A North Carolina couple was arrested on charges of arson, according to an announcement by Insurance Commissioner Wayne Goodwin. Department of Insurance criminal investigators allege that Mark Dwayne Geer, Jr. set fire to the couple’s Wilmington residence on May 12, …
ABRA Auto Body & Glass, a national damaged vehicle repair company, announced the opening of its newest franchise repair center in Princeton, Minn. The company now operates 48 independently-owned franchises and 182 company-owned locations for a total of 230 in …
A former Texas prosecutor has asked the state to pardon a woman who pleaded guilty in a 2004 car crash that killed her fiance, saying she now believes the accident was caused by a faulty General Motors ignition switch. Candice …
Toronto-based private equity firm Onex Corp. says it has agreed to acquire U.S. risk management firm York Risk Services Group Inc. for US$1.33 billion. Onex said Wednesday that the transaction is expected to close in the third quarter. York Risk …
Insurance Commissioner Jim Donelon has asked State Farm Fire and Casualty Co. (State Farm) to offer its Louisiana policyholders Louisiana the option of a 2 percent hurricane deductible on their homeowners’ insurance policies by paying the actuarially needed difference in …
Adding a teenage driver to a married couple’s car insurance policy leads to a 79 percent higher average annual premium, according to a new insuranceQuotes.com report. Teenage males (+92 percent) are much more expensive to insure than teenage females (+67 …
A recent change to bedbug fumigation will make it more cost-effective to get rid of the pests, thanks to research from Kansas State University. The phrase “sleep tight, don’t let the bedbugs bite” might have become more common in the …
Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., on a combined aggregate adverse development cover for substantially all of Liberty Mutual’s U.S. workers’ compensation, asbestos and environmental liabilities. …
General Motors Co. is the first big automaker to support legislation barring rental car companies from renting or selling vehicles subject to a recall. GM’s support was announced Wednesday by bill author Sen. Charles Schumer, D-N.Y. GM endorsed the bill …
Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say settling insurance for the loss of 298 lives and other liability could be …