A Jackson County, Mo., judge agreed on July 23, 2008, to throw out a contempt order against Allstate Insurance after determining the company had finally complied with his directions to release confidential documents. The Kansas City Star reported on its …
Buyers who purchase their auto insurance policies through local agents give higher average satisfaction scores compared with those who purchase policies from call center representatives or via Internet channels, a new study indicates. “Buyers who use insurance agents are also …
Erie Insurance Group has selected Terrence W. Cavanaugh as president and chief executive officer, effective July 29, at which time he will also be elected to the company’s board of directors. Cavanaugh joins Erie from Chubb Corp. where he has …
Northbrook, Ill.-based Allstate Insurance Co. has agreed to settle an insurance case involving a Hawaii man that had attracted national attention over the insurer’s refusal, and eventual agreement, to provide key documents on how it evaluates and pays claims. The …
Auto insurer Progressive Corp. reported Thursday a drop in second-quarter net income as it absorbed higher claims from natural catastrophes and wrote off $40.8 million in investments. Progressive’s combined ratio, which reflects how much it made on premiums earned before …
A report by an automobile insurer concludes that Oklahoma City drivers are less likely than Tulsa drivers to be involved in traffic collisions. “Its kind of weird,” Lt. Roger Bratcher of the Oklahoma City Police Department’s Traffic Fatality Unit said …
Free-market advocates and some agents applauded last year when Massachusetts Insurance Commissioner Nonnie S. Burnes quickly moved to deregulate the Bay State’s backwards-but-long-established system of personal auto insurance. That move, which took effect April 1, included two fundamental changes: the …
Massachusetts insurance agents and one of the state’s biggest auto insurers have gone to court seeking to overturn state rules that they say give new carriers an unfair advantage under the new managed competition system. They are also challenging a …
Hudson Insurance, Hooghuis Hudson Insurance Group, the U.S. insurance division of Odyssey Re Holdings Corp.has acquired Hooghuis Group LLC, an underwriting agency specializing in U.S. directors and officers liability (D&O) insurance. Hooghuis has been underwriting D&O business for Hudson and …
New York’s top court has ordered the release of insurance company reports showing automobile policies broken down by zip code so Brooklyn officials can determine whether neighborhoods were deemed high-risk and avoided through “redlining.” The Court of Appeals concluded that …
