Ten current and former homeowners in a Charles Town, W.Va. subdivision are suing a builder and subcontractors, claiming the company failed to install functional radon removal systems. In one instance, the homeowners contend the builder installed fake pipes to fool …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Chicago-based Old Republic Insurance (formerly known as Old Republic Group) and its members and Bituminous Insurance Companies of Rock …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of The American Road Insurance Company (TARIC), but with negative outlooks. “The ratings reflect TARIC’s excellent capitalization level, history of positive operating …
Man’s best friend is sinking its teeth into homeowners insurance costs. Dog bites now account for one-third of all homeowners insurance liability claims, costing $356.2 million in 2007, up 10.5 percent from the previous year, according to the Insurance Information …
The Insurance Services Office (ISO) recently released estimated damages for Iowa since it was hit in May by devasting tornadoes and widespread flooding. ISO estimates that tornadoes and floods that have struck Iowa since May 25 have caused $235 million …
Federal crop insurance officials say they will allow additional time, until Aug 15, 2008, for submitting acreage reports for all 2008 crop year spring-seeded acreage in areas impacted by flooding and extreme weather conditions. This additional time applies to spring-seeded …
The newly formed Consortium to Combat Medical Fraud, a joint project of the Coalition Against Insurance Fraud, the National Health Care Anti-Fraud Association and the National Insurance Crime Bureau, along with participation from the Federal Bureau of Investigation and Department …
San Diego-based ICW Group, a group of insurers, announced a new program homeowner’s associations and multi-family condos that provides expanded coverage for buildings of wood frame construction built after 1975. The new difference in conditions (DIC) program is exclusively being …
Arrowhead General Insurance Agency Inc. of San Diego is offering motorcycle coverage in Arizona, California, Nevada and Texas. Competitive rates are available for Harley’s, sport, tour and street motorcycles for young and mature riders. Six- and 12-month policy options are …
Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency relations than their national competitors in the view of independent agents. Regional insurers also beat out national insurers when it comes to …
