 report highlights issues regarding …
A month after the devastating tsunamis struck Southeast Asia the death toll continues to rise. The latest figures from Indonesia’s Health Minister Fadilah Supari, as reported by the BBC, now estimate that at least 220,000 people perished on the island …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur Group (Winterthur). Best also said it has assigned an issuer credit …
