State Farm Insurance Co. has paid out about $12 million in claims with more still coming in after a Kansas tornado that destroyed a town two weeks ago and killed at least a dozen people, the company said. Home and …
Farmington, Conn.-based Darwin Professional Underwriters, Inc. reported that net income increased 87 percent to $5.2 million for the first quarter of 2007, while gross premiums rose 24 percent to $74 million during the same period. Highlights for the quarter ending …
New Mexico automobile body repair shops have been busy repairing vehicles battered by a massive March 23 storm that walloped Clovis and Logan with tornadoes. Richard Dindinger, manager of Bender Body Shop, said his crews have been replacing vehicle roofs …
Tornado and hail that tore across New Mexico in March has an estimated insurance price tage of $16.5 million, according to the Rocky Mountain Insurance Information Association. The association said insurance adjusters have been busy in Clovis, Logan, Roswell and …
A judge weighed possible contempt penalties this week for two Mississippi sisters and a prominent lawyer over thousands of pages of State Farm Insurance Co. documents that were secretly copied as possible evidence in lawsuits stemming from homeowner claims after …
Darwin Professional Underwriters Inc. has established a comprehensive risk management and loss control program for its managed care errors and omissions (E&O) liability policyholders at no additional cost. The services offered through Darwin’s risk management program are designed to complement …
The Surplus Line Association of California (SLA) has released its analysis of annual filed premium, which indicates that $6.02 billion in California surplus line insurance premiums were processed in calendar year 2006. The figure represents 509,302 policies written, said Ted …
Richmond, Virginia – Professional Governmental Underwriters, Inc. (PGU) today announces the introduction of new, enhanced public entity errors and omissions (E&O) liability insurance products, with policies designed for Public Officials Professional and Employment Practices Liability, Educators Professional and Employment Practices …
A.M. Best Co. announced that it has affirmed all of its applicable ratings on Hiscox and its separate operating entities, following the move of its corporate domicile to Bermuda from the UK. Best gave the following information on the ratings …
Security breaches are becoming more frequent as businesses increasingly rely on technology to store and transfer assets and sensitive information, such as customer names and credit card numbers. With each security breach, there is the risk that a lawsuit or …