A new appellate court ruling says Arizona cities aren’t legally on the hook for accidents involving street intersections still under state control. The Court of Appeals ruling came in a lawsuit filed by a woman injured in a collision at …
The Supreme Court handed a victory to Medtronic Inc., ruling that patients cannot sue medical-device manufacturers in state court over harm from a device that has approval from federal regulators. By an 8-1 vote, the court ruled a 1976 law …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa” of the Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group (collectively known as Progressive) and their …
A federal appeals court has overturned a $500 million settlement reached two years ago by The Travelers. Cos. Inc., a move that could open the company to potential new lawsuits. Travelers said it is evaluating the ruling by the Second …
The U.S. Supreme Court has declined to hear a case brought by New Orleans property owners who argued their Hurricane Katrina flood damage should be covered despite insurance policy exclusions because the flooding was caused by the failure of the …
Wells Fargo Insurance Services’ ABD Insurance and Financial Services division, a provider of global risk management and employee benefits solutions, announces the addition of two sales executives to the company’s Transportation Services Division in Torrance, Calif. Michael Fitzpatrick and Scott …
Minneapolis-based Western National Insurance Group recently announced their full year financial results through Dec. 31, 2007. These results reflect the pooled financial results of all companies in the group. Significant comparative financial measures include: • Total Assets – grew from …
A new ruling by the New York Court of Appeals could open the door for breach of contract suits against commercial property insurers – a move two dissenting judges warned could raise the price of insurance for everyone in the …
Florida Insurance Commissioner Kevin McCarty has ordered six workers’ compensation insurance companies to return $4.2 million in what his agency says are excessive profits to their policyholders. By law, workers’ compensation insurers operating in Florida are required to return profits …
The New Hampshire Insurance Department has a newly-designed Web site that promises easier navigation and offers an expanded price comparison service for consumers called the New Hampshire Rate Resource. Now, consumers can compare auto and homeowner premium rate scenarios from …
