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, ...

Toyota faced its first U.S. class-action lawsuits stemming from complaints of faulty brakes in its top-selling Prius hybrid car and from investors claiming they were misled ...

Toyota owners should place safety first and follow the car manufacturers’ instructions regarding the recalled vehicles, insurers say. After the recall of some 8 million ...

Travelers has promoted Bill Cunningham to executive vice president of its Business Insurance segment effective March 1. Cunningham began his career with Travelers in 1987 in ...

New York regulators are expected to release new rules tomorrow that requi re agents to disclose to clients some aspects of their compensation, although the rules are more ...

Massachusetts has reached a settlement with the Bay State's largest auto insurer, Commerce Insurance Co., over its failure to report at-fault auto accident determinations made ...

Joseph G. Murphy has been named commissioner of the Massachusetts Division of Insurance. Murphy has served as first deputy commissioners since 2006, playing active roles in the ...

Maine-based insurer Acadia Insurance is offering an expanded property and casualty coverage program for medical offices and facilities in New England and New York. The Acadia ...

B&B Insurance Agency & Bail Bonds has opened in Salisbury, Maryland. Agency Principal LaVerne Marie Boone says the recently established agency offers policies from ...

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 ...

Kansas City-based insurance broker Lockton Companies has expanded its commercial insurance team in Chicago with the addition of Jason Riley as account manager. Riley will place ...

It's illegal in Kansas for someone under 18 to drive or ride a motorcycle without wearing a helmet, and teenagers can be ticketed if they're caught doing so. Now, a new Senate ...

Daniel Pigg, co-owner of the Howard Clare Insurance Agency in Terre Haute, Ind., has been honored with a Graduate of the Last Decade (GOLD) Award from Indiana State ...

An insurance company is paying $5 million to settle a case of a North Carolina driver that struck and killed two bicyclists in South Carolina. The State newspaper reported that ...

Central Texas rancher Debbie Davis can hardly believe the turnaround in rainfall. While her pastures were parched and withered last summer after nearly two years without ...

Trey Lowack has joined North Texas-based independent insurance and financial services brokerage firm Higginbotham & Associates as a property/casualty account ...

Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering a market for difficult to place property risks with competitive pricing and flexibility. They will ...

Torus, a global specialty insurer, has opened a West Coast office located in San Francisco. The office will initially focus on property and casualty lines, coinciding with ...

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 ...

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 ...

A successful conclusion to the Doha round of global trade talks is still possible in 2010, but would need an injection of political energy, World Trade Organization (WTO) head ...

Bermuda-based AXIS Capital Holdings Limited reported net income for the fourth quarter of 2009 of $282 million, or $1.87 per diluted common share, compared with net income of ...

Marsh announced that Eleni Petros has been appointed as a Senior Vice President in its Financial and Professional (FINPRO) Practice in London. She specialises in ...