Auto Insurers News

Ohio’s State Auto Announces New Management Positions

Columbus, Ohio-based State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company have announced new managers in various divisions. Robert (Bob) A. Bachtell is claim manager for State Auto’s Ohio region. Bachtell joined Midwest Security Insurance Company …

Palisades Partners with NBIC to Offer New Jersey Coastal Coverage

Palisades Safety and Insurance Management Corp. and Narragansett Bay Insurance Co.(NBIC) have entered into an agreement allowing NBIC to offer coastal home insurance renewal quotes to former customers of Proformance Insurance Co., which Palisades acquired last year Palisades is one …

Coastal Insureds, Insurers Brace for Start of New Hurricane Season

As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and coverage change. And …

Direct Writers Continue Battle for Massachusetts Auto Market

Allstate Announces Plan to Begin Writing After Generation-Long Hiatus Direct writers continue to target the Massachusetts personal auto insurance market, as one major national carrier announced it has written its first policy in the state and another says it will …

Business Moves

AIG American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion to Nippon Life Insurance Co. The property includes approximately one acre of land on which The AIG Otemachi Building …

Business Moves

AIG American International Group agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of one acre of land on which The AIG Otemachi Building in …

Canada’s Auto Insurers Call for Effecftive Cost Control for Consumers

The Insurance Bureau of Canada, which represents 95 percent of the Country’s P/C carriers, has reacted strongly to charges that they oppose reforms in the auto sector. The IBC stated: “An alliance of medical/ rehabilitation providers has issued another press …

Plymouth Rock Offers Reminder Service for Massachusetts Drivers

Boston-based auto insurer Plymouth Rock Assurance has launched a new program that will allow any Massachusetts driver to receive free e-mail reminders 30 days before their license renewals, registration renewals and annual auto inspections. This program is an expansion of …

Direct Writers Continue Battle for Massachusetts Auto Market

Direct writers continue to target the Massachusetts personal auto insurance market, as one major national carrier announced it has written its first policy in the state and another says it will begin writing direct in Massachusetts as early as the …

Allstate Declines TARP Bailout Funds

Allstate Corp., the largest publicly-traded U.S. home and auto insurer, said it will not take funds from the government’s Troubled Asset Relief Program, after winning eligibility last week to do so. Chief Executive Thomas Wilson said on Tuesday the Northbrook, …