The Consumer Federation of America (CFA) says that most good drivers — those with no accidents or moving violations — who live in moderate-income areas in 15 cities are being quoted what the group maintains are high auto insurance rates …
Florida’s state-backed homeowners insurer has reached into the private sector for its new president, selecting an experienced insurance executive and consultant. The Citizens Property Insurance Corp. board of governors unanimously selected Barry J. Gilway as president to lead the insurer …
The Facebook initial public offering (IPO) fallout has started and its effects are being felt in the area of directors and officers insurance coverage for future social media IPOs. “D&O underwriters will view social media IPOs differently than other IPOs …
New York’s top court said misrepresentations on insurance forms by the operator of a crane involved in a deadly collapse four years ago could also limit coverage for the developer and builder. The accident killed seven people in Manhattan. Alliance …
State Compensation Insurance Fund has filed its first tiered rating plan with the California Department of Insurance. The plan, which would apply to policies renewing or incepting on or after Sept. 1, is a move to expand State Fund’s range …
Concord, Calif.-based Jenkins Insurance Group named Hale “Chip” Holden III a vice president. Holden’s primary focus will encompass commercial insurance for large corporate accounts. With more than 30 years in the insurance industry, Holden’s background includes experience as a broker, …
Atlas Atlas Financial Holdings Inc. has started selling its core commercial automobile insurance products in Utah, becoming the 31st state where Atlas is actively underwriting. Atlas’ insurance subsidiaries, American Country Insurance Co. and American Service Insurance Co. Inc., distribute their …
The Independent Insurance Agents of Texas (IIAT) elected Patrick Watkins, president of Watkins Insurance Group in Austin, to serve as president for 2012-2013. Beginning Sept. 1, Watkins will be responsible for helping members succeed and working with state leaders to …
Research and investment firm Keefe, Bruyette and Woods reported on June 21 its annual P/C industry reserve review. The report found that the insurers’ reserves continue to decline. And it warned that the positive reserve development that we’ve been seeing …
The National Insurance Crime Bureau reported 2011 is on track for another consecutive year of declining vehicle thefts, but California still dominates the top 10 list for areas highest auto theft rates. Seven of the top 10 areas were in …
