State Farm Says It Warned U.S. Officials About Toyota Accident Trend in 2007

Private insurer State Farm informed a U.S. government regulator of a worrying trend of vehicle-caused accidents involving Toyota Motor Corp. as far back as late 2007, an official at the company said. “When you start to see significant claims activity that indicates that there may be widespread problems with a product, ...

The Main Street America Group reported its 2009 financial results that included a 1.3 percent increase in net premium to $815 million, an 18.2 percent return on equity, and a ...

K. Patrick Armstrong has joined the executive team at New York-based ReSource Pro as a business process consultant. Armstrong will work with insurance agencies, brokers, MGAs ...

ACE Westchester, the Philadelphia-based wholesale-focused P/C operation of the ACE Group, has appointed Bruce Kessler as president of ACE Westchester Casualty and Specialty ...

American International Group Inc. is expected to hire Peter Hancock, a KeyCorp vice chairman and financial services veteran, in a newly created role, overseeing finance, risk ...

National insurance program administrator Thomco announced the promotions of John Clark and Monica Clark (not related) to senior vice president positions. Thomco, based in ...

Karen Cutts, the managing editor and former publisher of the Risk Retention Reporter, passed away on Feb. 2, 2010, after a seven-month battle with pancreatic cancer. She was ...

An explosion at an under-construction energy plant in Central Connecticut has killed at least five workers and injured 12 others, prompting a major emergency response by local ...

Maryland, Virginia and Washington D.C. were particularly battered by a weekend snowstorm that caused massive power outages and resulted in moderate structural damage to areas ...

New Jersey-based insurance brokerage The McIntyre Group has named Rick Killmeyer as marketing executive. He formerly served as sales manager of PC Helps Support in Bala ...

The Nebraska Supreme Court on Feb. 5 upheld a decision ordering two insurance companies to pay about $550,000 of the cost of cleaning up industrial contamination in ...

Fremont Insurance, a Michigan-exclusive property and casualty insurance carrier, has been named as the endorsed insurer of the Michigan Retailers Association (MRA). This is the ...

A Democratic legislator called for Kansas' Republican House speaker to step down because he is representing businesses, trade groups and insurance funds in a lawsuit against ...

Georgia Insurance Department staffers raised questions about an investigation into an Iowa-based insurer and noted Commissioner John Oxendine's "personal interest'' in the ...

Georgia Gov. Sonny Perdue's proposal to appoint -- rather than elect -- four statewide constitutional officers has run headlong into opposition. Critics from both parties said ...

Crime prevention takes more than the work of law enforcement officers. Mississippi citizens are also doing their part through a program called Crime Stoppers. The Golden ...

Five more insurance agencies have joined the Keystone Insurers Group in Kentucky, brining to 11 the total number of KIG agencies in the state. The latest to join are ...

The insurance company sued by billionaire booster T. Boone Pickens and Oklahoma State University's athletic fundraising foundation claims the university breached its contract ...

Mercury General Corp. reported that net income for the fourth quarter of 2009 was $34.2 million compared with net loss of $168.3 million for the same period in 2008. For the ...

Salt Lake City-based The Buckner Co. has opened a third location in Idaho Falls, Idaho, following through with the company’s vision to expand and grow business. The ...

The California Department of Insurance (CDI) announced it has has recovered $112.1 million for consumers through consumer complaint investigations and market conduct ...

The Hawaii Senate has unanimously confirmed Lawrence Reifurth as a judge on the Hawaii Intermediate Court of Appeals. Reifurth was selected by Republican Gov. Linda Lingle and ...

 The Southern California subsidiary of Lockton Companies named Bryan Davis vice president and senior consultant, and Lissa Thomson as senior vice president, chief ...

Everyone's heard the shibboleth "It's not rocket science." This implies that whatever "it" may be it's easier than flying a rocket. In fact Robert Goddard fired off the first ...

Toyota Motor Corp said it is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems as it seeks to address criticism over the handling ...

Lloyd’s has released its 2010–2012 Strategy after a detailed review. The bulletin noted that it had consulted "over 50 managing agents, brokers and market ...

Australian wealth manager AMP Ltd has let its exclusive deal with French insurer AXA SA expire for a joint $11 billion buy of AXA Asia Pacific Holdings, paving the way for ...

Zurich Financial Services Ltd announced that the Board of Directors will propose to the 2010 Annual General Meeting of shareholders on March 30 the election of Josef Ackermann, ...