The Texas Department of Insurance said on Mar. 9, 2007, it will require homeowner insurance carriers to file and justify their current rates in the coming months. The department said 2006 loss ratios, recent changes in the Texas market, and …
A state district court has affirmed an order by the Texas insurance commissioner to make Allstate Texas Lloyds reduce homeowners insurance rates by 5 percent and refund policyholders more than $56 million, the Texas Depart-ment of Insurance said March 13. …
That jacket makes you look 20 pounds lighter!” “This car is the best one on the lot.” “This house needs no work at all.” Sales pitches such as these can be heard every day. However, such ploys likely do little …
American Family Mutual Insurance Co. was ordered to pay $17 million as part of a class-action lawsuit over aftermarket vehicle parts in Missouri. Following a 3 1/2-week trial, a Jackson County jury found American Family wrongly paid auto damage claims …
Auto No Fault “This bill would benefit a small group of citizens and a large group of attorneys, while driving up the costs for many.” Rep. Fulton Sheen, a Republican from Plainwell commenting on a bill that would change who …
207,492 The FBI’s 2006 annual report just issued by its Internet Crime Complaint Center (IC3), shows how criminals have used the ‘Net to launch nine different varieties of fraud. Among the highlights from the report: During 2006, consumers filed 207,492 …
A missing compact disc containing unprotected personal data for 75,000 Empire Blue Cross Blue Shield members was recovered four days after the insurer began warning customers about potential privacy violations. The disc, which had been missing since January, was found …
The McCarran-Ferguson Act enacted in 1945 provides for the continued regulation of insurance by the states and a narrow exemption from the general federal antitrust laws. The exemption is limited to activities that constitute the “business of insurance,” are “regulated …
Motorcycle Program Nuts & Bolts: Arrowhead General Insurance Agency Inc.’s Personal Lines Division has expanded its motorcycle program to Pennsylvania. Coverage is being provided by a carrier rated “A-” by A.M. Best. Coverages range from $15,000/$30,000 to $100,000/$300,000. There is …
Products from cloned animals, such as milk and meat, may be safe to eat, but that doesn’t mean there aren’t insurance risks. The problem is that it’s somewhat too soon to tell what claims could arise, and potentially no coverages …
