Allstate has been granted more time by Louisiana officials to gather data about the number of homeowners whose wind and hail coverage was dropped on technicalities. Warren Byrd, the state insurance department’s executive counsel, said Allstate asked for an extension …
ASI Lloyds (ASI), of St. Petersburg, Fla., announced plans to enter the personal property insurance market in Louisiana. ASI was recently a recipient of the Insure Louisiana Incentive program sponsored by the state. ASI plans to begin writing new homeowners …
Should disaster strike and chaos ensue, Nebraskans could be forced to give up their guns, under current law. That’s what happened in New Orleans, when police seized guns after Hurricane Katrina walloped the city in 2005. But a state lawmaker …
A man who admitted setting fires that caused an estimated $500,000 damage has been found not guilty by reason of mental disease or defect after a defense expert said he suffered from pyromania. Bayfield County Circuit Judge John Anderson found …
Massachusetts Attorney General Martha Coakley has lost another skirmish in the battle over regulation of 2008 auto insurance rates. Insurance Commissioner Nonnie Burnes has upheld the rate filing of Hanover Insurance, which proposed an overall rate decrease of 8.1 percent. …
In a 5-4 decision, the Alabama Supreme Court reversed direction and allowed lawsuits from workers who become ill many years after being exposed to dangerous chemicals. The majority said the two-year statute of limitations for filing suit begins to run …
The state’s new insurance commissioner says Mississippi Gulf Coast residents can expect an insurance rate increase this year. Commissioner Mike Chaney spoke Monday at the opening of the Insurance Department’s coast office in Gulfport, Miss. Chaney, who took office this …
A federal judge refused to let Mississippi jurors consider punitive damages against an insurance company after they handed down a verdict Monday that favored the insurer in a dispute with policyholders over Hurricane Katrina damage. At the end of a …
The Bermuda-based Everest Re Group, Ltd. will release its Fourth Quarter 2007 earnings after the close of trading on the NYSE today, January 30, 2008. The Company will hold a conference call discussing the results at 8:30 a.m. Eastern Time …
The ongoing crisis at the second largest French bank, Société Générale, has prompted Lloyd’s to remind the financial community of some unfortunate facts. The bank lost €4.9 billion, or $7.25 billion, after it was forced to close out positions taken …
