Missourians should exercise caution when supporting an alleged Tennessee-based charitable organization, the Missouri Department of Insurance, Financial Institutions and Professional Registration said in a recent release. At least three states have issued cease-and-desist orders against the National Foundation of America …
Severe tornadoes in several southern states helped push catastrophe losses to more than $1.2 billion during the first quarter of 2007, according to the industry’s Property Claim Services (PCS), a unit of Insurance Services Office. U.S. property/casualty insurers are expected …
National insurance companies would be prevented from setting up new, Florida-only subsidiaries under a bill a House panel approved Monday, part of an effort to force property insurance rates lower to appease angry residents. In a further nod to consumers— …
New York-based Delos Insurance Company launched a new excess and surplus (E&S) lines company, Naxos Insurance Company, which will be a wholly-owned subsidiary of Delos. Naxos operations will be managed under terms of an agreement with Delos. Incorporated and licensed …
Florists’ Mutual Insurance Company (Hortica), an Illinois-based provider of employee benefits and insurance to companies in the horticultural industry, reported that a locked shipping case containing magnetic backup tapes cannot be located. Hortica believes that the backup tapes contained personal …
For more than 30 years, Leonard Crouse has been credited as a key figure in advancing the captive insurance industry. Now Crouse, the deputy commissioner for captive insurance for Vermont, has been honored for his efforts with the 2007 Distinguished …
For more than 30 years, Leonard Crouse has been credited as a key figure in advancing the captive insurance industry. Now Crouse, the deputy commissioner for captive insurance for Vermont, has been honored for his efforts with the 2007 Distinguished …
Private insurers would have an easier time getting rate increases and an effort would be launched to end competition from the state-created Citizens Property Insurance Corp., under a bill that cleared a House panel last Friday. The measure would counteract …
The American Insurance Association (AIA) says the tort reform package (S.B. 507) recently passed by Oklahoma Legislature will reduce the number of frivolous lawsuits and therefore encourage economic development in the state. The bill awaits Gov. Brad Henry’s signature. According …
The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth quarter, American International Group’s rose eightfold. A year and a …
