A federal judge heard closing arguments Wednesday in the first courtroom challenge of the insurance industry’s denial of billions of dollars of homeowners’ claims after Hurricane Katrina. U.S. District Judge L.T. Senter, Jr., who heard seven days of testimony without …
Ohio Gov. Bob Taft recently signed legislation which includes provisions benefiting farm mutual insurance companies and their policyholders, according to the National Association of Mutual Insurance Companies’ (NAMIC) written statement. House Bill 442, introduced by State Rep. Matthew J. Dolan, …
The board chairman of Citizens Property Insurance Corp. has called an emergency meeting of the board of governors in Tallahassee, Fla. Friday July 21 to discuss the dwindling builder’s risk insurance market. Citizens carries about 6,000 of the policies that …
The Professional Insurance Agents of New Hampshire Inc.’s NumberOne Comp Program, which offers a variety of monoline workers’ compensation market options to association members, has been upgraded to provide insurance agents with real-time service and new policy delivery services. The …
Peerless Insurance, a member of Liberty Mutual Group, is helping its 151,000 homeowner insurance customers throughout the northeast protect their families and homes during hurricane season. A six-page Disaster Planning Guide is available to policyholders on the Peerless Insurance Consumer …
A Northeast hurricane hitting New York state could result in insured losses of $65 billion, Lloyd’s America President Wendy Baker warned today. “The stakes are huge,” Baker said in a speech to the Northeast Hurricane Conference in Manhattan. “Considering Manhattan …
It will cost $3 million to prevent more flooding on an Oregon highway damaged last month when a dike failed, state officials say. Oregon 140, which links Klamath Falls with Medford, was closed a week after the Geary Canal dike …
Editor’s note: This story updates campaign figures for Louisiana insurance commissioner candidates which were posted July 18 on this Web site. The three candidates running for Louisiana’s Commissioner of Insurance raised more than $1.2 million in contributions and loans since …
Business leaders expressed continued concern this week that Iowa lacks enough workers to maintain a growing business climate. Business managers, insurance executives, and economic development directors discussed the issue at a forum, with many blaming the state for not keeping …
Texas’ State Office of Administrative Hearings (SOAH) recently ordered University Health System to pay a fine of $2,500 to the Texas Department of Insurance, Division of Workers’ Compensation (DWC) for late payment of income benefits to an injured employee. According …