Losses from golf-ball-sized hail in Pueblo and Colorado Springs, Colo., in August has been tallied at $60 million, making it the state’s costliest hail storm in three years. The Rocky Mountain Insurance Information Association said insurance companies expect claims from …
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 — the agency business and the direct business. The company said …
Massachusetts Insurance Commissioner Nonnie Burnes says four insurers not now writing auto insurance in the state have said they might enter if her plan to allow competitive pricing goes forward. Burnes is not naming the companies but when asked if …
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 ruled that …
The president of Progressive Insurance Co. issued a written apology regarding some over-zealous claims investigators in Georgia. The Atlanta Journal-Constitution reported about an investigation in 2005 in which two private investigators posing as a couple entered a private support group …
The Reinsurance Association of America (RAA), a group of 22 U. S. property and casualty reinsurers, reported writing $12.2 billion of net premiums during the six-months ended June 30, 2007, a decrease of $7.5 million from the same period in …
Workers’ compensation rates in New York State should be determined by more competition among insurance carriers, instead of through the current rating board that now proposes these rates, Insurance Superintendent Eric Dinallo has recommended. While Dinallo recommended that the current …
A preliminary report from the federal government found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At the same time, the Department of Homeland Security …
The owner of a Charleston, S.C., furniture store where nine firefighters died June 18 said he wished he had put sprinklers in the building. But Herb Goldstein said they were expensive and not required when he built the massive Sofa …
The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds or stocks with no direct ties to lenders, according …
