Erie Indemnity Company, the management company for Erie Insurance, reported $36 million net income for its 2013 fourth quarter, up 20 percent from $30 million reported during the prior-year fourth quarter. The full-year 2013 net income was $163 million, up …
Concerned that increased insurance rates caused by new flood zone maps will “tip the balance” for homeowners who weathered the economic downturn but are still feeling its effects, Massachusetts Attorney General Martha Coakley testified Thursday in support of proposed state …
The Texas Department of Insurance is seeking informal comments on a draft rule outlining how a policyholder with the Texas Windstorm Insurance Association may request additional time for filing a claim with TWIA. Insurance Code §2210.205 permits the commissioner to …
Seeking to sidestep a court ruling, the Missouri House endorsed legislation that attempts to reinstate limits on the amount of money people can receive from medical malpractice lawsuits. The bill given initial approval seeks to re-impose a $350,000 cap on …
The author of legislation asking voters to decide whether to fund storm shelters in public schools has failed to get it out of an Oklahoma House committee. Democratic Rep. Joe Dorman of Rush Springs asked the House Rules Committee to …
An additional £500 million [$838 million] has been added to the flood loss estimates from the almost continual storms, some reaching hurricane strength, which have produced widespread flooding to parts of Britain since December. The latest figures indicate that they …
Kansas Senate has approved a bill that increases the state’s limits on some damages in lawsuits but makes other changes in evidence rules. The Senate’s 32-8 vote sends the measure to the House. The bill is partly a response to …
USG Insurance Services Inc., a national wholesaler and MGA, expanded its Arlington, Texas, operations with the addition of Angela Radke as an associate producer/broker. Radke most recently held the position of associate broker at Southwest Risk. She also has served …
Maryland’s Senate advanced a measure on Wednesday that would hold dog owners liable for bites, but protect those who can prove they didn’t know their dog was dangerous. The bill, which could get a vote in the Senate as early …
Two brothers who operated a North Dakota potato farm pleaded not guilty to charges they intentionally spoiled their spud crop after the 2006 harvest in order to collect federal disaster payments. Aaron Johnson, 50, and Derek Johnson, 47, along with …
