Georgia Gov. Sonny Perdue signed a bill that will give automobile insurers the ability to establish rates without the consent of the state’s Insurance Commissioner. Perdue said he signed Senate Bill 276 because he believes the market should be allowed …
Specialty Insurance Managers Inc. CEO Frank R. Berry and President Diana G. Berry are retiring. The Austin, Texas-based managing general agency chose to perpetuate by passing the leadership of the firm to Mike Berry, chairman and CEO; Sherri Hendricks, president; …
The U.S. property/casualty industry’s first standardized program for insuring small, privately owned watercraft is undergoing a comprehensive revision. Wheaton, Ill.-based the American Association of Insurance Services (AAIS) recently announced it is initiating a countrywide filing of revised policy forms, manual …
Insured losses from severe storms on April 17 that hammered areas west of Fort Worth, Texas, with softball size hail now exceed $200 million, the Insurance Council of Texas reported. An estimated 33,000 homeowner claims and 21,000 automobile claims have …
State and federal officials toured Picher, Okla., which was ravaged by a tornado on May 10, and essentially drilled the final nail into its coffin. Any financial aid sent to the 800-person community, they said, will only help people relocate, …
Brightway Insurance of Jacksonville, Fla., recently acquired Mathis Insurance of Amelia Island, Fla. The acquisition tops off a year of expansion, during which Brightway added 10 new offices in seven cities throughout Florida. Michael Tarzia will manage the new full …
State officials say the Federal Emergency Management Agency will provide nearly $5 million to rebuild the school in the town of Northwood after a tornado last August. The announcement came from the state’s congressional delegation and Gov. John Hoeven. Officials …
Wildfires that have gutted at least 40 homes along Florida’s Atlantic coast are believed to have been started by arsonists, but they got help from two classic Florida factors: rampant development and a year-round growing season. Experts said the fires …
Many low- and moderate-income households need more insurance and want to know more about it, according to a recent study by the Federal Reserve Bank of Chicago. Overall, these consumers hold positive views about insurance, and they anticipate using an …
A Mason City soybean company is suing its insurance carrier for not covering damage to a shipment that became infected with Indian meal moths in 2005. Midwestern Soybeans International Inc. filed lawsuit this month in Cerro Gordo County District Court. …
