News

Allstate’s Esurance Hopes Bundling Auto, Home Coverages Will Separate It From Geico

Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.’s Geico unit and Progressive Corp. Esurance started underwriting homeowners coverage in Wisconsin and plans …

West Virginia Counties Launch Mobile App Alert for Emergencies, Big or Small

A unique smartphone app was launched geared at keeping Cabell and Wayne county residents aware of local emergencies, from small traffic problems or school closings to nation-threatening crises. The Heads Up Huntington app was created through a joint effort involving …

North Carolina Man Accused of Auto Insurance Fraud

William Henry Bullock, 64, of Knightdale, North Carolina has been arrested on a charge of obtaining property by false pretense, according to North Carolina Insurance Commissioner Wayne Goodwin. Department of Insurance criminal investigators allege that Bullock falsely reported his Ford …

Food Stamp Gridlock Hurting Chance of Congress Passing Farm, Crop Insurance Bill

The chances of the U.S. Congress passing a five-year farm bill by year’s end are a little better than 50/50 given the gridlock over food stamps for the poor, a top farm policy expert said on Monday. “There is a …

Irish Regulator Says It Flagged RSA Reserving Issues in August

Ireland’s financial regulator first identified concerns over RSA Insurance Group Plc’s local unit in August, three months before the insurer suspended its three top executives in the country amid an accounting probe. The Central Bank of Ireland carried out a …

Haiyan Worse for Philippines Than Sandy for U.S.; Only 10-15% of Loss Insured

Destruction from Typhoon Haiyan, which flattened buildings and unleashed storm surges that may have killed 10,000 people, could be several times worse for the Philippines economy than superstorm Sandy was for the U.S. Losses will be $12 billion to $15 …

Texas Approves 10 Companies to Self-Insure for Workers’ Comp

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved ten renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program. These companies collectively employ approximately …

Canadian National Railway Suffers Fourth Derailment in Month

A Canadian National Railway Co. train derailed in northern Ontario this past weekend, and an estimated 40 carloads of grain left the tracks, the Transportation Safety Board of Canada said. The board said it was deploying a team to investigate …

Japan Earmarks Additional $30B for Fukushima Clean-Up, Compensation

Japan’s government is finalising plans to borrow an additional 3 trillion yen ($30 billion) to pay for compensating Fukushima evacuees and cleaning up the area outside the wrecked nuclear plant, said people with knowledge of the situation. The additional borrowing …

New UK Financial Watchdogs Face Surge in Staff Turnover: Reuters

Staff have been quitting Britain’s financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in Europe’s biggest …

News Archives by Month