Standard & Poor’s Ratings Services has issued a report, noting the 2008 outlook for the North American property/casualty insurance, life, health, and reinsurance sectors are stable due to several years of strong earnings, improved levels of capital adequacy, ample liquidity, …
Winter brings more than just cold temperatures. It also brings an increased flood risk and the Federal Emergency Management Agency (FEMA) is warning residents of Idaho to prepare now — well ahead of rising waters. This year, predictions for La …
Businesses along Interstate 10 between Lafayette and Baton Rouge, La., say they lost numerous potential customers when a gas well blowout forced detours along a 55-mile stretch. The interstate was closed Nov. 15 and reopened Nov. 25. The closure effectively …
Two thousand Texas homes are getting wired into the wind grid with a green donation from Allstate Insurance Company. The insurer announced it will provide enough clean, renewable, wind energy to power the equivalent of 2,000 Texas homes for one …
The Oklahoma Workers’ Compensation Court Administrator announced the Court will hold a public hearing on Dec. 10, 2007, at 1:00 p.m. in the Carousel Room at Metro Technology Center, 1900 Springlake Drive, Oklahoma City. The purpose of the hearing is …
Property insurance rates for 55,000 customers of Louisiana Citizens Property Insurance Corp. will be lowered, after a state insurance regulatory panel approved the decreases on Nov. 26. The average rate decrease statewide for policyholders with Citizens, the state-run insurer of …
Several Massachusetts auto insurers have amended last week’s filings to further lower rates and increase discounts for safe drivers while another revealed its plans for 2008 under the new managed care system. MetLife Auto & Home, one of the top …
Massachusetts Attorney General Martha Coakley is pressing auto insurers in the state to lower their 2008 rates, arguing that their initial filings last week included more than $200 million in extra profits and payments to agents that wouldn’t have been …
Washington Insurance Commissioner Mike Kreidler has fined a New Jersey insurer and its affiliated companies $250,000 for multiple violations of Washington insurance laws discovered during a market conduct examination of the companies. Kreidler levied the fine against Chubb & Son, …
Encino, Calif.-based NAS Insurance Services has a new small business employment practices liability insurance coverage (for companies with 10 full time employees or less) featuring higher commissions. This new EPLI insurance features full prior acts coverage for most risks; punitive …
