A new study released by the Insurance Institute for Highway Safety (IIHS) and supported by new statistics from the Washington, D.C. police department, points to red light cameras as a tool to make drivers slow down. Institute researchers measured travel …
Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The state Insurance Department had asked insurers to comment on key provisions to be included in a regulation being drafted to …
Fresno, Calif., Sacramento, Calif., and Stockton, Calif. made a rather unwanted list—the top 10 in a study and list naming the metropolitan areas with the most auto thefts in the nation for 2001—according to the San Francisco Chronicle. The study, …
Seattle-based SAFECO has reported a quarterly profit, noting gains from selling investments, increased life insurance earnings, and having to pay out less in storm claims through the winter. SAFECO noted first-quarter net profits of $63.6 million, or 50 cents per …
An elite group of independent insurance agencies from around the United States met in Atlanta recently to be honored by the Independent Insurance Agents & Brokers of America (IIABA) and Reagan Consulting, an Atlanta-based consulting firm. The agencies enjoy the …
Saying the company’s top priority is to its current customers, State Farm has put a moratorium on issuing homeowners’ policies in California until further notice. “We’ve been facing some real financial challenges with the homeowners company (State Farm General) in …
PMA Capital has decided to withdraw from the excess and surplus (E&S) lines marketplace served by its Caliber One business segment, even though PMA Capital shows strong growth and operating income for PMA Re and the PMA Insurance Group. Caliber …
Allstate Corp. got the go-ahead from state regulators May 2 to make increases in both auto and homeowner insurance rates, according to the Los Angeles Times. California’s third largest insurer had requested a homeowner increase of 22.3 percent, getting the …
As I was saying, before I was so rudely interrupted… Last time, we draped our cover and opening prose in funeral black crepe proclaiming 2001 “The Worst Year Ever”, the property and casualty business having just reported its first-ever annual …
Today, the independent agency system is faced with new challenges and opportunities, many of which are fostered by the development of new technologies, not the least of which is the growth of eCommerce through the Internet. While much of the …
