Insurance regulators in Arizona have seized the main subsidiary of private mortgage insurer PMI Group Inc. A statement on PMI’s website says a court order gives Arizona’s Department of Insurance full possession and control of the Arizona-based subsidiary, PMI Mortgage …
There are still three months left in 2011, and hurricane season is not over until November 30, yet this year will go down as record-setting when it comes to federal disaster declarations, according to the Insurance Information Institute (I.I.I.). “The …
NASA has pinpointed where its now famously falling satellite landed, and unless you are an insurer of someone who lives in the middle of the Indian Ocean between the coast of African and the Antarctic, your worries are over. According …
A Napa insurance company has agreed to pay $230,000 to two female employees who claimed they were fired after complaining about sexual harassment. The San Francisco Chronicle reports that Doctors Co. agreed to the settlement with Kimber Thompson, a former …
Florida’s largest insurer of homes and businesses has agreed to lower a proposed rate hike for sinkhole coverage that would take effect next year. But some critics said the move didn’t go far enough and they still want state legislators …
A federal court of appeals found in favor of Liberty Mutual in a case that dealt with whether the carrier acted in bad faith upon refusing to reimburse defense costs in two underlying lawsuits against its insured. The underlying case …
A doctor was awarded $3.4 million after jurors found that a Texas-based medical malpractice insurer committed unfair and deceptive practices when it wrongly denied insurance coverage after the doctor was sued by a former patient. In the verdict, issued Aug. …
Connecticut is negotiating with several insurance companies to waive hurricane policy deductibles for coastal homeowners whose properties were damaged or destroyed by Tropical Storm Irene, Gov. Dannel P. Malloy said Friday. More than 163,000 electric customers in the state remained …
Ping An Insurance Co. of China Ltd. said Thursday its fast-growing banking business helped to boost profit for the first half by nearly 33 percent. Profit for the six months ending June 30 was 12.8 billion yuan ($1.9 billion), Ping …
Effective later this month, Unitrin, Inc. will conduct business under its new name, Kemper Corporation. Purchased in 2002, the Kemper personal lines business represents the company’s largest business unit with just under $1 billion in total earned premiums in 2010. …