insurance News

Flood Insurance Claim Deadlines Near in South Dakota

State and federal officials are cautioning South Dakota flood victims that time might be running out to file flood insurance claims. Normally, claims for flood damage under policies underwritten by the National Flood Insurance Program must be filed within 60 …

UPC Approved to Write P&C Insurance in Rhode Island

United Property and Casualty Insurance Company (UPC), a homeowners insurer, has been approved by the Rhode Island Department of Business Regulation to write property and casualty insurance in the state as an admitted carrier. UPC is a wholly-owned subsidiary of …

Insurer Asks Nebraska Court to Review Carbon Monoxide Case

An insurance company is asking a federal court to absolve it from paying a claim by the widow of a central Nebraska church pastor who died of carbon monoxide poisoning in a house owned by the church. John Green had …

New Insurance Laws Go Into Effect in Missouri

Missouri homeowners hit by damaging storms now have stronger protections in place under two new state laws that recently went into effect, insurance regulators announced. The laws allow insurance companies to better serve hard-hit areas and protect consumers against unscrupulous …

Alabama Insurance Special Session Possible in January

The special legislative session that Gov. Robert Bentley has promised on the affordability and availability of homeowners insurance could come in early 2012. The governor and the chairman of his insurance commission said a special session is possible in January …

Fire-Weary Texas Residents Looking to Insurance

Brandon Bunker knew there would be nothing left. He knew from videos he had seen online that the home he and his wife shared with his father was a total loss and that his Jeep Grand Cherokee had been reduced …

Insurance Industry’s East Coast Volunteer Week Set for Oct. 15-22

Volunteer Week, an Insurance Industry Charitable Foundation’s (IICF) event, will be held October 15-22, 2011 in the New York tri-state area and New England. During the eight-day industrywide event, teams of insurance volunteers will fan out into local communities to …

Zurich Wins West Virginia Agencies Workers’ Comp Contract

West Virginia state agencies will have a new workers’ compensation insurance provider beginning next month. Zurich Insurance Co. submitted the winning bid of $19 million for the one-year contract. Zurich will replace BrickStreet Mutual Insurance Co. Acting Insurance Commissioner Michael …

Auto Insurance Changes Debated in Michigan

Possible changes to Michigan’s unique auto insurance coverage for people injured in accidents are coming up for debate in the state Legislature. Michigan now is the only state in the nation that mandates unlimited medical benefit coverage for people seriously …

9/11’s Costly Insurance Impact

According to the Insurance Information Institute (III), 9/11 was the largest claims payout in global insurance history. The terror attack produced insured losses of about $32.5 billion; the cost exceeded only by Hurricane Katrina. 9/11-related losses were paid out across …