Democratic lawmakers in Michigan are promoting proposals they say would make auto insurance more affordable and strengthen consumer protections in the state. Opponents including the insurance industry say the proposals would drive up costs for customers and are a political …
No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurers must redouble efforts to root out fraud, abuse and …
The Property Casualty Insurers Association of America (PCI) says the Michigan Board of State Canvassers’ approval of a petition for a ballot initiative to overhaul auto and homeowners insurance laws in the state represents an attack on insurance companies. “This …
No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurance companies need to redouble efforts to root out fraud, …
Allstate Corp., the largest publicly traded U.S. home and auto insurer, reported a third qarter profit Wednesday, the improvement from a year ago loss made possible by lower catastrophe and investment losses. Net income was $221 million compared to a …
Arizona-based Trillium Management Services Inc. announced it will acquire Geneva Insurance Company Inc. of Indianapolis, Ind., in a transaction that is expected to close in December 2009. Geneva was formed in 1999 by Ronald J. Glanzman its sole shareholder. The …
Massachusetts-based insurer Arbella Insurance Group has received a ratings boost by A.M. Best Co. Best upgraded the insurer’s financial strength rating to A- (Excellent) from B++ (Good) and issuer credit ratings to “a-” from “bbb+”. The new rating covers all …
Adirondack Insurance Exchange tops the newly released rankings of the least complained about personal auto insurers in New York, according to the New York State Insurance Department. The annual list is based on the complaint ratios of all companies or …
As insurance companies begin mailing notices to Wisconsin customers telling them that their premiums are likely to increase soon, state politicians are scrambling to avoid the blame. The first changes expected to affect premiums started Nov. 1 with more coming …
The Republican-led Michigan Senate has killed legislation that would have banned auto insurers from considering where a driver lives when setting rates. Democrats say the practice is unfair to motorists who pay higher premiums in urban areas even if they …
