DeRidder, La.-based workers’ compensation insurer Amerisafe Inc. reported net income of $6.6 million in the fourth quarter of 2009, an increase of 15 percent over the $5.7 million recorded in the fourth quarter of 2008. Gross premiums written in the …
Catastrophe risk modeling firm AIR Worldwide has estimated that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between €1.5 billion and €3 billion [$2 to $4.1 billion]. The storm struck the Atlantic coast of …
ISU International announced it is giving its “Star Producer” award for 2010 to Mike Stratton of ISU Stratton Agency in Pendleton, Ore. He earned first place among candidates based upon his outstanding prior year sales success. The seven national finalists …
Wal-Mart Stores Inc. will pay more than $11.7 million to settle a gender discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency said. The lawsuit accused the world’s largest retailer of regularly hiring male workers for warehouse …
The U.S. Senate last night passed legislation that includes an extension of the federal flood insurance program until March 28. President Obama has signed the measure. The extension means that the National Flood Insurance Program (NFIP), which has been unable …
State Insurance Commissioner Mike Chaney says Safeco Insurance plans to offer homeowners insurance, including wind coverage, in south Mississippi. Chaney says the company will offer 500 to 1,000 homeowner policies wind coverage beginning in mid-March. Some companies have restricted wind …
The captive insurance market in Missouri has seen explosive growth in the past year, state regulators say, with annual premium for these companies reaching a little more than $1 billion for 2009. By comparison, premium for captives in Missouri in …
The federal government is seeking Medicare reimbursements from lawyers, manufacturers and insurers that were involved in a $300 million settlement over widespread PCB contamination in the east Alabama city of Anniston. A lawsuit filed by the Justice Department against 18 …
The Arizona Senate in an 11-11 vote failed to pass a bill that would have banned texting on a cell phone while driving. If it had passed, SB 1334 would have imposed fines of $50 for from operating a motor …
As American International Group Inc. prepares to shed two big units, it looks set to follow the same path as Citigroup Inc. out from under the U.S. government’s wing. The government is likely to follow an exit strategy similar to …
