Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurance carrier, reported record revenues of $56.9 million for 2009, representing growth of 13.4 percent over 2008. For the year ended Dec. 31, 2009, net income was $4,245,000, compared to $3,761,000 …
The Illinois Department of Insurance reported it has observed increased competition and 10 percent decrease in premium paid in the medical malpractice line of insurance since reforms were enacted in 2005. The Department of Insurance is urging insurers not to …
Fremont Insurance, a Michigan-based property and casualty insurance carrier, has unveiled new enhancements to the company’s yacht policy, which allows policyholders the ability to travel anywhere in North America without loss of coverage or travel endorsements. Fremont Insurance has expanded …
Columbus, Ohio-based State Auto Financial Corporation’s fourth quarter 2009 net income rose to $14.4 million compared with a net loss of $0.6 million for the fourth quarter 2008, the company reported. For the year 2009, STFC had net income of …
Most experts believe it’s just a matter of time before another big earthquake strikes along the New Madrid fault line, and Gov. Jay Nixon says Missouri and neighboring states need to be ready. Nixon on Feb. 19 convened a panel …
Consulting and actuarial firm Milliman Inc. says a study it conducted in response to the Illinois Supreme Court’s overturn of caps on non-economic damages in medical liability cases will increase overall claim severity in such cases by an average of …
An organization dedicated to reducing auto theft in Michigan reports that while there has been a decline in auto theft in the state, incidents of insurance fraud and component theft have increased. Michigan’s H.E.A.T. (Help Eliminate Auto Thefts) was responding …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit rating (ICR) of “aa” of The Cincinnati Insurance Companies (CIC) and its standard market property/casualty members. Concurrently, A.M. Best has affirmed the FSR of …
Insurance regulators in Illinois are encouraging residents to review earthquake insurance policies after a small quake was recorded in the state recently. The 3.8-magnitude earthquake surprised northern Illinoisans Feb. 10. It hit about 45 miles northwest of Chicago at 4 …
Lansing, Mich.-based Accident Fund Insurance Company of America has named UNICO Group of Lincoln, Neb., as its 2009 Agency of the Year. Al Gileczek, vice president of Regional Operations for Accident Fund, said “UNICO Group has been an outstanding partner …
