Auto insurance companies are supporting parents and teens with driving safety programs as the Arizona Teen Driver Safety Act goes into effect July 1. With the new law, teen driversin the state will have new requirements to meet before they …
The Professional Insurance Agents of Washington/Alaska (PIA) recently elected a new president and board of directors, and recognized award winners at its 42nd Annual Conference and Trade Show. Mark Balcos of Balcos Insurance is president. Other officers include: President Elect …
A North Carolina bill passed through the Senate Commerce Committee on June 24 that would require insurers to notify consumers of their choice to buy more than the required minimum uninsured motorist and underinsured motorist coverage. The minimum amounts required …
California Insurance Commissioner Steve Poizner announced that Mercury Insurance Group will pay a $250,000 settlement for alleged claims handling violations. “I’m pleased that Mercury has agreed to this settlement, which demonstrates that claims handling violations will not be tolerated in …
Wisconsin officials are re-evaluating whether infrastructure is being built and maintained to strict enough standards to handle severe weather. Engineering professor Ken Potter of the University of Wisconsin-Madison says some design standards reflect rainfall data that’s 40 years old. But …
A top Minnesota highway manager insisted on June 23 that money woes didn’t compromise bridge safety, responding to a harsh assessment of the maintenance of the interstate bridge that collapsed last summer, killing 13 people. In a 12-page letter delivered …
William H. Rabel, professor of insurance & financial services at The University of Alabama, won the 2008 John Bickley Innovation and Creativity Award. Rabel led a team of professors that developed the new actuarial science program at the university. A …
Ten current and former homeowners in a Charles Town, W.Va. subdivision are suing a builder and subcontractors, claiming the company failed to install functional radon removal systems. In one instance, the homeowners contend the builder installed fake pipes to fool …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Chicago-based Old Republic Insurance (formerly known as Old Republic Group) and its members and Bituminous Insurance Companies of Rock …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of The American Road Insurance Company (TARIC), but with negative outlooks. “The ratings reflect TARIC’s excellent capitalization level, history of positive operating …
