94% The number out of 100 property/casualty company CEOs surveyed by the Insurance Information Institute who believe the worst of the financial crisis is over and that the new year will bring improved profitability. By line of insurance, 59 percent …
$21 Million A federal appeals court rejected a $21 million settlement of Hurricane Katrina damage claims that some insureds complained was unfair, and that one group said would have entitled homeowners and businesses to as little as $40 each. U.S. …
$2 Million Estimated damage caused to a D.C. school by a roofing crew’s improper use of a blow torch. The school — which happened to be closed that day — sustained serious smoke and water damage and students are being …
3.7% Idaho workers’ compensation insurance rates will be increasing an average of 3.7 percent in 2011, according to the state Department of Insurance. The average rate increase is based on National Council on Compensation Insurance recommendations. The state said rates …
20 The number of states fighting the new federal health care law in a case heard by U.S. District Judge Roger Vinson in Florida last month. The states argue that the law violates people’s rights by forcing them to buy …
$65 Million The state of Oklahoma has collected at least $65 million in the past five years by selling personal information from motor vehicle records, according to newspaper reports. Among the biggest buyers are clearinghouses that sell the information to …
14% The Michigan Catastrophic Claims Association assessment to insurance companies will go up by 14 percent on July 1, from $124.89 to $143.09 per insured vehicle. The new rate is effective July 1, 2010, to June 30, 2011. The fund …
13% The latest report from the National Insurance Crime Bureau (NICB) shows that motorcycle thefts declined by 13 percent in 2009, continuing a downward trend in thefts. A total of 56,093 motorcycles were reported stolen to law enforcement in 2009, …
$4.8 Million Salary paid to ex-CEO Ramani Ayer of The Hartford for his final 10 months as chairman and chief executive of the insurer last year, according to an Associated Press analysis. Liam McGee, who took over for Ayer at …
$1 Million Amount refunded to 1,227 New York policy holders of auto insurer Clarendon National Insurance Co., following a market conduct exam by state regulators. The state says the company overcharged customers when it gave a 30 percent rate hike. …
