September 15, 2008
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, …
September 15, 2008
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 …
September 15, 2008
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 …
September 15, 2008
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 …
September 15, 2008
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 …
September 15, 2008
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 …
September 15, 2008
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 …
September 15, 2008
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 …
September 15, 2008
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 …
September 15, 2008
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 …