State officials have authorized a private Florida insurer to accept 23,000 policies from the state-owned insurer, Citizens Property Insurance Corp. Homeowners Choice, Inc. said the assumption of these policies represents a 44 percent increase from the 52,000 policies already on …
Rate reviews by the Washington state insurance commissioner’s office have shaved more than $300 million from Washingtonians’ auto and homeowners insurance bills over the past decade. Last week the commissioner’s office reported that it had saved consumers $26 million in …
Low labor and material costs and increased competition for government work drove down prices and allowed more road and bridge construction for less money in Wyoming in 2009, officials say. The Wyoming Department of Transportation used about $160 million in …
A task force of state, regional and federal officials is investigating a string of suspicious weekend fires in Massachusetts, including one in which two people died. At least nine fires were reported early Sunday in houses and cars within a …
A top executive of American International Group Inc. has been granted a $4.3 million pay-package bump by the troubled insurance giant’s majority owner — the U.S. government — because the executive has decided to remain with the company. Kenneth Feinberg, …
Home insurer Magnolia Insurance Co. has been placed under administrative supervision by Florida insurance regulators who said it is in unsound financial shape and its president, H. James Irl, has resigned. The Coconut Grove-based insurer voluntarily agreed to the supervision, …
A Spokane, Wash., man has filed a $500,000 lawsuit against the state of Idaho for injuries he says resulted from a crash caused by potholes on Interstate 90 in northern Idaho. Kasey Crick, 22, filed the lawsuit Dec. 18 after …
A federal judge in Kentucky has given preliminary approval to a settlement between Countrywide Financial Corp., and millions of customers whose detailed financial information was exposed in a security breach. Under the terms of the settlement, Countrywide, now owned by …
Global insurance broker Aon Corp. is taking what it says is its most significant step ever in realigning its brokerage operations to meet its retail clients’ needs for access to insurance markets, risk transfer options and risk management services. The …
The New York State Insurance Department has ordered insurers Homesite Insurance Co. and Security Mutual Insurance Co. to offer to reinstate at total of 260 homeowners’ policies across the state. Regulators say the insurers improperly cancelled or non-renewed the policies. …
