State Farm Fire & Casualty Co. has settled another lawsuit with a policyholder whose home was destroyed in Hurricane Katrina. Neither side would release terms of the agreement reached Friday between the insurer and Judy Guice, of Ocean Springs. Guice …
While many Florida voters don’t think enough has been done to bring down their property taxes or insurance premiums, more than 70 percent say Gov. Charlie Crist has done a good job during his first six months in office, a …
Policyholders who settled Hurricane Katrina lawsuits confidentially with insurance companies can keep those payments, along with federal grants for structural damage other homeowners were ineligible to receive or must repay. A federal grant modification that created the situation has gone …
While the Government Accountability Office fell short of offering recommendations, it released a report stating that many entities in the private, public, and government sectors have reported the loss or theft of sensitive personal information in recent years. A rapidly …
What should brokers or agents say when they meet resistance from customers who already feel they are spending too much on liability coverage? Explain that in today’s world, it doesn’t take long to run through $1 million in primary insurance. …
The surplus lines market is not unlike any other segment of the industry. Recruiting and hiring talented young professionals is a top priority. But attracting young college graduates to a small, yet important segment of the insurance industry has proved …
Supreme Court raises bar for investors bringing securities fraud suits The U.S. Supreme Court last month imposed a strict standard that investors must meet to keep alive their lawsuits alleging securities fraud. In an 8-1 decision, the justices said that …
At a congressional hearing in Washington, D.C. last month, insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10 years. The Bush administration opposed this extension …
P/C industry net income, overall profitability slips The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to industry analysts at …
I am certain that Erik Erikson, Stella Chess and Jane Whitbread were not thinking of the insurance industry when they wrote this but they could have been. The 25 property/casualty insurers with the largest increase in direct premium written over …
