Although many in the insurance industry don’t think they are going up enough, the Texas Windstorm Insurance Association (www.twia.org) is set to raise its rates effective Sept. 1 for new and renewal policies. Commercial rates, including farm and ranch and …
Safeco President and CEO Paula Reynolds announced executive changes made to accelerate the company’s progress toward becoming a low-cost insurance provider with distinctive products and services. Mike Hughes was named executive vice president-Insurance Operations, overseeing profit-and-loss for personal and commercial …
The Federal Emergency Management Agency (FEMA) recently issued new flood maps that require people in many parts of New Orleans to elevate their houses, according to Jeff Albright, CEO of the Independent Insurance Agents of Louisiana. “When you talk of …
American International Group Inc. is sparring again with its former chairman, Maurice “Hank” Greenberg. The company is canceling its agency arrangement with the American International Marine Agency, a subsidiary of the Greenberg-controlled C.V. Starr & Co. Inc., effective Dec. 31. …
St. Paul Travelers Cos. is phasing out the “St. Paul” from its name. “St. Paul” is already gone from the company’s marketing for consumer auto and home insurance, and it will be eliminated from advertising to business customers in the …
Swiss Re, the world’s biggest reinsurer since it completed the acquisition of GE Insurance Solutions, has lost no time in reducing its workforce. In a move it characterized as a “process to capture efficiency gains,” the company announced that it …
A New Jersey jury found in favor of Merck & Co. Inc. earlier this month, rejecting the claims of a patient who blamed her heart attack on nearly three years of Vioxx use. The jury found that Merck acted responsibly …
Former shareholders of Tyco International Ltd., whose former chief executive and chief financial officer were convicted of fraud, have been certified as a class to sue the company and its accounting firm, Pricewaterhouse Coopers. Judge Paul Barbadoro made the ruling …
California is considering imposing a law that would require drivers to keep both hands on the steering wheel — not on their cell phones — while driving. Sen. Joe Simitian, D-Palo Alto, introduced a measure to ban the use of …
A woman who says her facelift was botched by a surgeon with physical problems may not see the doctor’s personal medical records as evidence for her lawsuit, a Manhattan judge has ruled. Geraldine Brower says she believes Dr. George J. …
