Declarations
Meant It “I meant exactly what I said in August 2007. I did not expect actual, economic losses on the portfolio. That said, I was truthful at all times about the unrealized accounting losses and did my very best to …
Tennessee Wife Whose Suicidal Husband Burned Home Denied Claims
A Tennessee woman whose terminally-ill husband burned down his house in an attempted suicide in 2004 is not entitled to collect under policies for the house and autos destroyed in the fire. The Tennessee Court of Appeals recently agreed that …
National Interstate Expands Commercial Auto to 4 More States; Seeks Agents
National Interstate Insurance Co. is now making its commercial vehicle insurance product available in Alabama, Georgia, Tennessee and Virginia. The Richfield, Ohio company said it is actively seeking to increase its agent/broker network with new appointments. Originally launched in 2006, …
State Auto Estimates Pre-Tax Cat Losses of $55M – $60M in Q2
Columbus, Ohio-based State Auto Financial Corp. announced preliminary estimates of losses due to second quarter 2010 catastrophe storm activity. The company expects second quarter 2010 results will include between $55 and $60 million in pre-tax catastrophe losses. STFC has averaged …
Hanover Estimates $85 Million Catastrophe Loss for Q2
Worcester, Mass.-based The Hanover estimated its pre-tax losses resulting from catastrophe events in the second quarter of 2010 to be approximately $85 million. The majority of the losses were associated with six significant events, including two severe hail and wind …
Tennessee Sees Few Citations Under Year-Old Texting While Driving Law
Police across Tennessee are writing few citations under the year-old texting-while-driving law. The statute went into effect in July 2009, allowing officers to write tickets to drivers they catch sending cell phone text messages while operating vehicles. The fine for …
Insurance Covers Repairs to Nashville Public Works Hit by Floods
Local taxpayers in Nashville will largely be off the hook for the costs of repairing public facilities damaged by severe flooding in May. The Tennessean quoted Metro Nashville Finance Director Rich Riebeling, who said the estimated cost of fixing public …
Tennessee Court Denies Claim By Wife Whose Husband Burned Home
A Tennessee woman whose terminally-ill husband burned down his house in an attempted suicide is not entitled to collect under policies for the house and autos destroyed in the fire. The Tennessee Court of Appeals has upheld a lower court …
Arkansas: Consumers Scammed by Insurer Face Claim Deadline
Arkansas Consumers who were scammed by an unlicensed health benefits company called American Trade Association Inc. (ATA) or its affiliates have until Aug. 31, 2010, to pursue a refund of money they paid for this phony insurance product, the Arkansas …
FBI Raids Tennessee Payroll, Insurance Firm Sommet Group
Federal agents have raided the office of a Williamson County company with a connection to the Nashville Predators. The Tennessean reports that the FBI, working with the U.S. Department of Labor and the Internal Revenue Service, executed a search warrant …
