A tornado swept through a small eastern Kansas town, killing one person and destroying at least 20 homes, as severe thunderstorms pelted the region with hail that some residents said was the size of baseballs, authorities said early on May …
More than 400 Oklahoma schools have received notices of expected insurance rate increases averaging 19.5 percent. The notice from the Oklahoma Schools Insurance Group, which provides various types of coverage to 440 of Oklahoma’s 526 school districts, comes after schools …
The Federal Emergency Management Agency said Friday it has provided grants to about 15 percent of the more than 72,000 people who sought assistance after tornadoes killed hundreds across Alabama last month, but twice as many were turned down for …
Michigan officials are warning Detroit-area drivers that they may have unknowingly purchased fraudulent automobile insurance certificates from an entity claiming to be a Michigan-licensed insurance agency named Ethos Insurance. A state insurance department investigation found that Ethos and Don Diamond, …
This week, I was in Plymouth Meeting, Penn., instructing a class on generational differences to some 20 insurance professionals. What a great group of people! There were Baby Boomers, Gen Xers and Gen Yers in the room, representing their age …
Allstate Insurance Corp.’s plan to buy Esurance Insurance Group is being viewed positively by a key ratings analyst. A.M. Best Co. placed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-“of Esurance Insurance Group under review …
A New Jersey insurance broker already charged in a bribery scheme with a former schools superintendent has been indicted on federal election fraud charges. Francis Gartland is accused of scheming with another man to recruit straw donors to funnel money …
New Jersey Gov. Chris Christie has nominated a former federal prosecutor who worked for him at the U.S. Attorney’s Office to investigate state insurance fraud. Ron Chillemi worked for nearly nine years as an assistant U.S. attorney in Camden and …
A court-appointed trustee says the owners of the New York Mets reaped profits from Bernard Madoff’s financial Ponzi scheme even as they shopped for insurance to protect themselves in case the scam collapsed. Trustee Irving Picard says partners in Sterling …
The deadly outbreak of tornadoes in late April, which generated insured losses estimated at as much as $6 billion, is unlikely to have an immediate impact on property/casualty insurers’ Best’s ratings. The ratings agency said that capital remains generally robust, …
