A new proposal that would change Michigan’s auto insurance coverage requirements for people injured in accidents has been introduced in the state Legislature. The latest proposal to change the system was introduced in the House. Michigan now is the only …
Allstate Corp. lost $500 million on Hurricane Irene, the largest publicly traded home and auto insurer in the United States said Thursday, much less than it lost from tornadoes earlier this year. In total, Allstate said its July and August …
Atlanta-based Greyling Insurance Brokerage is expanding into Florida. The brokerage has hired Charles Geer to open a new office in West Palm Beach, where he will be responsible for developing new business and handling day-to-day operations. Prior to joining Greyling, …
Florida state officials, insurers, medical providers, and consumer groups are preparing to re-examine the state’s no-fault auto insurance law just months after lawmakers failed to resolve the issue. State Insurance Consumer Advocate Robin Westcott is scheduled to hold the first …
Authorities say no major damage or injuries were reported after an earthquake in the metro Birmingham area Tuesday evening. The U.S. Geological Survey reported that the 3.0 quake was centered about two miles southwest of Trussville and shook the ground …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of ‘a-‘ of Bermuda-based AmerInst Insurance Company, Ltd., both with stable outlooks. AmerInst is a wholly owned subsidiary of AmerInst Insurance Group, Ltd. The …
A U.S. federal jury awarded DuPont $919.9 million in damages Wednesday, ruling that a South Korean company stole trade secrets for a fiber used to make Kevlar bulletproof vests. DuPont said the Richmond, Virginia, jury ordered Kolon Industries Inc. to …
The United States heaped the lion’s share of blame for the country’s biggest ever offshore oil spill on BP Wednesday as the government issued its final assessment of last year’s Gulf disaster. In a report that may be pivotal in …
Lloyd’s of London’s Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and prominent Saudi individuals over 9/11 terror attacks. The insurer said Saudi defendants bear primary responsibility for the attacks and should be …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of ‘a+’ of Lloyd’s Syndicate 510, which is managed by R.J. Kiln & Co Ltd. Best also affirmed …
