N.M. regulator accused of intervening on daughter’s auto claim New Mexico State Insurance Superintendent Eric Serna intervened in an automobile accident insurance claim involving his daughter, according to documents obtained by a local newspaper, but Serna denies any wrongdoing. “I …
Safeco adds online distribution strategy to sell direct to consumers Seattle-based Safeco Insurance Companies has decided sell products via the Internet to supplement its existing and preferred sale channel of independent agents, the company reported. The company began exploring this …
First quarter financial results upbeat, but some note disaster fallout The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout from last year’s natural disasters. Below are …
Attorney General Lisa Madigan, of Illinois, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal recently announced an $80 million settlement agreement with Bermuda-based holding company ACE Limited, and its U.S.-based insurance subsidiaries. The charges against the …
Tornado ploughs across Tenn., Ky., resulting in thousands of claims In the aftermath of a large F-3 to F-4 tornado, thousands of carriers and insurance agents in northern Tennessee and southern Kentucky are paying thousands of claims. The storm formed …
ACE settles bid-rigging case for $80 million Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal announced an $80 million settlement agreement with Bermuda-based holding company ACE Limited, and its U.S.-based insurance subsidiaries. …
Engineers working toward earthquake-proof structures Sometime in the not-so-distant future, newly constructed buildings will be able to withstand earthquakes of the magnitude that destroyed San Francisco one century ago, scientists say. Working with super-strong materials that can bend, stretch and …
Public regulation commission suspends New Mexico’s superintendent State Insurance Superintendent Eric Serna has been suspended by the Public Regulation Commission on the recommendation of the attorney general, who is investigating the office. Attorney General Patricia Madrid said an “inadequate controls …
Utah city expects $2.5 million fire insurance settlement Ogden, Utah, officials are expecting a $2.5 million insurance settlement for a fire that destroyed a building the city had offered for sale at a fraction of that amount. The cause of …
GEICO settles lawsuit over discount policy Californians who purchased auto policies from GEICO and were denied a discount for not having proof of prior insurance will receive refunds as part of a settlement between the company and a consumer advocate …
