Virginia-based Elephant Insurance, a recently launched direct writer for auto insurance, plans to host a grand opening for its new offices tomorrow. The company, which is owned by UK-based Admiral Group, has invited business partners, state and local officials and …
The Michigan Supreme Court on Oct. 7 heard opening arguments in a closely watched case that may decide the fate of insurers’ use of credit history in setting rates for personal lines policies in that state. In 2005, under then-Commissioner …
Insurance brokers say private insurers won’t sell flood insurance in Kent, Renton, Auburn and Tukwila where the Corps of Engineers says Green River flooding is likely this winter. Federal insurance is still available but capped at $500,000 for a structure …
The world’s mutual insurance companies are well placed to continue to grow market share in the wake of the credit crisis, but they also face a vast range of challenges, according to new research. A report by credit ratings agency …
For the first time in five years, customers are significantly happier with their homeowners insurer than they were in the past, according to market research firm J.D. Power and Associates 2009. In its survey, the National Homeowners Insurance Study, Power …
James and Maria Ivory’s dreams of a relaxing retirement on Florida’s Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes and corrodes pipes. It got worse when …
Louisiana’s Department of Insurance improperly made $29 million in incentive payments to five insurance companies before having all the agreements finalized, according to an audit from Legislative Auditor Steve Theriot. Auditors with Theriot’s office said the department awarded the cash …
Manulife Financial, Canada’s biggest life insurer, announced on Thursday that it has acquired Pottruff & Smith Travel Insurance Brokers Inc. in an all cash deal that will make it Canada’s No. 2 travel insurer. The acquisition was the second for …
Michigan insurers say they’re raising $1 million to fund a new anti-arson program in Wayne County, which faces an increase in fires-for-profit during the economic downturn. County Prosecutor Kym Worthy says the state’s most populous county isn’t doing a good …
Thanks to El Nino, the 2009 Atlantic hurricane season has been the quietest in more than a decade, offering a reprieve for residents in the danger zone and a chance for insurance firms to refill depleted coffers. With the peak …
