State Farm is raising Louisiana homeowner rates an average of 8.7 percent statewide for its nearly 308,000 policyholders. According to State Farm’s filing with the insurance department, the statewide increase will generate $40.1 million. The Advocate reports the higher rates …
Victims of Superstorm Sandy still fighting for a bigger insurance payment from the companies that administer the federal flood insurance program are getting a six-month extension to file critical paperwork. The Federal Emergency Management Agency announced the decision Tuesday, even …
A man who suffered an eye injury clearing trails as part of court-ordered community service has sued Polk County, Ore. saying it failed to provide proper tools and safety equipment. The Salem Statesman Journal reported the suit filed in federal …
Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half of last year. Insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increased to …
Tropical storm Karen, the 11th named storm of the 2013 Atlantic hurricane season, has formed over the southeastern Gulf of Mexico, the U.S. National Hurricane Center said in its latest bulletin. Karen is packing maximum sustained winds near 60 miles …
Two of the most important courts for resolving U.S. business disputes, Delaware’s Court of Chancery and its state Supreme Court, may be on the cusp of a dramatic turnover that could affect corporate cases for years to come. The state’s …
More than half of the people killed so far this year in traffic accidents on Alabama highways were not wearing seat belts when they were available. The state Department of Public Safety reports 367 traffic deaths through September. The department …
The law on all-terrain vehicle use in Mississippi has gotten a little tighter over the past three years. Helmets are now required, as are certification courses for underage operators. But many law enforcement officials say the law still lacks teeth …
Meadowbrook Insurance Group Inc. and Swiss Re have mutually agreed to terminate a quota-share reinsurance agreement that was put in place late last year, Meadowbrook said Wednesday. The insurer said it has bolstered its financials and the reinsurance is no …
BP Plc persuaded an appeals court to order a re-examination of key terms of the 2010 Gulf of Mexico oil-spill settlement that the company said could have cost it billions of dollars in improper payouts. BP said the program’s administrator, …
