Latest Allied Insurance Headlines
All the headlines from our Allied Insurance Topic Page, ordered by recency.
People
Sep 24 2007 // The Progressive Corp. in Mayfield, Ohio, is consolidating management of its two distribution channels for personal lines. Since 2000, Progressive’s personal lines segment has been organized into two businesses...
Federal appeals court sides with Nationwide in Katrina storm surge case
Sep 24 2007 // A federal appeals court sided with Nationwide Mutual Insurance Co. on Aug. 30 in a key case related to hundreds of lawsuits over damage caused by Hurricane Katrina. The 5th U.S. Circuit Court of Appeals in New Orleans...
News Currents
Sep 24 2007 // The company said the policy’s anti-concurrent causation provision means that if a policyholder has wind coverage but not flood insurance, then the company is not responsible for damage from a combination of wind and...
Business Moves
Sep 24 2007 // Endurance Specialty, ARMTech Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reported that one of its U.S. based holding companies is buying out ARMtech...
State Auto Mutual Elects Jacobs Assistant Vice President
Sep 5 2007 // Columbus, Ohio-based State Automobile Mutual Insurance Co. recently announced that Lewis Center resident Rubesh Jacobs has been been elected assistant vice president by the board of directors. Jacobs recently joined State...
Federal Court Upholds Nationwide in Katrina Storm Surge Case
Sep 4 2007 // A federal appeals court sided with Nationwide Mutual Insurance Co. last Thursday in a key Mississippi case related to hundreds of lawsuits over damage caused by Hurricane Katrina. The 5th U.S. Circuit Court of Appeals in...
Nationwide Dropping 40,000 Policies in Florida
Aug 30 2007 // Nationwide Insurance said this week it will reduce its catastrophe exposure in Florida by dropping more than 40,000 homeowner and commercial property policies. Nationwide will not renew about 39,000 homeowner policies and...
Ohio Court Ruling Could Impact Auto Damage Claims
Aug 27 2007 // An Ohio couple whose vehicle was wrecked are entitled to more than just the money it will cost to repair it, according to a state appeals court ruling that found the couple also should be compensated because the accident...
Ratings Recap: Park, Fidelity National, Nationwide Mutual, Universal American
Aug 22 2007 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to Park Assurance Company of Burlington, VT with a stable outlook....
Best Downgrades Nationwide (Florida) Ratings to ‘B’ – Negative Outlook
Aug 15 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to “B-” (Fair) from “B” (Fair) and the issuer credit rating (ICR) to “bb-” from “bb” of Nationwide Insurance...
Federal Appeals Courts to Hear Key Mississippi Katrina Insurance Case
Aug 7 2007 // A federal appeals court is poised to review a judge’s verdict last year in the first trial among hundreds of lawsuits that Mississippi homeowners filed against insurance companies in Hurricane Katrina’s...
Ark. Traffic Deaths Rise as Nationwide Average Drops in 2006
Jul 31 2007 // Deaths from traffic crashes in Arkansas slightly increased last year, as the nationwide average dropped, new federal statistics show. The National Highway and Traffic Safety Administration recorded 665 fatal crashes in...
News Currents
Jul 23 2007 // Federal court to hear Nationwide’s Miss. storm surge appeal A federal appeals court has set Aug. 6 as the date to hear arguments on whether Nationwide Mutual Insurance Co. should be forced to cover storm surge damage...
Nationwide Settles 10 Katrina Lawsuits in Mississippi
Jul 19 2007 // Nationwide Mutual Insurance Co. has settled 10 lawsuits filed by Mississippi homeowners in a dispute over damage from Hurricane Katrina. The settlement was announced Monday by Biloxi attorney Jack Denton. Two weeks ago,...
Federal Court to Hear Nationwide’s Miss. Katrina Storm Surge Appeal
Jul 6 2007 // A federal appeals court has set Aug. 6 as the date to hear arguments on whether Nationwide Mutual Insurance Co. should be forced to cover storm surge damage to a Mississippi’s couple’s home from Hurricane...
Burns & Wilcox Offers Medical Professions Coverage Nationwide
Jul 2 2007 // Specialty insurance broker Burns & Wilcox announced it has access to specified medical professions products offered by Shand Morahan & Co. Inc. and Colony Insurance Co. The markets can be written with combined...
Nationwide Adds $25 Million to Miss. Slab Claim Reevaluations
Jun 28 2007 // The Nationwide Insurance Companies, who agreed to voluntarily reevaluate Hurricane Katrina slab cases in April, have paid an additional $25 million in claims payments since the reevaluation process began, according to...
Nationwide and Germania Donate to Texas Arson Hotline
May 29 2007 // Two insurers, Nationwide and Germania, have made donations to the Texas Arson Hotline, the Insurance Council of Texas reported. Each donated $1,000. The Arson Hotline has been responsible for more than two dozen arrests on...
Ratings Roundup: Nationwide Notes
May 25 2007 // A.M. Best Co. has assigned a debt rating of “bbb” to the $400 million 6.75 percent fixed-to-floating rate junior subordinated notes issued by Nationwide Financial Services, Inc. The notes have a scheduled...
U.S. Grand Jury Subpoenas Allstate, Nationwide over Katrina Claims
May 21 2007 // Allstate Corp. and Nationwide Mutual Insurance Co. have been subpoenaed by a federal grand jury investigating the insurance industry’s handling of Hurricane Katrina claims in Mississippi, the companies...
