As the insurance industry continues to be challenged with softening rates and premiums, innovation is key to long-term success, says Julie K. Davis, executive vice president for Aon Corp.’s Wired for Growth program. Given the challenges of the recession, the …
Louisiana’s House of Representatives voted May 19 to raise the minimum level of required automobile insurance, an increase that would mean higher insurance costs for over 1 million motorists. Supporters of raising the insurance minimum said the state’s current minimum …
Forecasters predict that the 2008 Atlantic hurricane season will be an active one for hurricane and tropical storm formation. The National Oceanic and Atmospheric Administration’s most recent forecast calls for 12 to 16 named storms between June 1 and Nov. …
88 The number of fires that collectively burned across Florida on more than one day in May, according to the Florida Division of Forestry. As of May 19, fires burned nearly 44,000 acres. Authorities issued a dense smoke advisory May …
Main Street America, Great Lakes Casualty The Main Street America Group, a regional property/casualty insurer based in Jacksonville, Fla. that writes business up and down the East Coast, is expanding to the Midwest. The insurer said it has agreed to …
The National Weather Service says that severe weather on May 11 spawned 15 tornadoes in central Georgia. The strongest of the so-called “Mother’s Day tornadoes” occurred in Treutlen County and was an EF3. Most of the twisters were rated as …
The Council of Insurance Agents and Brokers has shifted two conferences with 800 people to The Homestead, a Hot Springs, Virginia, mountain resort, from The Greenbrier, the White Sulphur Springs, West Virginia, resort about 40 miles away. Sales for Bath …
The rapid pace of development along hurricane-prone coasts is adding a new level of urgency for forecasters to more accurately pinpoint potential storm impact zones, the director of the National Hurricane Center said. Recent studies show most coastal growth in …
Tennessee Gov. Phil Bredesen signed into law a bill seeking to limit frivolous medical malpractice lawsuits by requiring experts to vouch for a case’s merits. The law will also require plaintiffs to give 60 days notice before filing a lawsuit. …
Florida Insurance Commissioner Kevin McCarty has lifted the suspension of the Allstate Companies’ licenses to sell new business in the state. McCarty said the decision came after Allstate submitted an affidavit certifying that it has complied with Florida law by …
