Insurers News

Insurer Pays $5 Million in Deaths of 2 Bicyclists in South Carolina

An insurance company is paying $5 million to settle a case of a North Carolina driver that struck and killed two bicyclists in South Carolina. The State newspaper reported that a federal judge approved the settlement for the family of …

Accidents Involving Recalled Toyotas Still Have Coverage, Insurers Say

Toyota owners should place safety first and follow the car manufacturers’ instructions regarding the recalled vehicles, insurers say. After the recall of some 8 million Toyota vehicles, insurers are urging vehicle owners not to hesitate on contacting Toyota dealers. “If …

Nebraska Court: Insurers Must Pay in Pollution Case

The Nebraska Supreme Court on Feb. 5 upheld a decision ordering two insurance companies to pay about $550,000 of the cost of cleaning up industrial contamination in Hastings. The ruling sets the standard in Nebraska for determining how much insurance …

Keystone Insurers Continues Kentucky Expansion; Adds 5 Agencies

Five more insurance agencies have joined the Keystone Insurers Group in Kentucky, bringing to 11 the total number of KIG agencies in the state. The latest to join are Hayes-Utley-Hedgspeth, Moore Insurance, Cambridge Insurance, Wooten Insurance and Johnson-Pohlmann. These five …

Private Crop Insurers Oppose Funding Cuts

The private crop insurance industry is blasting a proposed restructuring in the crop insurance program they say would cut $4 billion – or $800 million a year – over the next five years. The proposal by the U.S. Department of …

Private Crop Insurers Oppose Funding Cuts

The private crop insurance industry is blasting a crop insurance program proposal they say would cut $4 billion – or $800 million a year – over the next five years. The proposal, by the U.S. Department of Agriculture and the …

Insurers Decry Overturn of Illinois Med-Mal Caps; Attorneys Praise Ruling

The American Bar Association says the Illinois Supreme Court was right in striking down as unconstitutional the caps on non-economic damage awards in medical malpractice cases. Insurer groups, however, say the decision will add to rising health care costs and …

Game Day Prediction: Pizzerias and Insurers Win on Super Bowl Sunday

February 7 — Super Bowl XLIV Sunday — may be the most hyped-up day of the year for football fans, and it’s also the most exciting day of the year for many pizza parlors that see record sales that day. …

House to Vote on Repeal of Health Insurers’ Antitrust Exemption

The U.S. House of Representatives will vote next week on repealing the antitrust exemption for health insurers, but Democrats remained uncertain Tuesday on how to proceed on a broader healthcare overhaul. Senate Democratic leader Harry Reid and House Speaker Nancy …

Nevada Reminds Producers, Insurers of New Insurance Card Law

Starting February 1, Nevada motorists will be required to present proof of insurance at the Department of Motor Vehicles when registering a vehicle for the first time. To assist Nevadans who might not be aware of this new requirement, Insurance …