Data released at a May 24 hearing to determine the competitiveness of earthquake insurance coverage in Oklahoma shows that four insurance companies have 55 percent of the market in the state. That’s a concern for Insurance Commissioner John D. Doak, …
A jury has awarded more than $500,000 to a motorcyclist in South Charleston, W. Va., who was injured in a lumber spill wreck. The Charleston Gazette-Mail reports jurors reached the verdict last week in Larry Keeling Jr.’s case. Keeling’s attorney …
American International Group Inc. has launched a new product for the global crowdfunding investment industry. This new insurance product was developed specifically to protect investors on equity crowdfunding platforms against issuer fraud. Crowdfunding platforms enable innovators to fund their ideas …
Madison, Wis.-based American Family Insurance has tapped Derek Jeter – retired New York Yankees shortstop, 14-time All-Star, future Hall of Famer, businessman and philanthropist – as the company’s newest brand ambassador. American Family Insurance said it will partner with Jeter …
Federal prosecutors say six Connecticut residents have been charged with staging car crashes so they could make fraudulent insurance claims. U.S. Attorney Deirdre Daly said Tuesday that five Norwich residents and one New London resident have been indicted by a …
Gov. Mary Fallin is seeking disaster assistance for two Oklahoma counties that were hit hard by tornadoes, severe storms and flooding earlier this month. Fallin sought assistance from the U.S. Small Business Administration for Murray and Garvin counties. Damage assessments …
The state hasn’t tracked insurance companies’ payments of death benefits to Ohio residents to see if they are getting what they are owed since a national probe revealed large insurers were holding onto billions of dollars meant for beneficiaries, according …
Liberty International Underwriters, part of Liberty Mutual Insurance, has launched an Automotive Components Product Recall Policy designed to cover first and third party recall expenses. The policy coverage encompasses critical, noncritical and after-market parts with limits of $5 million primary …
Arkansas Insurance Commissioner Allen Kerr says he expects to deny several recent requests by insurers to raise rates on individual on-exchange health insurance policies by more than 10 percent for 2017. Under the Affordable Care Act, requests for rate increases …
Private insurance companies working for the government’s flood insurance program have made hundreds of millions of dollars at the same time that thousands of homeowners are claiming they have been underpaid for damage caused by Superstorm Sandy, according to a …
