Farmers Insurance has refunded $1.4 million to thousands of California homeowners and agreed to pay $2 million in penalties to settle complaints that the company overcharged policyholders, officials said. The settlement came after a California Department of Insurance (DOI) investigation …
As Florida insurance agents adjust to serious competition from the public sector, the Florida Association of Independent Agents has established a new staff position to act as a liaison between agents and state-backed Citizens Property Insurance Corp. Jeff Grady, president …
Total insured losses estimated at around $500M Hurricane Humberto, a category 1 hurricane that formed quickly off the coast of Texas, plowed into the southeast corner of the state on Sept. 13 bringing with it heavy rains and 80 miles …
Montana legislative analysts agreed that more money is needed to fight fires in Montana but called the state’s current system for funding wildfire suppression “convoluted” and raised concerns about some of Gov. Brian Schweitzer’s special session requests. The governor called …
FAIA President Jeff Grady said the attitude in Tallahassee toward the insurance industry, particularly since Gov. Charlie Crist took office and the special legislative session completed its work in January, has turned from professional to hostile. “I feel like when …
In its initial assessment of workers’ compensation carriers and providers, the Texas Department of Insurance Division of Workers’ Compensation found that 32 of the insurance carriers reviewed were high performers. The insurance carriers in the initial assessment included 89 commercial …
The California Department of Insurance has announced that Chubb Group of Insurance Companies is implementing a 18.4 percent homeowners insurance rate reduction that is expected to save Californians approximately $14.5 million annually. Chubb has more than 18,000 policyholders throughout California; …
From “Happy Days” to “The Perfect Storm” is how one Florida insurance executive describes her state’s defining years between 2003 and 2007 — and she isn’t talking just about the hurricanes. Susan Straker, president of Coral Insurance Co., cited the …
An auto policy’s uninsured motorist coverage is triggered for a motorcyclist killed by a hit-and-run driver after being thrown onto the roadway from his bike, which was not insured, according to the New Hampshire Supreme Court. The victim’s auto insurer, …
Oral arguments in a lawsuit over whether an insurance company must pay for damage from the failure of levees in New Orleans after Hurricane Katrina were heard by Louisiana’s 4th Circuit Court of Appeal on Sept. 12. In Joseph Sher …
