Flood Insurance News

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Privacy General Liability Nuts & Bolts: Insurebest.com is offering privacy general liability on an occurrence …

My New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Privacy General Liability Nuts & Bolts: Insurebest.com is offering privacy general liability on an occurrence …

Selective Insurance Group Opens New Regional Office in Ind.

Selective Insurance Group, Inc., a holding company for seven property and casualty insurance companies, announced today that its principal operating subsidiary, Selective Insurance Company of America, is establishing a new Midwestern Regional office in Carmel, Ind. The move is expected …

Miss. Development Authority Gets Money for pre-Katrina Homeowners

The state of Mississippi has cleared the way for at least 186 homeowners to receive partial grants to help rebuild even though they were previously denied federal aid. The Mississippi Development Authority announced the program Tuesday. The MDA said the …

State Farm: Restraining Order Continued Against Miss. AG

A federal judge has extended a restraining order that prevents Mississippi Attorney General Jim Hood from continuing a criminal investigation into State Farm Insurance Cos.’ handling of Hurricane Katrina claims, a company spokesman said. U.S. District Court Judge Michael T. …

Jury Favors La. Homeowner in Katrina Damage Suit Against State Farm

A jury on Nov. 7 sided with a south Louisiana couple in the first federal trial in Louisiana against State Farm Insurance Cos. over Hurricane Katrina damage. An attorney for plaintiffs Michael and Judy Kodrin and a State Farm spokesman …

State Farm Faces First Federal Trial in La. Over Katrina Damage

A jury in New Orleans heard opening statements on Oct. 5 in the first federal trial in Louisiana against State Farm Insurance Cos. for a policyholder’s lawsuit over Hurricane Katrina damage. The eight-member jury will be asked to decide whether …

State Farm Sues Mississippi Attorney General over Criminal Probe

State Farm Insurance Cos. is suing Mississippi’s attorney general for allegedly violating an agreement to end a criminal investigation of the insurer’s handling of claims on the Gulf Coast after Hurricane Katrina, according to court papers unsealed last week. State …

Transitions … from judge to regulator, from regulated to competition

Massachusetts Insurance Commissioner Nonnie Burnes has taken on the minefield of private passenger auto insurance, overseeing a transition from a highly-regulated rating system to one under which insurance companies are to have some flexibility in the prices they charge, a …

Rep. Frank: 120-Day extension for TRIA possible

The key House leader on insurance issues says he will push for a 120-day extension of the federal terrorism reinsurance program that expires at year’s end rather than simply accept the Senate bill that is narrower in scope than the …