Allstate Corp., the largest publicly traded U.S. home and auto insurer, said second-quarter earnings will be cut by about $320 million on costs tied to extinguishing debt. Allstate paid about $2.3 billion to retire bonds with a principal amount of …
American International Group Inc. revived plans for an initial public offering of its plane- leasing unit after the insurer extended a deadline for a group of Chinese investors to buy the business. International Lease Finance Corp., the plane business owned …
A divided Florida Supreme Court is letting a lawsuit go ahead against a company that runs a resort in Mexico. The court ruled last Thursday that Shahla Cortez can proceed with her lawsuit against three Miami companies connected to the …
A federal judge has upheld Mississippi’s cap of $500,000 on non-economic damages in medical malpractice cases. The ruling came in a wrongful death lawsuit filed by the family of a woman and her unborn baby who died after being denied …
The parents of two students who were among those injured when a bus crashed on a Kentucky interstate as the group returned from a college campus visit have sued the charter bus operator, claiming the vehicle was not properly maintained. …
Florida’s largest property insurer, already under fire for everything from recent business deals to how much it pays its executives, is readying another round of rate hikes for homeowners. The board of Citizens Property Insurance Corp. meets next week in …
Due to rising insurance prices and some unhappiness with policy offerings, overall customer satisfaction with auto insurance companies is down in 2013 from an all-time high in 2012, but remains comparatively high relative to the previous decade, according to the …
As the Hispanic and Latino populations continue to grow, so should the insurance company options available to them. That is the thinking of one new Hispanic-focused insurance venture. Paul Areida, CEO of the newly formed Protector Holdings, said the acquisition …
Miller Insurance Services LLP, the UK-based specialist insurance and reinsurance broker, has appointed Simon Weaver as Head of Asia as of September 1, 2013 He joins Miller from JLT Asia where he was CEO of JLT Specialty Asia, responsible for …
“In some high-risk areas, ocean warming and climate change threaten the insurability of catastrophe risk,” according to one of the conclusions of a research report issued today by the Climate Risks and Insurance working group of international insurance think tank, …
