A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of America says that it uncovered a Geico underwriting …
An insurance broker who took money from elderly investors to cover his gambling addiction was sentenced to nearly three years in prison, a federal prosecutor said. Majid Aziz, 41, pleaded guilty to mail fraud and was sentenced Friday by U.S. …
Springfield, Ill. Mayor Tim Davlin said the damage caused to private property during a recent violent storm that generated a pair of tornadoes could top $100 million. . The figure stems from an informal report collected from insurance companies, according …
Despite a short, 60-day session and the House having a tight 51-49 split, the recently completed session of the Indiana General Assembly ended on a high note for insurers, according to the American Insurance Association. “An election year and short …
A former Ohio funeral home director has been charged with 43 counts accusing him of stealing up to $200,000 from clients who paid ahead for their funerals, Logan County officials said. Mark Van Horn, 55, of Bellefontaine, was arrested Friday …
About 200 friends and neighbors hugged and cried at a memorial service on Sunday for those who were washed away when a Kauai, Hawaii, dam burst last week. Mourners, mostly from Kilauea and other towns on Kauai’s north shore, gathered …
Standard & Poor’s Ratings Services said that its criteria for measuring catastrophe risk for primary insurers will be revised early in the second quarter of this year. (For reinsurers, there are no current plans to further revise these criteria, which …
Travelers personal lines, a member of St. Paul Travelers, has announced it now offers its 10 percent discount on auto insurance for hybrid drivers in Alabama, Mississippi, Nevada, Kansas, Tennessee and South Carolina. Travelers launched its discount for hybrid owners …
A recent survey conducted by California Small Business, San Francisco, found that most small businesses are still very concerned about workers’ compensation. In the survey, 83 percent of the respondents consider workers’ compensation a top or high priority issue for …
The Santa Fe, N.M., bank that acts as a depository for the state Insurance Division has been a generous contributor to an organization founded by the state insurance superintendent. The Albuquerque Journal reported in a copyright story Sunday that Century …
