California Insurance Commissioner John Garamendi has released a new report on the profitability of homeowners and private passenger automobile insurance companies. According to the Commissioner’s office, “the study discloses that for the past two years, insurance companies have enjoyed a …
A settlement has been reached with a North Carolina-based company, resolving price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Southeastern Restoration, Inc., also known as Afterdisaster, will pay more than $19,500 in …
A desert wildfire that has burned about 8,000 acres of New Mexico grass and brush remains uncontained Tuesday, but firefighters were pleased that high winds that fanned the blaze Monday did not blow the fire out of control. The National …
Seattle-based Safeco announced plans to move its corporate headquarters to 1001 Fourth Avenue Plaza and its Northwest region office to the Second and Seneca building, both in downtown Seattle. Safeco has entered a lease for approximately 284,000 square feet at …
Victims of identity theft would be given prompt notice of the crime and the opportunity to minimize losses under legislation approved recently by the Oklahoma House of Representatives. House Bill 2357, by state Rep. Dale DePue, would require every state …
The 2006 hurricane season begins in one week, and homeowners from Corpus Christi to Coral Gables to Cape Cod hopefully are heeding the advice of government officials, disaster relief organizations, and insurers by taking actions to protect their homes and …
The commercial insurance industry remained a buyers’ market in 2005, and shows no signs of hardening any time soon, according to the 2005 Annual Benchmark Survey from the Risk and Insurance Management Society (RIMS). The 2005 survey revealed that the …
Robert L. Cohen, chairman and CEO of The IMA Financial Group, Inc., in Denver, Colo.; M. Steven DeCarlo, president and CEO of American Wholesale Insurance Group of Charlotte, N.C.; and Jim W. Henderson, president and chief operating officer of Brown …
A Shreveport, La., insurance agent was arrested and issued a cease and desist order and summary suspension of his license for alleged felony theft and misappropriation of insurance premiums, Louisiana Commissioner of Insurance Jim Donelon announced May 24. James Dock …
Ohio-based Westfield Insurance has been awarded the Industry Leadership for Improved Commercial Lines Download award from ACORD. This award recognizes insurance companies who offer extensive commercial download based on current ACORD standards. ACORD’s written statement said that by successfully implementing …
