New York officials recently directed State Farm Insurance Co. to give 113 Long Island property owners the opportunity to renew their homeowners’ policies with the company. The action came as the result of a complaint filed by one of the …
Maryland Insurance Commissioner Ralph S. Tyler has submitted his resignation to Governor O’Malley effective Jan. 8, 2010, to accept an appointment as chief counsel to the federal Food and Drug Administration. Tyler has been insurance commissioner since September 2007, when …
State Farm Florida will remain in Florida under a negotiated agreement that allows it to cancel about 15 percent of its policies and raise rates 14.8 percent. The deal also allows its contract agents to place the business State Farm …
Allstate announced today that it will sell a recovered 1965 Volkswagen bus at auction and donate the proceeds to Lydia Place, a nonprofit organization in Washington state serving homeless women and children impacted by domestic violence. “Allstate has a long …
Abram Interstate Insurance Services Inc. of Rocklin, Calif., has a new product for beauty salons, nail salons and barber shops. Thepackage can be enhanced to include many optional coverages, including: professional liability, loss of income, non-owned and hired automobile coverage, …
Montana Commissioner of Securities and Insurance, Monica Lindeen, finalized a settlement with Morgan Stanley & Co., Inc. regarding allegations the company misled investors. In the agreement, Morgan Stanley has agreed to provide liquidity to Montana investors who invested in auction-rate …
Workers’ compensation insurers and actuaries need to prepare for upcoming changes arising from proposed healthcare reform and the shifting medical landscape, attendees of the Casualty Actuarial Society (CAS) annual meeting heard. Joseph Paduda, principal, Health Strategy Associates, LLC and writer …
A Texas court in San Antonio has affirmed the jury award of $70 million plus interest in a workers’ compensation case brought against Discover Property & Casualty Insurance Company, a St. Paul Travelers Insurance subsidiary, and the claims adjuster JI …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Bermuda-based Arch Reinsurance Ltd. and its reinsured affiliates. Best also affirmed the ICRs of “bbb” and “bbb+” of Arch …
Chicago-based ASPN Insurance Agency LLC formed a new alliance with InStrategy Group, a consulting firm specializing in solutions for the insurance industry. InStrategy Group will offer ASPN agents commercial insurance solutions through a range of services designed to facilitate business …
