Recent “near term” hurricane prediction models based on five-year forecasts are being skewered by consumer groups urging state regulators to reject them as a basis for hiking coastal property insurance rates. The Consumer Federation of America and the Center for …
Harvey Insurance Group, an independent insurance broker headquartered in West Chester, Pa., announced that George Scherbak has been named executive sales advisor. He will be responsible for new business development and client relations for commercial and personal accounts. Scherbak comes …
Doug Eden has joined Main Street America Group as senior vice president, field operations. Eden will be a member of the company’s senior management team based at its corporate headquarters in Jacksonville, Fla., and will report to chairman, president and …
A consumer coalition has released a new study that disputes insurers’ contention that the most recent medical malpractice insurance crisis for doctors was caused by rising costs. The study, Stable Losses/Unstable Rates 2007, by Americans for Insurance Reform (AIR) , …
The Louisiana State Police Insurance Fraud and Auto Theft Unit announced the arrest of a former Iberia Parish insurance agent on charges of Insurance Fraud and Forgery. Troopers believe David Sampy, 43, of Sugarhill Drive in New Iberia, altered the …
Acting Pennsylvania Insurance Commissioner Randy Rohrbaugh reacted to the announcement from the boards of Highmark Blue Shield and Independence Blue Cross of their intent to combine their operations, promising to keep consumers in mind while conducting a public review of …
The city of Houston has ordered an estimated 265 residents to move out of an apartment complex by April 1 because of dangerous health and safety conditions. Violations at the Carter’s Grove Apartments included electrical hazards, backed-up sewage, leaky roofs …
A.M. Best Co. has assigned an issuer credit rating (ICR) of “a-” to Merastar Insurance Co. of Chattanooga, Tenn., and placed both the financial strength rating (FSR) of A- (Excellent) and ICR under review with positive implications. The ratings were …
Arkansans will be able to vote on a proposal to issue $575 million in bonds for highway improvements and authorities will be able to track purchases of a key ingredient in methamphetamine under measures signed into law March 27 by …
Some oyster farmers in Louisiana may be using unused leases solely in hopes of collecting damage settlements from oil companies, according to a new report that is sparking tension between the seafood and energy industries. An oyster-industry representative blasted the …
