U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the same period, according to preliminary analysis …
A federal judge ruled that American Family Insurance is not obligated to cover John Jason McLaughlin in the wrongful death lawsuit filed against him by the parents of the two Rocori, Minn., students he killed in 2003. Attorneys for the …
Gov. Charlie Crist has asked three trial lawyers to review documents for a possible class-action lawsuit against property insurers, alleging that the industry hasn’t passed on savings to consumers as required by Florida law. Crist asked his general counsel and …
Montana State Auditor John Morrison is reminding property and casualty insurers doing business in the state that a new law recently went into effect to protect Montanans’ right to choose an auto body repair shop after an accident. The law …
A national consumer organization has charged that property/casualty insurers are unfairly overcharging for home and auto insurance at the same time they are reducing payments to insureds. According to the Consumer Federation of America, insurer overcharges over the last four …
The Association of British Insurers has announced that its members – who constitute most of the UK’s insurance industry – “will pay more claims for Critical Illness, Income Protection and life insurance where medical information has not been disclosed, unless …
Sean Walsh returned to his mother’s San Diego home after the October wildfires to find it charred to its foundation. He says he plans to help her rebuild the trilevel, five-bedroom abode — happily used to host 19 grandkids — …
The American International Specialty Lines Insurance Co. Inc. (AISLIC) has agreed to pay $42.5 million to clean up contamination at four industrial facilities run by a bankrupt insured in a suit in which the Department of Justice intervened on behalf …
Lloyd’s announced that it has become the first foreign entity to take advantage of a recent regulatory change in Chile’s insurance practice. Following the signing of a Free Trade Agreement in 2007 “between Chile and the European Union, the South …
State Farm Fire and Casualty Co. reached a settlement on 22 lawsuits stemming from Hurricane Katrina damage. “Obviously, we are pleased to settle without costly and lengthy litigation,” said State Farm spokesman Fraser Engerman. He declined to comment further because …
