Allstate Corp. CEO Thomas Wilson said at the insurer’s annual meeting this week that the company’s shift away from catastrophe-prone areas and into products other than homeowners insurance will take years to complete. The first-year chief executive said the number …
Seguros ING S.A. de C.V., the Mexican insurance subsidiary of The Netherlands’ ING Group has received official notification from a federal appellate court in Mexico City that its claims dispute with the Mexican company Grupo Fertinal S.A. and certain affiliates …
Bermuda-based Ironshore Insurance Ltd. has been approved to provide property and catastrophe insurance on an excess and surplus basis for risks located in the State of South Carolina. Ironshore will provide commercial property and condominium coverages to “coastal exposed” businesses …
The Association of British Insurers praised a recently announced UK government initiative to provide a £500,000 ($988,000) funding package to help make flood vulnerable homes more resilient against flooding. Jane Milne, the ABI’s Head of Property Insurance, noted: “Flooding has …
A new report shows a big jump in jobless insurance claims by Nevada food service workers following voter approval in November of a higher minimum wage and a smoking ban in bars and restaurants and other locations. Terry Johnson, director …
Judges and an insurance trade association stated that they’re opposed to a bill that would restrict Nevada judges’ ability to seal court records, raising questions about its lack of privacy protections. Chief Clark County District Judge Kathy Hardcastle told the …
Actor Tom Sizemore has settled lawsuits brought against him by State Farm Insurance and his former girlfriend, one-time Hollywood madam Heidi Fleiss. Papers filed in Superior Court in California said that resolutions were reached in both cases. The terms were …
Insurance industry associations are criticizing Washington Gov. Chris Gregoire for signing into law the Insurance Fair Conduct Act, a measure they say will raise insurance costs for consumers. According to the American Insurance Association, National Association of Mutual Insurance Companies …
Washington has signed a credit security freeze law, designed to protect residents from identity thieves. According to the office of Attorney General Rob McKenna, the law should reduce the risk of unauthorized credit or bank accounts being opened, and help …
The Texas Department of Insurance (TDI), Division of Workers’ Compensation (Division) announced it has improved the functionality of more than 90 forms posted on the agency Web site, http://www.tdi.state.tx.us/wc/indexwc.html. The changes will allow system participants to save electronic versions of …