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Markets/Coverages: Maryland’s Residual Insurer Ups Limits for Commercial Drivers

May 20 2022 // Maryland’s auto insurance market for drivers that private insurers won’t cover has received approval to offer combined single limits coverage up to $1 million for eligible businesses and vehicles. Maryland Auto...

Insurers Too Late for Subrogation in Auto Parts Price-Fixing Case, Court Rules

May 20 2022 // Insurers waited too long to intervene in anti-trust litigation that brought settlements requiring dozens of auto parts manufacturers to pay a total of $1.2 billion to resolve price-fixing allegations, a panel of the U.S....

North Carolina Judge Orders Lindberg to Give Up Control of Firms to Repay Insurers

May 19 2022 // A North Carolina court has ordered jailed insurance and business entrepreneur Greg Lindberg to relinquish control of hundreds of his firms in a plan to salvage four of his insurance companies. The judge in Wake County...

UK Insurer Aviva May Be Able to Return More Cash to Shareholders: CEO

May 18 2022 // Aviva may be able to give more cash back to shareholders, its chief executive said on Wednesday, as the British insurer reported a 5% increase in general insurance sales in the first quarter and said its capital position...

Starr Insurance Cos. Acquires Thai Non-Life Insurer

May 18 2022 // Starr Insurance Cos. announced an agreement with FPG Insurance Holdings Ltd. (HK) and local Thai shareholders to purchase FPG Insurance Public Co. Ltd. (FPG Thailand), a Thai non-life insurance company. Starr’s...

Three More Florida Insurers Asking for Big Rate Hikes at Hearings

May 17 2022 // The Florida Office of Insurance Regulation held hearings Tuesday on major rate increases from three more property insurers: Florida Farm Bureau, First Floridian, and Kin Interinsurance Network. The Kin and First Floridian...

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