Homeowners Choice Inc., a Florida-based homeowners’ insurer, reported a profitable fourth quarter and year 2009. Net income for the fourth quarter of 2009 was $807,000, compared to net income of $5.1 million for the fourth quarter of 2008. Gross premiums …
Aliso Viejo, Calif.-based LaBarre/Oksnee insurance brokers announced that it has promoted Jeff Leane to the newly created vice president of sales position. Leane is charged with leading the development and implementation of sales strategy and growing the company’s sales organization. …
Pittsburgh-based Iroquois Mid-Atlantic has hired Kurt Keller to help the agency network further expand its presence in Western Pennsylvania and West Virginia. Keller served previously as an underwriter for Travelers in Pittsburgh. Before that he worked as an agency producer. …
North Carolina officials report that a Wilson woman has been arrested for allegedly staging a robbery to collect insurance money. Insurance Commissioner Wayne Goodwin announced the arrest of Leslie Michelle Nowell. Department investigators allege that Nowell filed a police report …
Two House subcommittees have scheduled a joint hearing today on ways to address homeowners insurance costs in disaster-prone communities, an issue that has some environmentalists, taxpayer groups and insurers standing together. Testimony at today’s hearing will revisit the Homeowners Defense …
Kinsale Capital Group has formed a Virginia-based E&S insurer, called Kinsale Insurance Co., that will underwrite commercial property/casualty and professional liability E&S lines in 31 states and the District of Columbia. The company said it is applying for eligibility in …
Seven years after South Carolina changed the way it required drivers to prove their eyesight is adequate, the state has failed to establish a system of notifying people when they need to take vision tests or track who has done …
Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review …
Families of eight firefighters killed battling a South Carolina furniture store fire almost three years ago have settled with another group of lawsuit defendants for more than $1.2 million. The June 18, 2007, fire at the Sofa Super Store killed …
Last month’s huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world’s top two reinsurers said, but it looks unlikely to raise reinsurance prices. World leader Munich Re said it expected the …
