St. Paul’s School in Concord, N.H. has filed a lawsuit accusing its insurance company of refusing to cover most of the $5 million the school has spent repairing buildings and grounds damaged by flooding last spring. In May, floodwaters tore …
A.M. Best Co. has placed the financial strength rating (FSR) of A- (Excellent) of State-Wide Insurance Co. of Hempstead, N.Y. under review with positive implications. This action has been taken due to the announced acquisition of SWICO Enterprises, Ltd., the …
Lloyd’s has announced that all of its “managing agents writing subscription business who would use the new Electronic Claims File [ECF] initiative have agreed to the rules governing the system.” Lloyd’s called the agreement “a significant step forward for achieving …
Citizens Property Insurance Corp. opened an emergency operations center in Deland, Fla., to help policyholders whose homes were damaged by the Dec. 26 storms and tornadoes in the Volusia County area. The center is at the Hess gasoline station at …
A mansion owned by Conseco Inc. founder Stephen Hilbert will not be auctioned at sheriff’s sale. Conseco Inc. notified the Hamilton County sheriff’s department Friday that it did not want the auction for the sprawling French-style mansion, said Ryan Leitch, …
Insurance and Safety Fire Commissioner John W. Oxendine and the National Association of State Fire Marshals urges parents to protect their children – and themselves – from the dangers of fireworks during the New Year’s holiday. The sale and individual …
MySpace devotee Kary Rogers was expecting to see a gut-busting video when a friend from the popular online hangout messaged him a link. First, though, he was directed to a page where he was supposed to re-enter his password. Rogers …
Residents whose homes or businesses were damaged by tornados that struck several central Florida counties can call the Florida Department of Financial Services’ storm hotline at 1-800-22-STORM if they need help filing an insurance claim or checking the licensure of …
Gov.-elect Butch Otter has appointed three Republicans with close ties to his campaign to lead state agencies, including state Rep. Bill Deal, who takes over at the Department of Insurance after losing a bid for Idaho House speaker. Otter also …
Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months. The net gain on underwriting through nine-months 2006 stands …