Seventeen U.S. insurance companies became financially impaired in 2006, despite a respite for property/casualty insurers from two consecutive turbulent hurricane seasons and more diversified asset portfolios among life/health insurers. That is according to two new A.M. Best Co. special reports, …
A federal judge has ruled that the insurance company for a Bloomfield trucking company involved in a fiery fatal crash on Avon mountain does not have to pay victims and families of those killed. The ruling involves American Crushing and …
Pennsylvania’s two largest health insurers are in talks for a possible merger, according to a memo one of the companies’ chief executives sent to employees last Friday. Joe Frick, president and chief executive of Independence Blue Cross in Philadelphia, said …
Restaurant chain Cracker Barrel is suing two of its insurance carriers, claiming they did not reimburse the company after it settled sexual and racial harassment claims for $2 million. The lawsuit filed last week in U.S. District Court in Nashville …
TITLE: Okla. Commissioner: Faith-based benefit firm considered an insurer A Tulsa, Okla.-based Christian organization that pools member money to pay medical bills, but says it isn’t an insurance company, is still going to be treated like one, a state official …
Louisiana Insurance Commissioner Jim Donelon wants to use $100 million in state money as financial incentives for insurers, hoping the lure will make companies more likely to write homeowners policies in coastal parishes. The so-called “surplus match” plan would create …
Florida’s wealthy residents have a new personal lines insurer promising to save them money on premiums. The company will sell property/casualty insurance for high value homes, cars, jewelry, art, and personal excess liability coverage. It will offer windstorm deductibles from …
The insurer behind the performance bond for part of the troubled Interstate-84 construction in Connecticut will pay $17.5 million to settle claims involving installation of defective drains, according to an agreement worked out with state officials. The payment from United …
Maryland has decided not to require home insurers to cover all areas of the state, even coastal areas. The state Senate was considering a bill to require the insurance after state’s second-largest home insurer — Allstate Corp.’s Allstate Insurance Co. …
Representatives from a Boston-based insurance company personally presented a $2 million check to Gov. Bob Riley and Enterprise city officials as the first installment toward the coverage of two Enterprise schools damaged by a tornado on March 1. Officials from …
