165 The estimated incurred loss ratio for insurers in Texas in 2008 is a record high of 127; the combined loss and expense ratio is 165. Texas Department of Insurance “Texas Homeowners Insurance Loss Data 1992-2008” report puts estimated losses …
The Texas insurance industry lost nearly $1.4 billion in 2008. According to figures released by the Texas Department of Insurance, for every dollar the state’s insurance industry took in it paid out $1.65. “It was a tough year for the …
Louisiana Insurance Commissioner Jim Donelon says he will “instantly” release e-mails at the center of a public records dispute involving the state’s insurer of last resort if a judge decides that he must. Donelon has been in a fight for …
Pattie Smestad, an account executive with Eagan Insurance Agency in Metairie, La., was named 2009 Region VI Insurance Professional of the Year by the NAIW (International). Smestad, who has been with Eagan Insurance for 15 years, has been a member …
The lone survivor of a helicopter crash that killed eight people in Louisiana in January is suing the aircraft’s manufacturer and two other companies. The federal lawsuit filed on behalf of Steven Yelton, of Floresville, Texas, and his wife, Kelly, …
A subsidiary of 21st Century Holding Co. (Nasdaq:TCHC) has received approval from the Florida Office of Insurance Regulation to market and underwrite commercial general liability insurance. American Vehicle Insurance Co. will offer an artisan commercial general liability program in the …
The former CEO of Louisiana’s state-backed insurance company wants the criminal case against him moved from East Baton Rouge to Jefferson Parish. Terry Lisotta’s lawyer, David Courcelle, said the fraud case should be in Jefferson Parish because that’s the home …
Three northeast states have the lowest crime rate, while Nevada, Louisiana and South Carolina have the highest crime rate, according to a new study. New Hampshire (1) received the lowest crime rate ranking again this year, followed by Vermont (2) …
Auto Club Insurance, MEEMIC Auto Club Insurance Association, a Dearborn, Michigan-based insurer, reported it has agreed to acquire MEEMIC Insurance Co. and its insurance agency affiliate, MEEMIC Insurance Services Corp. ACIA is the second largest provider of auto insurance in …
BrickStreet Mutual Workers’ compensation insurer BrickStreet Mutual Insurance Co. wants to expand into Kentucky, Virginia, Alabama, Pennsylvania and Illinois. President and Chief Executive Officer Greg Burton says the West Virginia-based company plans to apply in those states over the next …
