Puts Faith in Independent Agents Liberty Mutual Group is throwing in the towel on direct distribution of insurance to middle market businesses. Because it couldn’t beat independent agents and brokers — who dominate sales in this segment — Liberty Mutual …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. High-Value Homeowners’ Protection Market Detail: Irwin Siegel Agency Inc. brings agents access to AIG’s Private …
Automobile fatalities declined in 40 states in 2008, according to a survey of state highway safety agencies, an early sign that traffic deaths could dip to their lowest levels in four decades. The Governors Highway Safety Association, which represents state …
The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during December. The actions include five license revocations, three license denials and fines and restitution totaling $41,082. Copies of Geeslin’s orders may be obtained …
State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry, shooting down hopes for up to $30 billion in relief. The National Association of Insurance Commissioners (NAIC), a group representing regulators in all …
An insurance company might have to pay big money to people claiming asbestos-related injuries under a Wisconsin Supreme Court ruling. The court ruled in a dispute between Plastics Engineering Co. and its insurer, Liberty Mutual. The company made products containing …
The Wisconsin Supreme Court says a former high school cheerleader cannot sue a teammate who dropped her while practicing a stunt in a case closely watched in the cheerleading world. Brittany Noffke was a cheerleader at Holmen High School when …
The Wisconsin Supreme Court has ruled in favor of the insurance company in a closely-watched case involving a farmer’s business auto policy and whether its underinsured motorists endorsement applies to a family member hurt while driving in a different vehicle. …
Acuity of Sheboygan, Wis., announced it will begin writing business in New Mexico. The expansion into the New Mexico marketplace is planned for mid-2009. Acuity is a property and casualty insurer that operates in 18 states, writes $800 million in …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of B+ (Good) and issuer credit rating (ICR) of “bbb-” of Great Northwest Insurance Co., which is headquartered in St. Paul, Minn. …
