The American Association of Insurance Services (AAIS) is filing two new equipment breakdown coverage options for use with its revised homeowners forms. The endorsements are currently being filed and will take effect in most states later in 2007. The new …
Australia’s corporate regulator has launched a civil suit against building materials giant James Hardie Industries NV for allegedly misleading investors about the cost of compensating victims of its asbestos products. James Hardie agreed this month to pay 4 billion Australian …
Insurance officials in Florida, where a spate of hurricanes have set the industry into turmoil, pitched the idea recently of multistate insurance pools for natural disasters to their colleagues from across the nation. Reaction was cautious among at least some …
An 84-year-old man plowed his car into a western Kentucky insurance agency office where he was planning to pay his bill. Leonard G. Rickman, of Paducah, pulled into a parking lot of the State Farm Insurance office shortly after 10 …
State Farm would cut its car insurance rates by about 16 percent if the state’s no-fault accident system ends in October as scheduled, the company said in a state regulatory filing. This week’s filing said that State Farm customers could …
A jury properly awarded a northeast Wisconsin trucker $115,000 to punish his insurance company for how it handled his claim after his semi-truck hit a deer, a state appeals court ruled this week. The insurance company acted in bad faith …
A judge declared a mistrial Tuesday in Notre Dame coach Charlie Weis’ medical malpractice lawsuit after a juror collapsed and several doctors — including the two defendants — rushed to his aid. The juror, an older man, began moaning as …
Earth’s Best Organic 2 Apple Peach Barley Wholesome Breakfast baby food, which has been recalled nationwide, should not be fed to babies because of the risk of contamination, state health officials said. Officials aren’t sure if the product was distributed …
Injured Nevada workers could face required drug tests to prevail in insurance disputes, under an industry-backed proposal debated by state legislators. The Senate Commerce and Labor Committee recently heard testimony on SB54, which would change worker compensation rules so that …
Los Angeles-based Farmers Insurance Group of Companies has announced a number of senior appointments. F. Robert Woudstra, executive vice president, has been appointed president and chief operating officer of Farmers Group Inc. In 1999, he was promoted to chief operating …