Only one other tornado outbreak in Virginia’s history caused more injuries than this Monday’s, although several others have been more prolific and deadly, according to the Virginia Department of Emergency Management. More than 200 people were injured when six twisters …
California automobile insurance units of Allstate Corp. will lower rates by 15.9 percent by a May 12 deadline, complying with an order by the state’s insurance regulator that it had challenged, a company spokesman said Wednesday. “Yes, we are complying …
A team of plaintiffs lawyers that includes a former high-ranking federal prosecutor denies infiltrating an insurance company’s computer database to help build a case against the insurer after Hurricane Katrina. Bloomington, Ill.-based State Farm Fire and Casualty Co. is asking …
Republican presidential candidate John McCain called Tuesday for greater competition for health care coverage for Americans, saying more choices for insurance will drive down costs and improve the system. On a campaign swing to highlight his health care proposals, the …
Indiana Insurance, a Liberty Mutual Agency Markets regional company, recently announced that it is taking its Safer Schools Seminars to Iowa and Minnesota in May. Designed for superintendents, principals, resource officers, and risk managers, these free, half-day seminars inform school …
A.M. Best Co. has placed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of San Francisco-based Majestic Insurance Company and Bermuda-based Twin Bridges under review with negative implications. Best also placed the ICRs …
Geologists who gathered a week after a 5.2-magnitude earthquake shook the Midwest said they expect mild aftershocks to rattle the region for several weeks. The latest aftershock, a 3.7 magnitude temblor, was felt in Evansville on Friday, April 25, 2008, …
Two weeks after a 5.2 level earthquake rocked the Midwest from Cairo to Atlanta, geologists and the industry are still discussing the impact of the quake–such as increases in the purchase of earthquake insurance. Earthquake endorsement State Farm insurance spokeswoman …
A Florida court said Tuesday it rescinded a decision in the state’s case against Allstate Floridian Insurance Company because the order was released prematurely in violation of its own operating procedures. The order would have stopped Allstate’s agents from writing …
