A new captain has taken the wheel at Drive Insurance, the independent agency division of the Ohio-based Progressive Corporation, with the recent appointment of John A. Barbagallo as the president. Barbagallo is no stranger to how Progressive runs its operations. …
A new era demands new approaches including a federal charter and a national plan for addressing disaster insurance issues As the most expensive natural disaster in U.S. history, Hurricane Katrina raised serious questions about the capacity of today’s insurance industry …
When it comes to life in America, our homes, like our cars, will never go out of favor. New home building and older home remodeling and fix-ups have become a mainstay of the American economy, especially at the high end. …
California is considering imposing a law that would require drivers to keep both hands on the steering wheel — not on their cell phones — while driving. Sen. Joe Simitian, D-Palo Alto, introduced a measure to ban the use of …
California earthquake insurance policies issued by the California Earthquake Authority will see rate decreases by an average of 22.1 percent. Approximately 85 percent of CEA policyholders will see their rates reduced beginning July 1, 2006, while 15 percent will see …
Congress opened debate on the insurance industry’s exemption from federal antitrust laws, with some larger insurers indicating a willingness to relinquish the exemption in exchange for regulatory reform that would free them from state regulation. Yet the industry’s biggest rating …
The Court of Appeals of Oregon has decided that an insurance company’s indemnity obligation to its policyholders is joint and several, not pro-rata, in environmental liability insurance coverage case. In Cacade Corp. v. American Home Assurance Co., the Appeals Court …
The artisan market is filled with small trade contractors with a couple hundred thousand dollars in receipts and relatively small premiums. Yet that has not stopped NationsBuilders Insurance Services from wanting to service the segment. Peter H. Foley, president and …
Former shareholders of Tyco International Ltd., whose former chief executive and chief financial officer were convicted of fraud, have been certified as a class to sue the company and its accounting firm, Pricewaterhouse Coopers. Judge Paul Barbadoro made the ruling …
GAO: The USDA should do more to control fraud in the nation’s crop insurance program Although the U.S. Department of Agriculture’s Risk Management Agency has taken steps to improve its procedures and processes to address fraud, waste and abuse in …
