The Florida Supreme Court declined Wednesday to grant Allstate Corp. an injunction to force Florida insurance regulators to let the company write new car insurance and other policies in the state. The company sought the action after the Office of …
Four Ohio parents have filed a federal lawsuit against makers of baby bottles, claiming the bottles were made from a harmful chemical that sparked congressional hearings and prompted the world’s largest retailer to phase out the products. The complaint filed …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of American Agri-Business Insurance Company (AA-BIC), and has removed them from under review with positive …
Hundreds of volunteers stacked sandbags atop a levee in small Missouri towns on the evening of June 18, hoping the extra few feet of protection would save the town from record-level flood crests expected to hit this week. National Guardsmen, …
The Illinois and Iowa Insurance Departments have implemented a 60-day moratorium on the cancellation and nonrenewal of insurance policies for people who live in counties affected by the recent storms and flooding. Indiana made its announcement on a moratorium on …
An Illinois appellate court has reinstated a $120 million judgment against owners of the former Clark Oil refinery, reversing a Cook County judge’s decision to dissolve the class-action suit after a verdict was reached. The lawsuit against the now-shuttered, Texas-based …
The U.S. Agriculture Department (USDA) will look “at everything possible” to aid Midwest farmers hurt by the worst flooding in more than 15 years, Agriculture Secretary Ed Schafer said Wednesday (June 18). President George W. Bush was scheduled to visit …
Illinois-based Great American Insurance Group added Adam Grey to its Atlanta office as marketing representative for the firm’s executive liability division. Grey previously worked with the banking sector in providing innovative insurance solutions for their construction loan portfolios. His territory …
Insurers who sell coverage compensating farmers in the event of damage to their crops could be hit by claims from severe flooding in parts of the U.S. Midwest, according to an analyst report. While it is too soon to know …
Quarterly earnings from bank insurance brokerage hit their second-highest level in first quarter 2008. Bank insurance brokerage earnings in the first three months of 2008 were $1.078 billion, up 8.6 percent from $993.3 million in the first quarter of 2007 …
