A Clearwater-based property insurance company is the latest Florida company to run afoul of Florida insurance regulators. Insurance Commissioner Kevin McCarty ordered Homeowners Choice Property & Casualty Insurance Co. to pay a $10,000 fine within 30 days for violating Florida’s …
Mobile’s fire-rescue chief says a downgrade in fire protection rating is likely to boost insurance premiums the most for homeowners just outside the city limits. Fire-Rescue Chief Steve Dean said that while city residents also could see their premiums rise, …
Lawyers seeking civil damages against Toyota Motor Corp. on behalf of U.S. consumers for diminished resale value of recalled vehicles are broadening their cases to add racketeering claims against the automaker. Using federal racketeering laws to amend the consumer class-action …
The Bermuda Monetary Authority (BMA) has exchanged Letters of Cooperation with the Swiss Financial Market Supervisory Authority (FINMA). The Letters “formally establish the basis for consultation, cooperation and coordination between the Authority and FINMA,” the bulletin explained. “They set the …
XL Capital Ltd’s preliminary net loss estimates for the earthquake in Chile and European Windstorm Xynthia indicated they will total between $160 and $230 million. Preliminary loss estimates related to the Chilean Earthquake, pretax and net of reinsurance and reinstatement …
French reinsurer SCOR Group announced that based on preliminary estimates, it expects its related costs from the earthquake in Chile and Windstorm Xynthia to be approximately €95 million ($130 million) net pre-tax, which “represents approximately 3 percent of the projected …
The California Department of Insurance has launched an official Twitter account, @CDInews. “I am always looking for new ways to reach out to and engage more consumers, and I am glad that we can take advantage of an innovative tool …
Zurich North America has introduced Employed Lawyers Select, a new errors and omissions (E&O) policy that gives in-house counsel coverage against negligence claims. “Without negligence coverage, in-house attorneys could be uninsured against lawsuits arising from any erroneous legal services they …
“While young people continue to march toward almost universal adoption of social applications, the most rapid growth occurred among consumers 35 and older. This means the time to build social marketing applications is now. Interactive marketers should influence social network …
Gartner research shows mobile consumers spent $4.2 billion in 2009 at mobile applications stores, and that figure is expected to jump to $30 billion by 2013, said George Redenbaugh, assistant treasurer and senior director of risk management for eBay. With …
