Stock Prices: Commercial insurers’ stocks were up an impressive 8 percent for the second quarter of 2007. Much of the increase can be attributed to the high premium which was paid for Ohio Casualty Corp. (Nasdaq:OCAS) by Liberty Mutual Group. …
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record for the second-lowest number of catastrophes in a …
Insurance companies have taken exception to a reported accusation by Florida Gov. Charlie Crist that the insurance industry has broken its promises to lower rates. In the July 3, 2007, edition of the South Florida Sun-Sentinel, Crist is quoted as …
The Federal Trade Commission’s (FTC) study of automobile insurers’ use of credit has reaffirmed the strong connection between credit information and the risk of loss and has determined that its use helps to increase the availability and affordability of insurance …
Omaha, Neb.-based workers’ compensation insurer, FirstComp, is celebrating 10 years of business in Arkansas with some big checks and big thanks to independent agencies and policyholders, the company reported. FirstComp is donating $80,000 to community organizations to recognize three Arkansas …
The insurance industry in Michigan released a study on Tuesday, July 17th that predicts motorists could save up to 16 percent on their auto premium if they were allowed to select capped health benefits for accident injuries. Michigan is the …
Ill. Gov. Rod Blagojevich used his executive authority last week to make a rule that prevents insurance companies from considering someone’s health when deciding what premium to charge when renewing an individual policy. His action comes as the Democratic governor’s …
An insurance company that paid workers’ compensation to a bank employee traumatized in a Thetford, Vermont hostage-taking incident is seeking to recover the money from the family of the teenager charged in the incident. Dan Eaton, 16, is serving a …
The Arkansas Insurance Department issued a directive to property and casualty carriers issuing policies containing “occupancy” requirements in their underwriting standards that could adversely impact insurance coverage for members of the armed services who are deployed outside of the state. …
The Florida Insurance Council installed George Grawe, Regional Counsel for Allstate Insurance Company and the Allstate Floridian Insurance Companies, St. Petersburg, as 2007/2008 Chairman of its Executive Committee and Board during the Council’s annual conference June 24-27. As Chairman, Mr. …
