Pa. insurers: merger won’t harm competition Pennsylvania’s two largest insurance companies have formally asked state regulators to approve a change in control of their subsidiaries that would take effect when the nonprofit companies merge. Independence Blue Cross of Philadelphia and …
Travelers Insurance luring top players to Conn.’s PGA stop When Travelers agreed last year to become the title sponsor of Connecticut’s PGA Tour stop, tournament officials bragged the event would not only be saved, but would be built into one …
Agents advised: fundamental shift in compensation coming Contingent commissions for agents and brokers should be watched by regulators but these profit-sharing arrangements do not necessarily have to be eliminated, according to a leading insurance consumer advocate. “I think they need …
S.D. Appeals Court overturns $27 million insurance verdict A former insurance agent awarded more than $27 million, one of the largest jury verdicts ever in South Dakota, is entitled to nothing a federal appeals court ruled, reversing an earlier decision. …
Spring wildfires, floods wreak havoc from coast to coast Inmates from the Georgia Department of Corrections use Class A foam and rakes Tuesday, May 1, 2007 to extinguish the remains of a fire in Waycross, Ga. As part of a …
Freeing streams of debris could stem flooding in W. Va., other states When streams and rivers throughout West Virginia surged over their banks last week, causing millions of dollars of damage, Garrett Fork in Logan County was virtually alone in …
State Farm has resolved 99 percent of all Katrina-related claims filed by policyholders. Sen. Lott settles Katrina claim with State Farm U.S. Sen. Trent Lott, R – Miss., has agreed to settle the lawsuit he filed against State Farm Fire …
Despite its focus on fiscal matters, Louisiana’s 2007 legislative session, which began April 30, is certain to have plenty of impact on the insurance industry, according to one industry lobbyist. And it’s not necessarily going to be the kind of …
The Las Vegas area has stolen the top spot on the list of auto thefts around the nation, followed by other areas in the West. After three consecutive years as the area with the worst per capita vehicle theft, Modesto, …
Ariz. Governor Napolitano signs captive insurance law Arizona Governor Janet Napolitano has signed HB2294, Captive Insurer Amendments, updating Arizona’s captive insurance law. The amendments will be effective 90 days after the legislative session adjourns. The amendments: •Allow the establishment of …
