After nine years and more than $32 million, the clean up of Ohio’s largest tire fire has been completed. Ohio Environmental Protection Agency spokeswoman Dina Pierce says nothing remains of the millions of scrap tires that once populated the Kirby …
As insurers and other interested parties criticized a Florida property insurance bill that passed through the state Senate this week on a 32-7 vote, Florida’s insurance commissioner lauded the action. Sponsored by state Sen. Jeff Atwater, R-North Palm Beach, the …
The California Earthquake Authority (CEA) announced today it will begin using a newly released, uniform scientific method in determining insurance rates and the most accurate prices for consumers. Partially funded by the CEA, the new Uniform California Earthquake Rupture Forecast …
Legislation designed to modernize the federal Liability Risk Retention Act (LRRA) of 1986 was introduced into Congress yesterday. H.R. 5792, or the “Increasing Insurance Coverage Options for Consumers Act of 2008,” would allow risk retention groups (RRGs) to write property …
Reno, Nev.-based Employers Holdings Inc. filed a definitive proxy statement with the U. S. Securities and Exchange Commission. The filing provides official notification to company’s shareholders of matters to be brought to a vote before them at the annual meeting, …
After deliberating for three hours, a jury in California has denied an insurance claim because the property damaged was exaggerated, according to the law firm MacGregor & Berthel. Reddy v. Allstate Insurance Co. involved a claim resulting from the Feb. …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B-‘ (Fair) from ‘B’ (Fair) and issuer credit rating (ICR) to “bb-” from “bb+” of Interstate Auto Insurance Company, Inc. of Baltimore, MD, and has revised the outlook to …
Wells Fargo Insurance Services announced today that it has named Holly Shopoff as vice president of Motorsports Race Team Programs. She will be based in the Houston office. In her new role, Shopoff will be responsible for all facets of …
Los Angeles-based Mercury General Corp. (NYSE:MCY) will release its financial resuts for the first quarter ended March 31, 2008, on May 5, 2008. The company will host an investor conference call and Webcast that day at 10 a.m. PST to …
The Professional INsurance Agents Association of Ohio (PIA) recently testified before the Ohio House Insurance Committee in support of a resolution for Ohio to formally oppose any “new layers of needless federal bureaucracy to insurance regulation.” Representing the Professional Insurance …
