Mercury General Corp. reported on Monday that net income in the first quarter rose to $73.4 million from $58.2 million during the same time last year due to lower loss expenses and gains on investments. Income rose to $1.34 per …
A.M. Best Co. has downgraded the financial strength rating to ‘C+’ (Marginal) from ‘C++’ (Marginal) and issuer credit rating to “b-” from “b” of Baltimore-based Interstate Auto Insurance Company, Inc., and has assigned a negative outlook to both ratings. The …
A heightened focus on insurance regulation as well as exposures related to reputational risk are top concerns for insurance executives today, reports a new survey. Nearly a third of executives responding to a survey conducted by Lloyd’s at the recent …
The Missouri House passed two pieces of business legislation aimed at overcoming vetoes by Democratic Gov. Jay Nixon earlier this year. Both measures now go to the Senate, which approved similar measures earlier in the legislative session. The Republican-controlled House …
A company that makes “Girls Gone Wild” DVDs is seeking to overturn a verdict awarding nearly $6 million to a St. Louis-area woman who claims her bare breasts were recorded without permission. St. Louis Circuit Judge John Garvey sided with …
The McGowan Companies (McGowan), based in Fairview Park, Ohio, purchased the assets of Allied Insurance Brokers Inc. (Allied). Allied, which is headquartered in Marriottsville, Md., will begin operating under the “McGowan Program Administrators” brand, effective immediately. Founded in 1996, Allied …
A new report says 58 Massachusetts workers were killed on the job in 2011, at an average of 1.1 worker death each week. The report, titled “Dying for Work in Massachusetts,” was published last week by the Massachusetts AFL-CIO and …
Gov. Mary Fallin says the U.S. Small Business Administration has approved disaster assistance for Woodward County following a deadly tornado outbreak. Fallin said that the SBA will provide low-interest disaster loans for renters, homeowners, business owners and private, non-profit organizations …
Louisiana senators refused on April 26 to repeal a law that bans employers from discriminating against smokers, after opponents said the change could lead to widespread firings. More than 20 years ago, legislators passed a law protecting smokers from workplace …
U.S. Sen. David Vitter is pushing for a long-term extension of the National Flood Insurance Program. The Louisiana Republican wants to stop extending the program with short-term extensions. The insurance program, which provides help for people who are flooded, hasn’t …
