On July 18 the Texas Department of Insurance announced that Vesta Fire In-surance Company (Vesta Fire) and its Texas subsidiary insurance companies were being placed into liquidation. Notices were sent out to agents to cease writing new and renewal insurance …
Homeowners in Arizona Nuts & Bolts: Abram Interstate Insurance Services Inc. in Rocklin, Calif. is offering homeowners coverage in Arizona. The program includes high risk properties, seasonal homes, brush areas, protection classes 1-10, older homes and homes with losses. High …
A policy change that will allow Citizens Property Insurance Corp. to renew existing builder’s risk policies and write new policies was unanimously approved by the board of governors during a July 21 emergency meeting. The board also unanimously approved a …
Safeco has introduced a redesigned auto policy aimed at better fitting customers’ lives. The new Safeco Auto Policy* is designed to cover the needs of today’s typical drivers — including coverage of manufacturer-installed audio/video equipment and children’s car-seat replacement in …
Arrowhead General Insurance Agency Inc. is offering a new crane-construction contractors program. Endorsements include riggers liability in addition to other coverage enhancements as part of the policy limits. Policy limits are up to $1 million/$2 million/$2 million for general liability. …
Property owners are stunned by insurance rates that have tripled for some properties on the Alabama Gulf Coast after back-to-back years of hurricane damage. Owners of the 35-unit Romar Tower at Orange Beach, Ala. saw their annual premium jump last …
The agent at the center of a landmark hurricane insurance case on Friday denied telling a policyholder that he didn’t need flood insurance years before Nationwide Mutual Insurance Co. denied much of his claim following Hurricane Katrina. Jay Fletcher said …
The launch of a new National Hurricane Survival Initiative and a new website that answers frequently asked questions about hurricanes and enables consumers to judge their readiness for such an event has been launched by the National Weather Center in …
The Council of Insurance Agents & Brokers praised Congress for addressing insurance market reform and said there is still time this session to enact some easy, achievable changes that could have a major impact on the marketplace. In testimony before …
Just over a month after he asked insurance companies in his state to voluntarily do so, Louisiana Commissioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana extend the period in which a policyholder …
