The New Mexico legislature has passed a bill that would establish a file and use rate regulatory system for most personal lines of insurance. The Insurance Rate Regulation Law, SB 483, applies to all kinds and lines of direct insurance …
A House committee approved almost $4 billion in agricultural disaster aid late last week, a first step for the controversial legislation. The money is included as part of a war spending bill that would require withdrawal of U.S. troops from …
A San Francisco jury has ruled in favor of the family of a drywall taper in a products liability case against a former manufacturer and supplier of asbestos-containing joint compound, spray texture and acoustical ceiling spray. The jury determined that …
Allstate Insurance Co. said it intends to open a new claims center in Cheyenne, Wyo., that will bring at least 200 jobs to the city. The company plans to open an Allstate Express call center in the former Trilegiant building …
Mississippi Insurance Commissioner George Dale said he has convinced State Farm to reopen and readjust all Hurricane Katrina claims in the Mississippi coastal counties upon request of policyholders. He said State Farm has agreed and informed him that it intends …
Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings has opened a branch office in Seattle. The Seattle office will be managed by Doug May, who has been appointed executive vice president. Prior to joining Willis, May …
A federal judge in Louisiana has set a trial date for late 2008 to hear a lawsuit over a navigation channel built and operated by the Army Corps of Engineers that contributed to the flooding of St. Bernard Parish and …
Two Louisiana lawmakers said they support a plan to overhaul the state-backed insurance company by opening much of its business to bidding among private firms. Sen. James David Cain, chairman of the Senate Insurance Committee, and Sen. Ken Hollis, chairman …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of “B++” (Good) and assigned a category of “NR-5” (Not Formally Followed) to Canada’s Insurance Corporation of Newfoundland Limited (ICON). “This rating action is a result of ICON’s amalgamation into …
Minnesota Gov. Tim Pawlenty says the state should consider a plan that would provide money for residents of the western Minnesota town that did not have flood insurance. Pawlenty toured areas of town that were affected earlier this week when …