A settlement has been reached in an investigation that Texas Attorney General Greg Abbott says uncovered collusion between a Bermuda-based commercial casualty insurer and various U.S. insurance companies. The settlement amount in the antitrust case is $2.1 million, the AG’s …
Warning of another looming hurricane season, lawmakers including Florida Gov. Charlie Crist pleaded this week in Washington for a national catastrophe fund to help stabilize an insurance industry that they say has gone berserk in coastal areas. The Bush administration …
Vertafore, Inc., a provider of software and services solutions to the insurance industry, has acquired ImageRight from Advanced Solutions Inc. Financial details of the transaction were not disclosed. The acquisition closed on April 5, 2007. ImageRight is an insurance-specific document …
Tenn. Gov. Phil Bredesen has requested a federal designation of agricultural disaster for all 95 counties in his state to help farmers who have suffered crop damages as a result of last week’s deep freeze and record low temperatures. A …
Vermont’s Catholic Diocese has met most of the standards set by the U.S. Conference of Catholic Bishops to prevent sexual abuse by priests, but came up short in training volunteers, an audit has found. Vermont and the Cincinnati diocese were …
State Farm Insurance Co. announced the details of how Mississippi policyholders can have their Katrina wind damage claims reevaluated under the agreement it reached last month with Mississippi Insurance Commissioner George Dale. The insurer has agreed to take another look …
Effective immediately, military personnel insurer USAA said it will “significantly restrict” the number of new homeowner, fire, and renter insurance policies it sells in Florida. USAA will only sell new homeowner or renter insurance policies for the primary residences of …
The National Mining Association has asked a federal court to throw out a federal requirement that underground coal mines provide enough breathable air to keep trapped miners alive until they’re rescued. The association contends the federal Mine Safety and Health …
Darwin Professional Underwriters Inc., a specialty insurance company and provider of technology liability insurance coverage, has developed an online calculator that allows companies to estimate their financial risk from data theft. The Tech//404 Data Loss Cost Calculator provides companies, with …
Matthew D. Nickerson has been appointed senior vice president, and manager, Personal Lines for Liberty Mutual Agency Markets, a business unit of Liberty Mutual Group that distributes products and services primarily through independent agents and brokers. In this leadership role, …