Two judges have ruled that Allstate Insurance charges excessive rates for homeowners insurance and should reduce them. State insurance regulators want the company to reduce its homeowners rates by 10 percent and refund its customers for rates dating to Dec. …
The most dangerous place on the highway is the toll plaza, say federal safety investigators who are urging changes to reduce accidents like one that claimed eight lives in Illinois. Thirty states, including Oklahoma, have toll facilities and 20 have …
The Roman Catholic Church in Boston has paid a total of $150.8 million through June 2005 to settle claims of sex abuse by clergy, with $43.3 million of that paid by insurance companies, according to financial information released by Archbishop …
Tennessee Gov. Phil Bredesen’s proposed health insurance initiative was unanimously approved by a House subcommittee after being amended with a six-year sunset provision. The “Cover Tennessee” proposal is aimed at reducing the state’s uninsured population of more than 600,000 adults …
Shareholders at Munich Re’s Annual General Meeting on Wednesday April 19 were treated to some good news. Proposals by the reinsurer’s Supervisory Board and Board of Management were adopted by large majority of shareholders, setting dividends of €3.10 ($3.826) per …
Tokio Marine & Nichido Fire Insurance Co., Ltd., subsidiaries of Japan’s largest insurer (by net premiums written), Millea Holdings, Inc., announced that they have reached an agreement with shareholders holding more than 50 percent to acquire their shareholdings in Asia …
Hospitals and physicians in New York now have a new option for obtaining professional liability coverage and physician excess professional liability coverage, through the establishment of the Healthcare Professionals Insurance Company. Capitalized with $20 million, the company was recently licensed …
The Insurance Industry Charitable Foundation based in Walnut Creek, Calif., will present a networking and educational program on Thursday, May 11 at the Richard Nixon Library in Yorba Linda, Calif., with the proceeds benefitting the Insuring the Children program. Reception …
Crawford & Co.’s Fresno, Calif., Integrated Services branch has been awarded the Roger Smith Award for Excellence in Education from the Insurance Education Association (IEA). The award will be presented at the San Francisco National Association of Insurance Women (NAIW) …
General Star Management Co. has developed a security guard and security providers liability program. The program provides Commercial general liability coverage (including products and completed operations) and professional liability coverage (including personal and advertising liability) under a single policy. Assault …
