Meadowbrook Insurance Group, Inc., a Southfield, Mich.-based specialty property and casualty insurance holding company, recently announced today that Shannon Smith has joined the company’s office as the marketing program manager. In his new role, Smith is responsible for identifying and …
Illinois has decided to create a panel aimed at improving earthquake preparedness. The Illinois Seismic Safety Task Force will assess how high-risk portions of the state have prepared to minimize earthquake damage. The group will also give Governor Rod Blagojevich …
There are no reports of damage after a small earthquake shook parts of the St. Louis, Mo., area on Monday, May 5th in the morning. The magnitude 2.7 quake at 6:25 a.m. was centered in Fenton in southwest St. Louis …
Standard & Poor’s Ratings Services has revised its outlook on Great Northwest Insurance Co. (GNIC) to stable from negative, and has also affirmed its ‘BB-‘ counterparty credit and financial strength ratings on GNIC. “The rating action reflects our opinion that …
A nationwide consumer study of automobile insurance regulation says that rates have risen more slowly over the past two decades in the 15 states that require insurers to receive advance approval of rate increases from the state. But the insurance …
Weeks after a 5.2 level earthquake rocked the Midwest from Cairo, Ill., to Atlanta, Ga., geologists and the insurance industry are still discussing the impact of the quake — such as increases in the purchase of earthquake insurance. Earthquake endorsement …
77% Allstate Corp. that its first-quarter 2008 net income dropped 77 percent, hurt by write-downs in its investments and larger-than-expected catastrophe losses. The insurer said it had to write down the value of fixed-income securities by $347 million because of …
Bad Faith Blues “It is good for consumers … it will help them get what they paid for, which is our goal. But it also recognizes the industry’s needs. It gives them some ability to have some understanding and some …
A nationwide consumer study of automobile insurance regulation says that rates have risen more slowly in the 15 states that require insurers to receive advance approval of rate increases from the state over the last two decades. According to the …
You don’t have to be involved in the property/casualty insurance industry long to become acquainted with the many studies that are released each year on rating systems, both from consumers and from the industry. The most recent study was released …
