Unitrin Inc., headquartered in Chicago, announced that pret-tax catastrophe losses due to several, severe tornados and other storms during April would likely come in at an estimated $65 million and $75 million. The company said amounts recoverable through reinsurance are …
State Auto Financial Corp., based in Columbus, Ohio, has elected Timothy (Tim) G. Reik a vice president following his appointment as director of Risk Evaluation and Design (RED) Operations. Reik was also elected vice president at State Automobile Mutual Insurance …
Agriculture and Forestry Commissioner Mike Strain D.V.M., said the United States Department of Agriculture (USDA) has guaranteed that Morganza Spillway farmers whose crops have been damaged by flooding caused by the Mississippi River will be eligible for crop insurance payments …
North Dakota Farmers Union is seeking a 10-day extension on the crop insurance planting deadline for some crops. Farmers see reduced insurance coverage if they don’t meet deadlines for planting their crops. Farmers Union President Robert Carlson says that due …
The Oklahoma Insurance Department (OID) is changing its database systems to State Based Systems (SBS) during the month of June 2011. In order to prepare and complete the implementation, electronic services will have temporary downtime beginning May 27. The department …
In a bid to capture more business from customers who shop online, giant Allstate Corp. has agreed to pay $1 billion to buy two popular online insurance sellers — Esurance and the associated site, Answer Financial. Allstate will pay a …
Hub International Limited (Hub) announced that Tina Wrotenbery has joined Hub International Rigg (Hub Rigg) as a senior employee benefits consultant. Wrotenbery will move into Hub’s existing offices in Houston and will report to Charlie Reynolds, president, Employee Benefits Division, …
Indianapolis-based insurance industry lender Oak Street Funding has hired Carissa Newton as director of marketing and has promoted two other sales executives. Bill Nicholson has been named sales director and Chris McAtee has been named sales manager. Newton, who will …
Sixty-eight percent of adults oppose local governments charging accident response fees to individuals involved in traffic accidents, according to a new insurance industry survey. The Insurance Research Council (IRC) survey found that requiring insurance companies, rather than the individuals involved …
Benjamin M. Lawsky has been nominated as superintendent of New York’s Department of Financial Services, the combined regulator of insurance, banking and related businesses in the Empire State. The new department — the combination of the Banking Department and State …
