Florida insurance regulators today will review proposed rate increases for one of the state’s largest property insurers. Florida Peninsula Insurance Co., ranked seventh largest property insurer, is seeking rate increases ranging from 3.3 percent to 19.5 percent. The Office of …
Not only is Earth’s surface warming, but the troposphere — the lowest level of the atmosphere, where weather occurs — is heating up too, U.S. and British meteorologists reported Monday. In a review of four decades of data on troposphere …
Two Lloyd’s insurers, Beazley plc, which is domiciled in Ireland and Hardy Underwriting, which is domiciled in Bermuda are engaged in a takeover tussle. Beazley, which also has extensive non-Lloyd’s operations, especially in the U.S., submitted a revised offer of …
The National Minority Franchising Initiative (NMFI) has selected Fiesta Auto Insurance as one of its “Top 50 Franchises for Minorities” based on several factors, including company historical performance, brand identification, franchisee satisfaction and percentage of existing franchises that are minority-owned. …
Cincinnati Financial Corp. announced that its lead property casualty insurance subsidiary, The Cincinnati Insurance Co., appointed KPD Insurance Inc. in Springfield, Ore., as the first independent agency in that state to market its business insurance policies and services. Cincinnati Insurance …
Earlier in 2010, Colorado State’s Tropical Meteorology Project forecasted eight hurricanes to emerge from 15 named tropical storms in the Atlantic basin. Of those, four were forecasted to become major hurricanes. On August 29, Tropical Storm Earl was upgraded to …
Private industry workplaces in Texas reported a total of 213,507 nonfatal injuries and illnesses during 2009. The incidence rate of 2.9 cases per 100 equivalent full-time employees is 6 percent lower than in 2008, when the incidence rate was 3.1 …
Nebraska Gov. Dave Heineman has appointed Bruce Ramge of Omaha to serve as the director of the Nebraska Department of Insurance (DOI). He has served as acting director since October 30, and has served as deputy director of the department …
Frances Moore, of Moravian Falls,. N.C., an insurance agent and owner and operator of Fran Moore Allstate Agency, has been charged with 14 counts of insurance fraud, according to officials. Insurance Commissioner Wayne Goodwin and his criminal investigators allege that …
The U.S. property/casualty personal lines insurance industry remains financially sound despite the weak economy and prolonged soft, though improving, pricing environment, Moody’s Investors Service says in its new Industry Scorecard report. “While some companies reported marginal or even negative premium …
