Michigan insurance companies say that so-called “bad faith” bills approved by the House Insurance Committee today are unnecessary and will open the floodgates for lawsuits against them, eventually costing consumers money. Meanwhile, House Democrats who are sponsors of the “bad …
Unsurprisingly, the industries whose reputations have been most badly hurt in the last 12 months are car manufacturers (down 31 points), banks (down 24 points), and investment and brokerage firms (down 27 points), according to a new poll on consumer …
Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Glencoe Insurance Ltd., Stonington Insurance Co., Lantana Insurance Ltd., and Stonington Lloyd’s Insurance Co. (collectively referred to as RenRe Insurance) with stable outlooks. “The …
Insurance companies have begun telling some policyholders in Eastern Oregon to protect their buildings against wildfires, say industry and government officials. One Oregon Department of Forestry official said he’s been doing wildfire risk assessments for three decades, and this is …
Colorado’s dominant workers compensation insurer last week defended its spending on travel and entertainment for its agents, telling Colorado lawmakers it’s good for morale and helps lower costs in the long run. Pinnacol Assurance’s expenses have included $143,930 for a …
Overall customer satisfaction with auto insurance companies is up significantly in 2009. But the gap between agency writers and direct writers may be coming closer to a “photo finish,” says the author of a new study by J.D. Power and …
New Jersey personal auto insurer Palisades is using a unique approach to market itself: an “art gallery” of 13 highway billboards across the state. The images were picked by online voting and were pared down from more than 900 entries …
American International Group Inc.’s money-losing consumer finance unit on Thursday said it eliminated 900 jobs and closed 145 branches in the first half of the year, and may make further cutbacks as it prepares to be sold. In a regulatory …
Dallas-based Gainsco Inc. announced net income for the second quarter 2009 increased to $1.6 million, compared with a second quarter 2008 net income of $1 million. Net income for the six months ended June 30, 2009 was $3.7 million. This …
North Carolina Insurance Commissioner Wayne Goodwin said today, just one week after the General Assembly passed reforms to the state’s coastal insurance plan, that the insurance company for AAA Carolinas will begin offering homeowners insurance throughout the state. Goodwin said …
