September 19, 2011
Appalachian Underwriters, Inc. (AUI) launches a new commercial lines online rater for independent auto dealers, www.xpressdealerpro.com. Xpress DealerPro is the latest installment of enhancements to be integrated into AUI’s Xpress rating platform. AUI’s B2B Xpress rating platform provides agents with …
September 19, 2011
Investigators determined that several spectators were killed on impact at an air race crash in Reno as a 1940s-model plane appeared to lose a piece of its tail before slamming like a missile into a crowded tarmac. The death toll …
September 19, 2011
La Puente, Calif. may be on the road to keeping its insurance, according to a statewide insurance authority. The Southern California city was recently told that it could lose its insurance if city officials and staff don’t start getting their …
September 19, 2011
The U.S. Army Corps of Engineers estimates it will cost more than $2 billion to repair the damage to the nation’s levees, dams and riverbanks caused by this year’s excessive flooding, a sum that dwarfs $150 million it currently has …
September 19, 2011
Reinsurer Transatlantic Holdings Inc said it received a renewed buyout offer of $52 a share in cash from Warren Buffett’s Berkshire Hathaway Inc but said the bid was too low. Transatlantic and Allied World Assurance Co Holdings Ltd called off …
September 19, 2011
Insurance payouts from the May 22 Joplin tornado have exceeded $1 billion, according to the Missouri Department of Insurance. Home, auto and commercial insurers have reported their preliminary claims and payment numbers as of Sept. 1, which are as follows: …
September 19, 2011
Property/casualty insurance companies plan to invest in technology for underwriting, policy administration, consumer portals, predictive analytics/business intelligence and mobility/virtualization. Those are the top five technology priorities for carriers, according to the IVANS 2011 Carrier Automation Trends study. The survey found …
September 19, 2011
Louisiana’s seasonally adjusted unemployment rate fell sharply to 7.2 percent in August from the July rate of 7.6 percent, and private sector employers added 40,000 jobs over the year, according to figures reported by the Louisiana Workforce Commission. This is …
September 19, 2011
Austin, Texas-based Combined Agents of America LLC (CAA) announced the addition of it 48th member agency, NTX Insurance Group Inc. Located in North Texas, NTX Insurance Group has seven branch locations and maintains a specialty in the oil and gas …
September 19, 2011
After months of sustained, historic Midwest flooding and criticism that the government bungled its management of the Missouri River, the U.S. Army Corps of Engineers said it has commissioned a study of its handling of the waterway. Large sections of …