Well-known Indianapolis racing car driver Ed Carpenter drove a new Vision Indy racing car, sponsored by United Automobile Insurance Group, in the Memorial Day Indianapolis 500 race. Carpenter came in third in the race. United is a North Miami Beach, …
New Jersey’s Supreme Court has unanimously ruled that illegal immigrants injured by uninsured drivers can have medical costs covered by the state’s insurance guaranty fund. The 7-0 decision by New Jersey highest court, which reverses two lower court rulings, came …
Last year wasn’t the busiest year for mergers and acquisitions, but as concerns over various probes of the insurance industry fade, activity is picking up, according to Kevin Donoghue, of Mystic Capital Advisors Group, a mergers and acquisitions specialist. “It’s …
After years of the Gulf and Southeast coasts feeling the brunt of hurricanes, this could be the year when the Northeast gets whacked, warn forecasters, who are worried that the residents north of the Carolinas up into New England may …
The AccuWeather.com Hurricane Center in State College, Pa., led by its chief forecaster, Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the U.S. economy and the one in six …
Residents, business owners and public officials in Massachusetts, New Hampshire and southern Maine faced the daunting task of cleaning up after the worst flooding since the 1930s. The floods came after nearly a week of heavy rains. The flooding hit …
Elements of a property insurance reform bill signed into law May 16 by Florida Governor Jeb Bush could be included and effective in national legislation, according to Len Brevik, executive vice president and CEO of the National Association of Professional …
At last month’s Big “I” National Legislative Conference & Convention, panelists differed over a federal natural disaster backstop: “Allstate supports state pools that aren’t taxpayer funded but are put together by organizations whose welfare depends on good real estate markets,” …
The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good in the industry overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist, told attendees at the …
Connecticut insurance broker R.C. Knox has paid the state $754,804 to settle allegations that it accepted undisclosed compensation from insurance carriers in exchange for placing insurance for the state. Attorney General Richard Blumenthal said R.C. Knox accepted $415,058 in “improper …
