Auto Insurers News

Allstate Adding Agents in California

Allstate Insurance Co. announced it is seeking dozens of agents in California. “We see a significant opportunity in the current economy to attract mid-career, mid-level managers to own and operate their own business and represent Allstate in California,” said Sales …

Business Moves

Security Planning, CSIPros Salt Lake City-based Security Planning & Insurance Corp., an insurance carrier in the childcare industry, launched Charter School Insurance Professionals (CSIPros), an insurance company to focus exclusively on providing whole-package insurance to charter schools nationwide. According to …

Buffett’s Berkshire Q4 Profit Highest Since 2007; Geico Premiums Up 6%

Warren Buffett’s Berkshire Hathaway Inc. Friday reported its largest quarterly profit since 2007, helped by an improving economy, investment and derivative gains, and the takeover of Burlington Northern Santa Fe Corp. First-quarter net income was $3.63 billion, or $2,272 per …

Declarations

No Policy Dumping “I don’t think you should be able to dump these policies because it harms your profit.” —Louisiana State Sen. Elbert Guillory, D-Opelousas, comments on a bill prohibiting insurance companies from dropping coverage for homes or businesses that …

Hospitals Shifting Costs to Auto Insurance System

Low reimbursements from public health insurance programs, such as Medicare and Medicaid, have prompted hospitals to shift costs to automobile insurance companies – raising auto injury claim costs and forcing auto insurers to more closely scrutinize and negotiate hospital bills …

Declarations

Flood Lapse “These short putts down a long fairway set a dangerous precedent that leaves homeowners vulnerable.” —David A. Sampson, president and CEO of the Property Casualty Insurers Association of America, commenting on yet another temporary extension of the National …

Universal Casualty Allowed to Sell Auto Insurance in Missouri Again

The company had ‘demonstrated to the Director that it has implemented operational changes necessary to improve its business practices.’ The Missouri Department of Insurance has lifted its restrictions on the Chicago-based auto insurer, Universal Casualty Co., allowing it to start …

Allstate To Appoint 51 New Agents in Colorado in 2010

Allstate Insurance Co. has sannounced it is looking to appoint 51 exclusive agency owners in Colorado in 2010. “We see a significant opportunity in the current economy to attract mid-career, mid-level managers to own and operate their own business and …

Spring Brings New Crop of Fraud Laws in Northeast

Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010. This counters the recent logic that many state lawmakers are too busy trying to …

Hospitals Shifting Costs to Auto Insurance System, Study Finds

Low reimbursements from public health insurance programs, such as Medicare and Medicaid, have prompted hospitals to shift costs to automobile insurance companies—raising auto injury claim costs and forcing auto insurers to more closely scrutinize and negotiate hospital bills prior to …