The Louisiana House of Representatives Insurance Committee approved a plan meant to lower homeowners rates charged by Louisiana’s state-backed insurer, despite warnings that it will backfire and exacerbate the state’s property insurance problems. Legislation to allow the Citizens Property Insurance …
A Broward County Court has approved a class action settlement on behalf of more than 12,000 State Farm Insurance policyholders in Florida who will receive 100 percent of the damages they requested in a $6.8 million settlement of claims filed …
South Carolina has again expanded the territory covered by the state’s wind pool to the intracoastal waterway and additonal areas within Charleston, Georgetown and Horry counties. “This expansion supplements the initial expansion and is limited. It is intended to help …
Flooding that soaked southwest Iowa earlier this month caused $26 million in damage, according to preliminary assessments released by state officials. The total estimates were included in a request for federal disaster assistance made by Gov. Chet Culver. Culver’s request …
Ohio Gov. Ted Strickland, who took office in January, will not accept the state’s health insurance benefit for employees while so many Ohioans are uninsured, a spokesman said. Strickland took the same position when he was first elected to Congress …
“I’m New Jersey Gov. Jon Corzine, and I should be dead.” So begins Corzine’s public service announcement promoting seat belt use, which was released Thursday. The governor was seriously injured in an April 12 car crash in which he wasn’t …
Perched on the picturesque Rhode Island coastline, the 11 Newport Mansions are a national treasure. Once a summer getaway for the country’s wealthiest industrialists, today the historic mansions are a tourist attraction for 750,000 visitors each year. Yet, as lovely …
The Navigators Group, Inc.’s principal underwriting agency subsidiary, Navigators Management Company, has established the Specialty Program Division. Products underwritten for niche markets by the division will include property, general liability and commercial automobile insurance. Rick Cullen has joined Navigators as …
China promised to allow U.S banks, securities firms and insurance companies greater access to its financial markets during two days of high-level talks that ended Wednesday. Companies such as insurance provider American International Group Inc. and Merrill Lynch & Co. …
France’s SCOR Group may be complaining about the recently negotiated WTC settlement (See related article in National), but it certainly isn’t complaining about the French reinsurer’s first quarter operating results. SCOR posted a 43 percent increase in net profits to …
