Insurance companies have until Oct. 31 to review the discounts they offer for property insurance policies in Louisiana that don’t cover wind or have high hurricane deductibles, according to a bulletin issued by the Louisiana Department of Insurance. Department officials …
Study says Referendum 67 could cost $650 million With millions in campaign contributions and plenty of name-calling, trial lawyers and insurance companies in Washington are doing their best to spice up this fall’s otherwise ho-hum statewide vote. At issue is …
Dismissal of corruption conspiracy charges follows earlier dismissal of antitrust complaint The same federal judge who early in September dismissed all federal antitrust charges against Marsh & McLennan Companies and a group of other brokers and insurers has now thrown …
The South Carolina Department of Insurance recently disapproved a request made by the National Council on Compensation Insurance to increase loss costs statewide by 23.7 percent. NCCI State Relations Executive, Amy Quinn, said the South Carolina department released its announcement …
Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key decision. Plaintiffs in the case, who had …
Connecticut-based W. R. Berkley Corp. reports it has closed on the acquisition of CGH Insurance Group, the owner of American Mining Insurance Co. Terms of the transaction were not disclosed. American Mining, based in Birmingham, Alabama, has specialized in providing …
The state is taking applications for a $100 million incentive program designed to get insurance companies to write more property coverage in Louisiana. The goal of the program is to make private insurance more available in storm-stricken southern Louisiana. Insurance …
From “Happy Days” to “The Perfect Storm” is how one Florida insurance executive describes her state’s turbulent and defining years between 2003 and 2007 – and she isn’t talking just about the devastating hurricanes that wreaked havoc for homeowners and …
Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway Group. Republic Insurance Co., a property/casualty insurer, is located in Dallas. …
The same federal judge who early in September dismissed all federal antitrust charges against Marsh & McLennan Companies and a group of other brokers and insurers has now thrown out all related federal charges of racketeering as well. Judge Garrett …
