Insurers continue to tally claims from Tropical Storm Fay after its fourth landfall occurred on the Panhandle. The Florida Office of Insurance Regulation compiled and released the latest numbers from some of the state’s highest volume insurers. As of 8:30 …
An aerial photo shows a flooded area of downtown looking North over Cedar Rapids, Iowa, June 13, 2008. Interstate I-380 can be seen on the left while Mays Island, with Cedar Rapids City Hall, is seen on the right with …
Declarations “While Allstate publicly touts its ‘good hands’ approach, it has instead privately instructed its agents to employ a ‘boxing gloves’ strategy against its policyholders.” – Washington, D.C.-based American Association for Justice CEO Jon Haber comments on his organization’s ranking …
One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid costly litigation after disasters …
The financial condition of the property/casualty industry is strong, and should be able to withstand the current price deterioration, according to a new industry study. “The outlook for the next three years – through 2010 – is generally soft for …
The average cost of dog bite liability claims increased by 11.5 percent in 2007 to $24,511. Man’s best friend is sinking its teeth into homeowners insurance costs. Dog bites now account for one-third of all homeowners insurance liability claims, costing …
The financial condition of the property/casualty industry is strong, and should be able to withstand the current price deterioration, according to a new industry study. “The outlook for the next three years – through 2010 – is generally soft for …
The Canadian insurance industry is seeking ways to stem a rising tide of claims for water damage to homes that it says results partly from aging sewer systems that badly need replacement. Some of its response involves raising the rates …
Ohio will receive $541,000 as part of a health insurer’s $20 million settlement of allegations that it misled consumers and mishandled claims. State Department of Insurance Director Mary Jo Hudson said Friday, August 15, that the agreement with Texas-based HealthMarkets …
A judge in Louisiana has asked a state official to review the validity of private attorneys’ contracts to represent Louisiana’s attorney general in a case over the state’s Road Home hurricane recovery program. U.S. District Judge Stanwood Duval said insurance …
