United States News

Some Rezoned Flood Insurance Policyholders Get Price Break

The nation’s flood insurance program is extending the availability of lower cost policies for some property owners who have been recently remapped into higher-priced areas. Since 2008, many homes and businesses in the United States have been rezoned on Federal …

A New Way to Reach Consumers

Fiesta Auto Insurance Combines Insurance and Tax Preparation Services Under One Roof Modeling an insurance agency business after a sandwich shop might sound like an unusual goal, but that’s what John Rost, founder, president of CEO of Fiesta Auto Insurance …

Business Moves

Western National, Arizona Auto, Legacy Western National Insurance Group (WNIG) of Edina, Minn., signed an agreement for the purchase of 100 percent of the stock of Arizona Auto Insurance Co. and Legacy Insurance Services, both headquartered in Phoenix. The purchase …

Court: Michigan Workers’ Comp Law Blocks Anti-Racketeering Suit

Michigan’s workers’ compensation statute blocks employee lawsuits against employers brought under federal anti-racketeering law, a federal judge has ruled. Federal Judge Paul D. Boren for the second time has dismissed a suit brought by a group of employees at Cassens …

A Franchise Model for Insurance Agencies

Fiesta Auto Insurance Combines Insurance and Tax Preparation Services Under One Roof Modeling an insurance agency business after a sandwich shop might sound like a strange idea, but that’s what John Rost, founder, president and CEO of Fiesta Auto Insurance, …

Declarations

Insurer Suits “We are expected to be one of several insurance companies that are taking this action.” —Allstate spokeswoman Christina Loznicka after Allstate Insurance Co. announced it had sued Toyota Motor Corp., seeking to recover more than $3 million the …

People

Texas-based Roach Howard Smith & Barton (RHSB) announced that Jan Holcombe joined the company as vice president of personal client services. Holcombe brings more than 20 years of experience as an insurance counseling and management specialist. She will be in …

Loss of Insurance Job Cited in California School Shooting Case

The man suspected of opening fire at a Carlsbad elementary school, wounding two girls, had a minor brush with the law in 2002 in Illinois when he pleaded guilty to misdemeanor telephone harassment, the San Diego Union-Tribune reported. Bonnie Ramirez …

Poll Shows AIA IPO Price Seen Above Mid-point; Will Raise $19.8 Bn

The IPO of American International Group Inc’s Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the world’s second-largest float this year. Bailed out insurer …

Soft Market Persists; Fierce Competition to Continue into 2011: Marsh

Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh. Intense competition and overabundance of capacity continue to define the commercial …