Louisiana’s property insurer of last resort has reached a $23 million settlement with thousands of homeowners who say they were not properly compensated after hurricanes Katrina and Rita for work needed to coordinate storm repairs. The dispute centered around the …
California health insurance providers would be prohibited from raising their rates more than once a year under a bill moving through the state Legislature. The state Senate voted 21-13 in favor of AB2042. The bill now moves to the Assembly. …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of AMEX Assurance Company, a wholly owned subsidiary of American Express Company. The outlook for both ratings is stable. The ratings reflect …
James Stegemiller has been appointed Commercial Underwriting officer for CNA’s San Francisco territory. In this role, Stegemiller will work collaboratively with branch vice presidents and business development leaders to shape strategy for the profitable growth of the global business insurer’s …
A former South Carolina firefighter has been sentenced to five years in prison for setting a series of fires that caused about $1.5 million in damage. The Island Packet of Hilton Head reported that 24-year-old Bryan Yeager of Beaufort pleaded …
Beazley Group has added coverage for fixed site environmental exposures to its growing range of environmental products. Beazley ECLIPSE is an environmental liability and cleanup costs insurance product, designed to help clients control both known and unknown pollution risks. It …
San Diego-based BB&T-John Burnham Insurance Services announced that Amy K. Lindroth has joined the agency as a marketing and sales development specialist. Lindroth brings more than nine years of experience as a property and casualty insurance account manager to her …
The Tennessee Department of Commerce and Insurance (TDCI) has revoked the accountancy license and CPA firm permit of Mark S. Riddle, and has permanently barred him from seeking an insurance agent license or any securities registrations in the state. Riddle …
Florida’s Office of Insurance Regulation issued a data call yesterday to the commercial and residential property insurance industry in Florida to collect claims data related to sinkholes. During the 2010 Legislative Session, the Office identified increased sinkhole claims as one …
The Florida Association of Insurance Agents has appointed three new members to its Board of Directors. The appointments were made during FAIA’s 106th Anniversary Convention and Education Symposium. “The FAIA board boasts a long history of exceptional leaders,” said Jeff …
