An eastern Kentucky coal operator sued by the federal government for failing to pay penalties over health and safety violations has agreed to post a bond to ensure payment of future fines. Stanley Osborne, head of Misty Mountain Mining and …
Leaders of the North Carolina General Assembly say legal loopholes that allow speeders to avoid punishment should be changed immediately, including the practice of judges who allow high-speed offenders to keep their driver’s licenses and avoid higher insurance premiums. Speeding …
Gov. Mike Easley said he is comfortable the state could respond to a major hurricane strike, even though he has complained often that the demands of the Iraq War has left the North Carolina National Guard stretched too thin. “We …
American homeowners could save $11.6 billion annually if private funded catastrophe programs were enacted in disaster-prone states and backed by a similar national program, according to Milliman Inc., an actuarial and consulting company based in Washington. According to the report, …
THI Holdings (Delaware) Inc., a Nationwide company, through one of its agency subsidiaries, has acquired Anaheim Hills, Calif.-based Eastwood Insurance Services Inc. The assets of Eastwood totaled $217 million. Financials for the transaction were not disclosed. Eastwood Insurance operates 47 …
Seattle-based Safeco announced it is cutting homeowners insurance rates in Oregon by as much as 17.3 percent, with the amount of the decrease varying by location. According to the company, the rate reduction stems from seeing improvements in both the …
California Insurance Commissioner Steve Poizner announced that he will seek refunds for Allstate customers if the Department of Insurance determines that the company’s rates are excessive. Earlier this month, the insurer announced it would stop writing new homeowners and landlord …
Exclusive Video Interview Greenberg Interview, Take 2: Contingent Commissions The controversy over contingent commissions paid to insurance brokers has been mishandled and that has caused unfortunate disruption in the industry, according to C.V. Starr & Co. Chairman Maurice “Hank” Greenberg. …
DALLAS, TEXAS – Competitive pricing, commissions and compensation packages. These are just a few of the reasons agents choose Unitrin Specialty when writing commercial vehicle insurance. Agents writing fleet accounts are increasingly relying on the strength and stability of Unitrin …
New York Governor Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance companies covering all outstanding insurance claims arising from the Sept. 11 terrorist attack on …