The Board of Directors of the Personal Insurance Federation of California (PIFC) has voted unanimously to accept Allstate Insurance Co. as the newest member of PIFC. Allstate is the first new company to join PIFC in 15 years. Allstate joins …
Western region auto insurer Capital Insurance Group (CIG) has launched a unique promotion to increase its client referral business. The company is offering drivers with CIG auto insurance a Bluetooth headset for free if they recommend a friend to the …
Paula Rosput Reynolds has a job that would daunt some of the most experienced Wall Street veterans — restructuring American International Group Inc. by selling assets in the midst of a severe credit crunch. Reynolds, 52, was appointed AIG’s chief …
Shares of Warren Buffett’s Berkshire Hathaway Inc. sank last Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and U.S. banks. Berkshire’s Class A …
Insurance trade groups have come out swinging against Michigan Gov. Jennifer Granholm’s call for auto insurers to freeze rates until lawmakers can enact some of the reforms in a report by the state’s insurance consumer advocate, Melvin Hollowell. The trade …
In a bold and gutsy move in the face of an economy in downward spiral and unemployment levels approaching record highs, Michigan Governor Jennifer Granholm has called for a freeze on price increases by all hospitals, doctors, physical therapists, auto …
The New Mexico Senate passed a bill that would increase insurance fraud penalties by empowering courts to combine the insurance money stolen by multiple schemes into one larger dollar amount that triggers longer sentences and larger fines. State Sen. Carroll …
A federal appeals court upheld the dismissal of Allstate Corp. and State Farm Fire and Casualty Co. from a lawsuit accusing them of overbilling the U.S. government for flood damage in Louisiana related to the 2005 storm Hurricane Katrina. Wednesday’s …
One week after Michigan Gov. Jennifer Granholm called on auto insurance companies to freeze their rates, five insurers have said they will comply. In a Feb. 3 order, Granholm asked each automobile insurance company doing business in Michigan to pledge …
An investigation by the New York Insurance Department has found that auto insurers in the state did not engage in a widespread effort to steer consumers to certain auto body shops – a violation of state law. However, in some …
