Allmerica Financial Corp. announced that its profit in the second quarter more than doubled due to strong growth in the company’s property and casualty segment. Net income grew to $72 million, or $1.34 per share, from $32.4 million, or 60 …
A Pennsylvania court has ruled unconstitutional a key component of tort reforms enacted in 2002. Commonwealth Court ruled that a measure that abolished joint and several liability is invalid because it was not germane to the DNA testing legislation it …
In order to retain or acquire Windstorm Insurance from the Texas Windstorm Insurance Association (TWIA) residents of Texas’14 coastal counties, which include Cameron and Willacy Counties, must obtain a Windstorm Inspection, during any new construction or repairs, according to the …
The Nebraska Department of Insurance is advising consumers to be inquisitive when looking to purchase a motor vehicle service contract, often called extended warranty. These contracts need to be backed by an insurer licensed with the department. A Lincoln resident …
Oklahoma Insurance Commissioner Kim Holland announced she is ordering Global Bonding to stop conducting unauthorized business involving insurance in Oklahoma. The order states the company has violated state law by misleading consumers, construction companies and subcontractors regarding surety bonding for …
Medical malpractice insurers paid out significantly less in claims to Missouri physicians last year, but continued to raise the premiums they charge doctors, according to new study. The National Association of Insurance Commissioners compiled the report from information insurance carriers …
In response to the increasing complexity of community banking, the American Bankers Association-sponsored insurance program, underwritten by Progressive Casualty Insurance Co., has released a new directors and officers/company liability policy for financial institutions. The new policy allows bankers to protect …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of ‘a’ of Lloyd’s of London. At the same time, A.M. Best has affirmed the ‘a-‘ ICR of the Society of Lloyd’s and …
British holidaymakers preparing to return home from their summer breaks this year are being urged to pack their bags with caution. New research from Lloyds TSB Insurance shows that personal belongings worth more than 2 billion Pounds ($3.5 billion) are …
American International Group has signed an agreement to provide funding to rebuild Peunayong Market, the biggest fish market in Banda Aceh, Indonesia. The total value of the Peunayong Market project is estimated at $525,000. The project is expected to be …
