10 Mass. caps auto hikes at 10% Because the shooter was in an uninsured car, says N.J. court 12 Driving the transition An interview with Mass. Commissioner Burnes N1 Survey reports drop in new lawsuits Actions filed against U.S. firms …
A British insurance company has asked a New York state court to confirm an arbitration award that directs imprisoned corporate thief L. Dennis Kozlowski, former head of Tyco International Ltd., to pay nearly $2 million (euro1.4 million). The petition was …
The Florida Office of Insurance Regulation signed orders allowing four companies to assume a total of 173,000 policies from the Citizens Property Insurance Corp., the property state’s insurer of last resort. American Integrity Insurance Co. of Florida, Argus Fire & …
A federal judge has thrown out a so-called “whistleblowers’” lawsuit that accuses insurance companies of overbilling the federal government for Hurricane Katrina’s flood damage to Louisiana homes. Allan Kanner, the New Orleans-based attorney who filed the suit on behalf of …
In the midst of the blazing wildfires that overwhelmed seven Southern California counties in October, insurance companies sprung into action. Most said they had learned from past catastrophes and that preparation was key to minimizing losses. According to Erron Al-Amin, …
The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year improvement in …
Stock Prices: Commercial property/casualty insurer stocks have been relatively flat through the third quarter of 2007. Chubb Corp. (NYSE:CB) had the largest gains for the year, up a modest 3 percent. M&A Activity: The sector appeared to take a month …
In a joint statement Indian housing finance pioneer HDFC Ltd. and Germany’s ERGO (Munich Re’s primary insurance division) announced that they have agreed to form a general insurance joint venture. The transaction is subject to regulatory approval by the Indian …
The National Council on Compensation Insurance, an advisory rating organization for companies that offer workers’ comp insurance, is asking state regulators for an average rate decrease of 2.2 percent in Maine next year. The filing credits improved safety efforts on …
The Foundation for Taxpayer and Consumer Rights is claiming a former insurance industry lawyer, a senior counsel to California Insurance Commissioner Steve Poizner, covertly assisted insurance companies in a lawsuit they brought against the Commissioner. FTCR says it has e-mail …
