Retail insurance agency EPIC (Edgewood Partners Insurance Center ) said it has added Don Atkinson to its risk management consulting practice in its Southeast region, The McCart Group, in Duluth, Georgia. Atkinson brings 29 years of experience in risk management …
Tie-In Sales. The odd evolution of personal lines insurance has now come full circle in many states. Years ago insurance companies limited agents to only writing auto if the agency also placed the insured’s homeowners with them within a reasonable …
Allstate Corp. aims to grow its share of the U.S. home and auto insurance markets without the need for “abnormally large” rate increases, its CEO said, after the company’s profit more than doubled in the fourth quarter. Shares of Allstate, …
North Carolina auto insurers say no rate increase is needed for auto insurance policies in the coming year. Insurance Commissioner Wayne Goodwin said the Department of Insurance has received the annual auto insurance rate filing from the North Carolina Rate …
U.S. senators said they will take up a bill as soon as this week to require inspections and clean-up plans for chemical storage tanks, over the objection of industry, after a West Virginia spill tainted drinking water. Industry representatives at …
A major fraud ring that staged fires and floods at South Florida homes to collect millions of dollars in claims from insurance companies has been broken up with charges against 22 people, authorities said Tuesday. The alleged ringleader, Jorge Fausto …
Citigroup Inc. has agreed to pay $110 million to thousands of homeowners who were forcibly charged expensive property insurance premiums, a court filing showed, as several U.S. banks and insurers were criticized by regulators over such practices. The class-action lawsuit …
Members of the European Parliament on Wednesday voted in favor of three climate and energy targets for 2030, rebuffing a Commission plan for just one fully binding goal. The vote at the European Parliament in Strasbourg, France, has no legal …
Allied World Assurance Company Holdings, AG reported net income of $137.9 million, or $4.01 per diluted share, for the fourth quarter of 2013 compared to a net loss of $41.1 million, or $1.17 per diluted share, for the fourth quarter …
The state versus federal oversight discussion is a “binary debate” that is a relic of a bygone era, the director of the Federal Insurance Office told lawmakers at a Congressional hearing Tuesday. FIO Director Michael McRaith’s assessment came as House …
