The first hurricane of the 2009 Atlantic season may end up skipping past the United States, leaving insurers to hope that the next ominous storm clouds will come ashore with a silver lining. Insurers can face billions of dollars in …
Michigan insurance companies say that so-called “bad faith” bills approved by the House Insurance Committee today are unnecessary and will open the floodgates for lawsuits against them, eventually costing consumers money. Meanwhile, House Democrats who are sponsors of the “bad …
Unsurprisingly, the industries whose reputations have been most badly hurt in the last 12 months are car manufacturers (down 31 points), banks (down 24 points), and investment and brokerage firms (down 27 points), according to a new poll on consumer …
Michigan regulatory officials have charged an insurer and its managing general agency with fraud in the selling of surplus lines insurance. But the owner says his company that is in runoff has done nothing wrong. The Office of Financial and …
Insurance companies have begun telling some policyholders in Eastern Oregon to protect their buildings against wildfires, say industry and government officials. One Oregon Department of Forestry official said he’s been doing wildfire risk assessments for three decades, and this is …
Colorado’s dominant workers compensation insurer last week defended its spending on travel and entertainment for its agents, telling Colorado lawmakers it’s good for morale and helps lower costs in the long run. Pinnacol Assurance’s expenses have included $143,930 for a …
Overall customer satisfaction with auto insurance companies is up significantly in 2009. But the gap between agency writers and direct writers may be coming closer to a “photo finish,” says the author of a new study by J.D. Power and …
New Jersey personal auto insurer Palisades is using a unique approach to market itself: an “art gallery” of 13 highway billboards across the state. The images were picked by online voting and were pared down from more than 900 entries …
North Carolina Insurance Commissioner Wayne Goodwin said today, just one week after the General Assembly passed reforms to the state’s coastal insurance plan, that the insurance company for AAA Carolinas will begin offering homeowners insurance throughout the state. Goodwin said …
The Washington Department of Ecology is receiving $800,000 from a settlement agreement, which will be used to advance cleanup of the former Lilyblad Petroleum site on the Tacoma tide flats. Ecology is one of three parties receiving money from the …
