Insurers News

Insurer Wants Scruggs-Affiliated Attorneys off Mississippi Katrina Case

State Farm Fire & Casualty Co. is seeking to disqualify several former members of the Scruggs Katrina Group – a Mississippi legal team led by embattled attorney Richard “Dickie” Scruggs – from representing a couple suing the insurer over Hurricane …

Lloyd’s Defends Insurers Against ‘Spoilsport’ Image

An increasingly common complaint against the insurance industry charges that it is largely responsible for the disappearance of traditional events and activities due to the unavailability and/or the increasing cost of liability coverage. In an article on the Lloyd’s web …

Insurers Win Court Fight over Delaware Home Insurance Renewals

In a victory for the insurance industry, a Delaware Superior Court has ruled that the state’s insurance regulator overstepped his authority when he prohibited property insurers from refusing to renew a homeowner policy based solely on whether the insured had …

Montana Directs Auto Insurers to Follow Anti-Steering Law

Montana State Auditor John Morrison is reminding all licensed 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. …

Mauna Kea Beach Hotel Owners Sue Insurer for Earthquake Claim

The Mauna Kea Beach Hotel on the Big Island of Hawaii has sued one of its insurance carriers for denying a $20 million claim stemming from last year’s earthquakes. The hotel has been closed for repairs and renovations since temblors …

New York Ranks Least Complained About Auto Insurers

American Modern Insurance Group, a specialty auto insurer with about $17.5 million in annual premium, topped the list of New York’s least complained about personal auto insurers for 2006, according to new rankings released by the state’s Insurance Department. The …

Fla. Truck Insurer Launches Customized Program for Elite Customers

Venice, Fla.-based insurer, 1st Guardยฎ Corp., specializing in truck insurance for owner operators leased to a motor carrier, implemented a customer loyalty program for top echelon customers. The Class 8 Elite program signifies the type of vehicle (tractor trailer) 1st …

California Workers’ Comp Insurer Makes HR Promotion

Susan Lynch has been promoted to manager of California State Compensation Insurance Fund’s Employee Assistance Program (EAP) in Human Resources. EAP helps State Fund employees address personal issues and maintain quality job performance. Lynch joined State Fund in 1987 as …

Lloyd’s Insurers Consider Coverage for Commercial Space Flights

A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the State of New Mexico and Virgin Galactic recently announced plans to construct a “multi-million pound spaceport.” As a result Lloyd’s brokers and underwriters have indicated that “there is capacity …

Berkshire Hathaway Gets Expedited License In N.Y. for Bond Insurer

Berkshire Hathaway will have its municipal bond insurance company licensed in New York much quicker than normally, the New York State Insurance Dept. said Friday afternoon. Superintendent of Insurance Eric R. Dinallo said his department will complete licensing by Monday …