Another state insurance department has issued a warning about a Tennessee entity posing as an insurance company. Days after National Foundation of America (NFOA) of Franklin, Tenn., was ordered to cease and desist from the insurance business in Texas, Arkansas …
Hunting and fishing trips taken by state officials and paid for by the state-run insurer of last resort, may have broken the law, according to a legislative audit report made public May 28. The audit found that Louisiana Citizens Property …
Forecasts for a busier-than-normal hurricane season mean added pressure on the utility and insurance industries, but they say they’re more prepared to absorb a catastrophic hit. Power utilities have invested in hardier equipment to better withstand storms, gas utilities have …
Delaware Insurance Commissioner Matt Denn has unveiled an online homeowner insurance tool that compares rates from 50 insurers and complements an auto insurance rate comparison that has been available since November. Denn said consumers will find that “prices among companies …
Perched on the picturesque Rhode Island coastline, the 11 Newport Mansions are a national treasure. Once a summer getaway for the country’s wealthiest industrialists, today the historic mansions are a tourist attraction for 750,000 visitors each year. Yet, as lovely …
A new report from Standard & Poor’s Ratings Services – “Insurers Seek To Weather Changes In The Weather” – stresses that for the insurance industry, “climate’s impact isn’t just a theoretical concern for the future.” S&P rather cautiously points out …
Washington’s Office of the Insurance Commissioner has scheduled a May 29, 2007, hearing in Tumwater, Wash., to consider an Austrialian group’s request to purchase three Washington-based property and casualty insurance companies. QBE Insurance Group Ltd., an Australian corporation, and its …
New York Governor Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance companies covering all outstanding insurance claims arising from the Sept. 11 terrorist attack on …
Germany’s Allianz further expanded its presence in the Russian insurance market with the announcement that it has “finalized the acquisition of the P/C insurer Progress-Garant.” Allianz purchased all of the shares from the Company’s management at an undisclosed price. Progress-Garant …
Plans are in place for what its creators say will be the first captive insurance program designed exclusively for companies that are committed to sustainable business practices such as using renewable energy and producing environmentally friendly products. Denver-based Domani Sustainability …
