Insurance agent Francois Noel, 46, of North Miami, Fla. has been banned from selling insurance in Florida, after he sold a fraudulent certificate of insurance to a woman who was subsequently injured in a car accident. “My heart goes out …
American Financial Group, Inc.’s subsidiary, Great American Financial Resources, Inc., has reached an agreement to sell Chatham Bars Inn, its resort-hotel property located on Cape Cod, Massachusetts, for $166 million. The sale, which is subject to customary closing conditions, is …
Safety Insurance in Boston, Mass. has promoted Bob Kostro to director of claims operations. Kostro joined Safety in 1987 as a claims adjuster trainee. He worked in several claims positions before being promoted in 1992 to claims manager of the …
The National Association of Insurance Commissioners will hold a public hearing on May 11th in Atlanta to consider amendments to the NAIC’s Model Rule Requiring Annual Audited Financial Reports, also known as the Model Audit Rule, according to the organization’s …
Louisiana’s second-largest insurer has received permission to boost homeowners’ rates an average of 20.6 percent for nearly half its customers, while the remainder will see rates rise an average of 9 percent. Hardest-hit will be customers in coastal areas at …
Two judges have ruled that Allstate Insurance charges excessive rates for homeowners insurance and should reduce them. State insurance regulators want the company to reduce its homeowners rates by 10 percent and refund its customers for rates dating to Dec. …
The most dangerous place on the highway is the toll plaza, say federal safety investigators who are urging changes to reduce accidents like one that claimed eight lives in Illinois. Thirty states, including Oklahoma, have toll facilities and 20 have …
The Roman Catholic Church in Boston has paid a total of $150.8 million through June 2005 to settle claims of sex abuse by clergy, with $43.3 million of that paid by insurance companies, according to financial information released by Archbishop …
Tennessee Gov. Phil Bredesen’s proposed health insurance initiative was unanimously approved by a House subcommittee after being amended with a six-year sunset provision. The “Cover Tennessee” proposal is aimed at reducing the state’s uninsured population of more than 600,000 adults …
Shareholders at Munich Re’s Annual General Meeting on Wednesday April 19 were treated to some good news. Proposals by the reinsurer’s Supervisory Board and Board of Management were adopted by large majority of shareholders, setting dividends of €3.10 ($3.826) per …
