Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review …
Keystone Insurers Group, Rowland, Rudd, Peel & Holland Pennsylvania-based Keystone Insurers Group (KIG) has added three more Kentucky agencies as partners. Those agencies are: Rowland Insurance Agency Inc., with locations in Tompkinsville and Glasgow; Rudd Insurance Inc., which is located …
A homeowner’s station in life and personal spending beliefs and habits are important indicators of a borrower’s potential for home-mortgage default, according to researchers at the University of Alabama at Birmingham (UAB) School of Business. Even though the research concerns …
The coastal home insurance market continues to tighten. State Farm is only writing a new homeowners policy in Mississippi if another is dropped and Allstate has stopped writing mobile homes on the South Carolina coast. Also, Farmers will reduce its …
Tallahassee Kaleidoscope “It’s like a kaleidoscope. You think you see (the solution) one minute and the next minute it’s different.” —Rep. Bill Proctor, a St. Augustine Republican, speaking on the state’s troubled property insurance marketplace. Proctor is again sponsoring legislation …
State Farm will offer discounts in Mississippi beginning May 1 for homes and rental property strengthened against wind damage. Insurance Commissioner Mike Chaney told The Sun Herald that he approved State Farm’s plan to offer the mitigation discounts. They will …
The federal government is seeking Medicare reimbursements from lawyers, manufacturers and insurers that were involved in a $300 million settlement over widespread PCB contamination in the east Alabama city of Anniston. A lawsuit filed by the Justice Department against 18 …
Montgomery, Alabama-based Alfa Insurance has promoted Steve Rutledge to executive vice president for business development. Rutledge, who has served as Alfa’s chief financial officer and senior vice president of investments, will oversee corporate development, marketing strategy, product development, property/casualty actuary …
PURE Risk Management LLC is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer property/casualty insurance coverage on high value homes in Rhode Island. PURE will also offer automobile, jewelry, art, personal liability and watercraft insurance …
Volkert & Associates Inc. has agreed to give the Mobile County Public School System $9 million to settle a 6-year-old lawsuit involving some schools where Volkert oversaw construction. School officials sued Volkert, which oversaw $250 million worth of construction at …
