Progressive Insurance is introducing its optional car insurance program in Maryland that offers lower rates on vehicles that are driven in less risky ways. The behavior-based insurance program, called MyRate, gives drivers a customized rate based on how, how much, …
Hurricane Ike spared Louisiana a direct hit, but its winds and waters killed two people as coastal areas were inundated with a storm surge that crawled some 30 miles inland, flooding tens of thousands of homes and making many roads …
A huge relief effort was accelerating in storm-struck Texas Monday as the big oil center of Houston struggled to get back to business after it was battered by Hurricane Ike. About 2,000 people had been rescued from flooded areas in …
Collective Brands Inc. says a federal judge in Oregon has reduced by almost 80 percent a judgment against the company in a trademark infringement case. The Topeka-based shoe maker and retailer, formerly known as Payless ShoeSource, said late Friday, September …
The owner of a Chicago pizzeria has been charged with allegedly hiring a street gang to set fire in 2000 to a building he owned to collect on the insurance. Robert Didiana, owner of the Bacci pizzeria chain, was arrested …
Charlotte, N.C.-based national wholesale insurance broker AmWINS Group, Inc. has named Ben Francavilla its director of Program Development. In this role, Francavilla will be responsible for driving the overall marketing strategy for the company’s underwriting division. The underwriting division is …
The Iroquois Group network of independent property/ casualty insurance agencies is planning to grow in the six New England states. Matt Ward has been named to direct the New England expansion with an expanded management team. Ward has been with …
Shares of American International Group Inc. plunged 53 percent Monday as investors grew increasingly nervous after the insurer, once the world’s most valuable insurer by market value, failed to deliver a rescue plan. AIG, hit by $18 billion in losses …
Independent insurance agents want their property/casualty insurance carriers to provide quality claims service above all else, according to an exclusive survey of agents’ attitudes about the insurers their agencies use. Independent agents named quality claims service as the number-one factor …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “aa” from “a+” of Allianz Global Corporate & Specialty AG (AGCS), and has also upgraded the FSR …
