As the 2008 legislative session begins and hurricane season approaches, Florida’s businesses and homeowners continue to struggle with the increasing cost of property insurance. The quest for answers to the state’s property insurance crisis has turned into a political tug-of-war, …
Virtually every business owner or manager considers shopping their business insurance account at one time or another. In many instances, it is a transitory thought. But in today’s world, where commercial premiums have plunged and the economy is struggling, seeking …
U.S. District Judge Stanwood Duval in the first quarter of 2008 dismissed a lawsuit against the U.S. Corps of Engineers over levee failures in New Orleans after Hurricane Katrina in 2005. Duval ruled the Corps had immunity from the lawsuit, …
For the past two and a half years, Louisiana’s fishermen have relied on their natural gift for resourcefulness and made do with jury-rigged docks cobbled together from hurricane debris and spent countless hours in search of ice and fuel. The …
Indianapolis-based the National Association of Mutual Insurance Companies (NAMIC) recently announced that it opposes legislation to ban the use of credit-based insurance scoring in Michigan. The House Insurance Committee is scheduled to debate the proposal today. “Headline grabbing proposals unveiled …
California Insurance Commissioner Steve Poizner announced a 15.9 percent decrease in auto insurance rates for customers of Allstate Insurance Co. and Allstate Indemnity Co. This $244 million reduction culminates months of negotiations and an administrative hearing, which began with Allstate …
Willis Group Holdings has become one of the first brokers to be officially licensed in Saudi Arabia by the Saudi Arabian Monetary Agency under the provisions of the Insurance Law of 2004. The global insurance broker will do business as …
Willis Chairman and CEO Joe Plumeri concluded a series of discussions on mega-trends in the insurance industry sponsored by the Insurance Institute of London (IIL) at Lloyd’s last week. He told his audience that “one of the biggest challenges facing …
Stating it’s the first rate change in two years for its “Texas Family Home Policy,” Farmers Insurance Group, through Texas Farmers Insurance Company, filed a rate increase for the policy with the Texas Department of Insurance. The company said the …
Stephen Haddrill, Director General of the Association of British Insurers (ABI) issued a comment on the UK’s recently announced budget. Chancellor of the Exchequer Alistair Darling has proposed raising taxes on a number of items, including high-polluting cars, alcohol and …
