Insurance News from August 08, 2008
National News
Nationwide Financial Agrees to $2.4 Billion Buyout
Nationwide Mutual Insurance Co. said on Aug. 6 that it will buy out its publicly traded...
International & Reinsurance News
Munich Re Posts $2.1 Billion First Half Profit Despite Credit Crunch
The Munich Re Group recorded a profit of €1.4 billion ($2.123 billion) for the...
East News
New York Law Increases Penalties for Bribing Crane Inspectors
New York Governor David Paterson has signed into law new criminal and civil penalties...
West News
California Senate Committee Passes Pay-As-You-Drive Legislation
Legislation that would allow insurers to more accurately base auto insurance premiums...
Southeast News
Florida-based AmCOMP Reports 2nd Quarter 2008 Financial Results
North Palm Beach, Florida-based AmCOMP Inc. announced results for the second quarter of...
Texas / South Central News
Louisiana Workers’ Compensation Carrier Boosts Q2 Earnings
Louisiana-based Amerisafe Inc., which provides workers' compensation insurance for...
Midwest News
Officials Estimate It Will Cost $15 Million to Update Iowa Flood Maps
Iowa officials estimate it will cost $15 million to bring the state up to speed on...