New Orleans couple drops suit against Allstate over Katrina damage The first federal trial in New Orleans in the wave of insurance litigation spawned by Hurricane Katrina ended abruptly Feb. 15 when a couple suing Allstate Indemnity Co. dropped their …
FEMA map puts El Paso neighborhoods in flood zone The Federal Emergency Management Agency is preparing a new map of El Paso designating much of the city as a flood plain, a spokeswoman said, which would push thousands of homeowners …
Insurance company run-off management strategies face obstacles The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC) Insurance Restructuring Group. The “US Discontinued Insurance Business Survey” noted that although …
Safeco to cut homeowners, commercial rates across California Seattle-based Safeco announced it will be cutting rates for California homeowners in 2007 by an average of 20 percent. The move is expected to affect some 200,000 Safeco home and business customers …
Agents welcome windstorm debate; insurers warn against subsidies The Independent Insurance Agents and Brokers of America (the Big “I”) says the debate over windstorm coverage is crucial for consumers and independent agents and brokers in many regions around the country. …
Nevada’s med-mal changes help doctors, hinder lawsuits Physicians’ insurance premiums are down and more doctors are coming to Nevada since voters limited damages in medical malpractice cases, lawmakers were told this month. But trial lawyers said many malpractice victims have …
Mass. auto assigned risk plan could be history before it even begins Massachusetts insurance agents have urged the administration of Gov. Deval Patrick to scrap a proposed auto insurance assigned risk plan that the previous administration championed for four years. …
Royal & Sun management buyout approval expected A state hearing officer recommended that Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S. operations. Insurance Commissioner Matt Denn is expected to …
Risky levees in 27 states could trigger flood insurance mandate The Army Corps of Engineers reported that 122 levees from Rhode Island to California are at risk of failing, potentially affecting thousands of people and requiring millions of dollars in …
Levees in 27 states at risk; could trigger flood insurance mandate The Army Corps of Engineers reported recently that 122 levees from Rhode Island to California are at risk of failing, potentially affecting thousands of people and requiring millions of …
