California Earthquake Authority insurance policy sales jumped following the March 29 magnitude 5.1 La Habra earthquake by nearly as much as the spike in policy sales following the March 11, 2011, magnitude-9.0 Tohoku earthquake in Japan, CEA reported on Friday. …
This Sunday, June 1, marks the start of the 2014 Atlantic hurricane season. And though experts are predicting a relatively quiet one this year, our dutiful representatives in Congress have done their darnedest to ensure that it would take just …
Union Mutual of Vermont Companies has hired Geoffrey J. Smith as the director of commercial lines underwriting. He is based in Montpelier, Vermont.
Lieutenant Governor and Department of Insurance Director Mary Taylor says the passage of reforms to Ohio’s insurance law will help maintain the strength and competitiveness of Ohio’s insurance marketplace while also providing new consumer protections. Under Senate Bill 140, which …
The Philadelphia district attorney’s office has charged 41 people for what prosecutors described as a multi-million dollar auto insurance fraud scheme. Prosecutors allege Ronald Galati Sr. and his co-conspirators ran their fraud scheme from Galati’s auto repair shop, American Collision …
Qualifying policyholder owners of Texas Mutual Insurance Co. will share a $200 million dividend distribution this year, the company’s board of directors announced after a unanimous vote on May 28, 2014. As a mutual company, Texas Mutual is owned by …
As storm season ramps up in Oklahoma, a nonprofit group formed in the wake of Hurricane Katrina is teaming with a national insurance company to help better prepare communities for the recovery after a natural disaster. The St. Bernard Project …
A rare North Dakota tornado that critically injured a 15-year-old girl and hurt eight other people at a workers’ camp in the heart of the state’s booming oil patch packed winds that peaked at 120 mph, the National Weather Service …
A.M. Best has downgraded the financial strength rating to E (Regulatory Supervision) from C- (Weak) and the issuer credit rating to “rs” from “cc” of Interstate Bankers Casualty Co. (Interstate Bankers) of Chicago, Ill. The rating actions reflect Interstate Bankers …
LevelFirst, a wholesale broker and managing general agency based in Dallas, Texas, announced Kevin Revett has joined the firm as a senior broker. Revett brings 13 years of wholesale production experience to the company. His focus will center on casualty …
