Dozens of Hurricane Katrina-related lawsuits filed by Richard “Dickie” Scruggs for policyholders against State Farm Fire and Casualty Co. have been settled. Terms of the settlements are confidential. Officials with Bloomington, Ill.-based State Farm said the company is pleased it …
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. Mono-line Property for Coastal Exposures Market Detail: CATalyst Property Insurance from Venture Programs gives agents …
Insurers Catlin, Beazley, Amlin, Hiscox and Newcomer Torus Find Their Niche in U.S. Market Find a need, then fill it,” is a hoary business principle, but making it work is often harder than it looks. However, a number of British …
Seven U.S. lawmakers Friday urged Treasury Secretary nominee Timothy Geithner to boost federal oversight of insurance companies, a long-held goal of much — although not all — of the insurance industry. Democratic Rep. Melissa Bean of Illinois, Republican Rep. Ed …
A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “b” from “bb-” of Canada’s Kingsway Financial Services Inc. (KFSI) and Kingsway America Inc. (KAI), which is headquartered in Elk Grove Village, Ill. Best also affirmed its ratings on …
Liberty Mutual Group is throwing in the towel on direct distribution of insurance to middle market businesses. Since it couldn’t beat independent agents and brokers — who dominate sales in this segment — Liberty Mutual has decided to join them. …
Bloomington, Illinois-based State Farm Insurance Cos. has cut ties to an Indian company mired in a $1 billion fraud scandal, according to a published report. State Farm terminated a contract with longtime vendor Satyam Computer Services Ltd., the insurance company …
Nebraska has fallen out of the mainstream when it comes to smoking-related laws, but that could change. Thirty-seven states have passed laws requiring that all cigarettes sold in their states be fire-safe. Nebraska is not among them, but the state …
Dozens of Hurricane Katrina-related lawsuits filed by Richard “Dickie” Scruggs for policyholders against State Farm Fire and Casualty Co. have been settled. Terms of the settlements are confidential. Officials with Bloomington, Ill.-based State Farm say the company is pleased it …
The Springfield-based Professional Independent Insurance Agents of Illinois has unveiled a new name. The statewide group will now be known as the Independent Insurance Agents of Illinois (IIA of IL) It has also implemented a new logo and kicking off …
