The Louisiana Senate has voted to allow the state to continue offering millions in taxpayer dollars to private insurance firms that agree to begin writing homeowners policies along the hurricane-vulnerable coast. Senators approved a bill by Sen. Don Cravins Jr. …
The Gibraltar Group will open an office in Goldthwaite, Texas, on May 5 to serve businesses in Central Texas, the company reported. Warren Blesh, who has more than 25 years of commercial insurance experience, will lead operations in the Goldthwaite …
Fitch Ratings said recently that the ‘BBB’ Issuer Default Rating (IDR) of Louisiana Citizens Property Insurance Corporation and the ‘BBB’ underlying ratings on Citizens’ $978.2 million assessment revenue bonds remain on Rating Watch Negative. They were placed on Rating Watch …
Allstate Corp. said Wednesday that first-quarter net income dropped 77 percent, hurt by write-downs in its investments and larger-than-expected catastrophe losses. The insurer said it had to write down the value of fixed-income securities by $347 million because of turmoil …
The Tennessee Department of Commerce and Insurance announced the state’s locksmith licensing program and said all locksmiths in Tennessee must be licensed by July 1. During the 2007 legislative session, the Tennessee General Assembly postponed the effective date of this …
Travelers Cos. Inc., one of the largest property insurers in the United States, said Thursday that earnings fell 11 percent in the first quarter, as catastrophe losses in the quarter more than doubled and investment income fell. The St. Paul, …
North Carolina officials arrested a Newport, N.C. woman and charged her with one count of embezzlement by an insurance agent, according to Insurance Commissioner Jim Long. Heather Dawn Cagle, 34, who worked as an agent for Chalk & Gibbs insurance …
The ratings of Liberty Mutual Insurance Cos. and its members remain unchanged following yesterday’s announcement that Liberty Mutual Group Inc. (LMGI), through its operating subsidiaries, will be acquiring Safeco Corp., according to A.M. Best Cos. The outlook for Liberty Mutual …
A Wisconsin appeals court has given a major legal victory to the estate of a deceased woman suing for medical malpractice damages. The District 1 Court of Appeals says the estate of Tywanda Luckett can argue that she was able …
The American Academy of Actuaries appointed Grace Hinchman as its new executive director. Hinchman was previously the senior vice president of public affairs and technical activities for Financial Executives International, a professional association of chief financial officers, controllers, treasurers, and …
