Insured losses from the storm that spawned tornadoes and large hail over portions of the Dallas Fort Worth area on April 13, have been set at approximately $100 million, the Insurance Council of Texas reported. Twenty thousand homes and nearly …
Ill.-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co. announced it has aqcuired Melton Insurance Associates Inc. of Odessa, Texas. Terms of the transaction were not disclosed. Melton Insurance Associates, founded in 1954, is a retail …
A judge has approved Entergy New Orleans’ acceptance of up to $200 million in federal storm recovery funds and at least $50 million in insurance payments for Hurricane Katrina damage, a key step in the city’s electricity and natural gas …
Farmington, Conn.-based Darwin Professional Underwriters, Inc. reported that net income increased 87 percent to $5.2 million for the first quarter of 2007, while gross premiums rose 24 percent to $74 million during the same period. Highlights for the quarter ending …
A lawmaker from Acadiana has asked Louisiana’s attorney general to determine the constitutionality of Gov. Kathleen Blanco’s plan to grant up to $100 million in state money to private insurance companies. It’s a last-minute request from Rep. Troy Hebert, D-Jeanerette, …
In his opening statement as chair of a U.S. House of Representatives subcommittee considering extension of the Terrorism Risk Insurance Act (TRIA), Rep. Paul E. Kanjorski of Pennsylvania said he believes the act should be extended for a period of …
A new business tax plan detailed this week by the Michigan House Democrats would reward companies that create jobs in Michigan, but could shift more of the burden to those headquartered out of state and insurance companies. The long-awaited House …
Ohio’s new law restricting young drivers is saving some people money on car insurance bills because the companies believe the regulations will lower accident rates. Some insurance companies lowered teen driver rates after the law that restricts the hours teens …
Rockhill Underwriting Management recently named Curt Crozier vice president and director of Property Underwriting. In his new role, Crozier will work closely with Rockhill’s Chief Property Officer to manage and grow the company’s placement of property insurance. As part of …
School bus drivers from across Indiana will compete Saturday, April 28th for top safety honors in the 2007 Indiana School Bus Safety Rodeo. The Rodeo is sponsored for the 13th year by Indiana Insurance, a property/casualty insurer headquartered in Loveland, …
