For the fifth year in a row Texas consumers filed fewer complaints against their insurance companies with the Texas Department of Insurance (TDI), the Insurance Council of Texas reported. The total number of closed complaints was recently released in Commissioner …
Former American International Group Inc. CEO Maurice “Hank” Greenberg said the insurer could fall apart unless management quickly came up with a unified recovery plan. “You can’t hold (together) an organization that is drifting in the way it is,” he …
Premium rating errors by insurance companies resulted in the loss of $16.1 billion of auto insurance premium revenues in 2007, slightly down from the 2006 figure of $16.6 billion — but still almost 10 percent of the total $162 billion …
The Federal Trade Commission has filed suit to block the merger of CCC Information Services Inc. and Mitchell International Inc., charging that the merger would hinder competition in the market for electronic systems used to estimate the cost of collision …
Massachusetts Attorney General Martha Coakley has asked the Division of Insurance to initiate an administrative rate proceeding to review the new auto insurance rates of Premier Insurance Co., a subsidiary of Travelers Insurance. Premier filed new rates with the Division …
Warfield-Dorsey, HMS Insurance Two long-time Baltimore area insurance agencies have combined forces. Warfield-Dorsey Co., Inc. of Hunt Valley, Maryland, has merged with HMS Insurance Associates Inc., an independent agency in Lutherville. The merger was effective Oct. 1, 2008, according to …
ING Canada is in a good position to make an acquisition and has the financial muscle to acquire pretty well any property and casualty insurer in Canada, the chief executive of the home and auto insurer said Wednesday. Speaking to …
Toronto-based Kingsway Financial Services Inc. said it will consolidate the operations of Southern United Fire Insurance Co., based in Mobile, Alabama, with Hamilton Risk Management, its subsidiary based in Miami, Florida. The move comes after Kingsway reported a $17.4 million …
Burnes Rules Out Permitting Insurers to Use Credit Scores; Goes Slow on Property Market Issues Massachusetts Insurance Commissioner Nonnie Burnes has presided over the biggest shakeup in the Massachusetts’ personal auto insurance market in generations. Over the last year, she’s …
November is the peak month for vehicle-deer collisions, and a new analysis of insurance claims and federal crash data indicate the problem is growing. The Highway Loss Data Institute (HLDI), an affiliate of the Insurance Institute for Highway Safety (IIHS), …
