Insurance agents in Florida are gearing up for a special legislative session on whether to keep the state’s no-fault personal injury protection auto insurance law. Professional Insurance Agents of Florida Government Affairs Director Ron Villella noted that Gov. Charlie Crist …
The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to industry analysts at the ISO and the Property Casualty Insurers …
Deerbrook Auto insurance has announced it is pulling out of the California market. The company, which is owned by Allstate, submitted its application to withdraw from the state on May 31, a spokeswoman said. The company said it is no …
Gov. Charlie Crist knows a new law hasn’t cut home insurance rates as much as he and consumers had expected. Crist said some insurance companies have not filed for rates as low as he had hoped after lawmakers changed state …
In Florida, the Tampa and Daytona Beach offices of Burns and Wilcox announced the availability of ACE Westchester Specialty Group’s pollution liability insurance product, as offered through Westchester Surplus Lines Insurance Co., and Illinois Union Insurance Co. The product can …
Standard & Poor’s Ratings Services has assigned its “AA” long-term counterparty credit and insurer financial strength ratings to Generali IARD and Generali Vie, the main operating entities of the French holding company, Generali France (not rated). The outlook on both …
Allstate Insurance Co. has agreed to a mass settlement of claims by a group of Mississippi policyholders who sued the insurer over damage to their homes from Hurricane Katrina, a company spokesman and a lawyer for the homeowners said. Terms …
A Louisiana state-chartered bank would be created, touted as a way to spur private investment in the rebuilding of public infrastructure devastated by Hurricane Katrina, under a bill nearing final legislative passage. The bill by Sen. Ed Murray, D-New Orleans, …
New Hampshire Gov. John Lynch is in the middle of a battle over a bill to change the way juries can assign blame in lawsuits. Lynch has talked with business groups who are against the change and with trial lawyers …
Two passengers who witnessed their intoxicated friend crash his car into the back of a motorcycle had an obligation to help the injured man, a New Jersey appellate court has ruled. The driver and his passengers made 44 cell phone …