Bermuda-based ACE Ltd. reported the following guidance for the ACE Group of Companies for the full year 2006: * Property & Casualty net earned premium growth is expected to average 6% to 8% for the full year. Earned premium growth …
Massachusetts Insurance Commissioner Julianne M. Bowler announced that 2006 private passenger auto insurance rates will be cut an average 8.7% staewide next year. The new rate takes effect January 1 and translates to an average decrease of $95.14 per vehicle …
The free blue plastic sheeting installed on 78,700 hurricane-damaged roofs in Louisiana carries only a 30-day warranty, according to the U.S. Army Corps of Engineers (USACE). Operation Blue Roof provides sheeting to residential structures, schools, daycares, public facilities and, in …
Texas Mutual Insurance Company announced a $1,294,675 group dividend to the Texas Restaurant Association (TRA). TRA has received more than $2.7 million in Texas Mutual group dividends since 2002. Group dividends are separate from the approximately $50 million in individual …
The Citizens Property Insurance Corp. board of governors has decided to approve higher premium increases that average 45 percent on Florida’s coast and 21 percent inland. The state’s insurer of last resort had already asked for a 17 percent rate …
In a letter to House Speaker Dennis Hastert (R-Ill.), Property Casualty Insurers Association of America (PCI) President and CEO Ernie Csiszar urged congressional support for a proposal by Mississippi Gov. Haley Barbour to provide federal grants to homeowners whose homes …
In an effort to avoid a repeat of Hurricane Katrina’s deadly damage on the levee system in New Orleans, President George W. Bush is asking for another $1.5 billion to help restructure the system. With the 2006 hurricane season predicted …
The California Department of Insurance (CDI) reported its major role in the bust of a major auto theft ring that could potentially have generated more than $420,000 in insurance fraud. The CDI Fraud Division was reportedly a key part of …
The brokerage firm from which a former insurance mogul siphoned millions of dollars was ordered Tuesday by a federal judge to pay a fine of $1.4 million, according to an Associated Press account this week. The politically connected Michael “Mickey” …
New York Gov. George Pataki announced $580,000 in funding to help 22 families replace their homes, which were damaged this past spring by the worst flooding to occur in Ulster County in 50 years. The Governor’s Office for Small Cities …
