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    • State Farm To Raise Home Insurance Rates

      The largest insurer of homes in the state of Texas has announced it will increase coverage rates starting as soon as Sept. 1. According to a press release, State Farm Lloyds submitted a rate filing to the Texas Department of Insurance on Wed...

    • As the Number of Uninsured Drivers Increases, Companies Recommend Looking for Cheap Car Insurance Rat

      As the unemployment rate goes up, so does the number of uninsured motorists. CheapCarInsurance.org recommends that drivers look for cheaper car insurance premiums rather than dropping coverage all together. Cheap car insurance rates are acc...

    • BestWeek: Search for the next Head of Lloyd's in North America

      OLDWICK, N.J. - (Business Wire) With the resignation of LoriAnn Lowery, president of Lloyds North America, one of the premier posts in the insurance market is open, fueling talk in the industry about what kind of candidate might be tapped to...

    • Travelers Names Personal Lines CEO, President

      Travelers Cos. announced two executive appointments in its personal lines business operations. Doreen Spadorcia will assume the additional duties of chief executive officer of personal lines. Spadorcia is also CEO of claims services, Travel...

    • Take Class To Save On Car Insurance

      In these times of recession - and they do not seem to go far in the near future - all to benefit the ears when they hear about new ways to save money on the cost of ownership and use of an automobile. Thus, consumers will be pleased to know...

    • AIG, Others Face $100M in DC Crash Claims

      Talk about your rotten years. It seems things for American International Group (AIG:NYSE) just keep going from bad to worse ... and whatever comes after that. In an article released today by Bloomberg, a lawyer in the case is quoted as sayin...

    • Sears Tower Now Named Willis Tower

      Sears Tower is history. As of Thursday, the iconic Chicago, Illinois, skyscraper is now named Willis Tower. At least that's what the owners of the 110-story skyscraper now call it after its new main tenant, the London, England-based insuranc...

    • McKenna Retires as Gallagher Bassett President

      ITASCA, Ill.Richard J. McKenna, president of Gallagher Bassett Services Inc., a subsidiary of Arthur J. Gallagher Co., has retired from the company. The company has begun its search for a replacement, Itasca, Ill.-based Arthur J. Gallagher...

    • Arthur J. Gallagher & Co. Announces Executive Retirement

      ITASCA, Ill., July 14 /PRNewswire-FirstCall/ -- Arthur J. Gallagher Co. announced that Richard J. McKenna, President of its Gallagher Bassett Services subsidiary, has retired from the company. The company has already begun a search for his...

    • Reinsurance Rates Not As High As Expected

      Property catastrophe rates increased for midyear renewals, but not as much as reinsurers had hoped and insurers had feared, brokers and reinsurers say. Industry experts say reinsurance rates generally increased in the 10% to 20% range. Reins...

    • A.M. Best Special Report: Expanding Wildfire Season Adds to Insurers' Burden

      Though not as severe as the 2007 wildfire season, the 2008 season included about $640 million in direct property losses from three wildfires in the Los Angeles metropolitan area in November, California officials estimate. The current season...

    • NCOIL Revised Credit-Scoring Model to Provide Relief for Catastrophic Events

      The National Conference of Insurance Legislators wants insurance companies to cut a break to policyholders who find themselves jobless, sick, divorced or deployed overseas in the military. The organization approved an amendment to its landm...

    • Perspectives: As Video Surveillance Use Grows, Liabilities Emerge

      Here's a little brain teaser: Is it OK to put up fake cameras on your commercial property to deter crime? This is the type of question that property owners increasingly are forced to consider as the technology of camera surveillance has beco...

    • Progressive 2nd-quarter profit rises 16 percent

      MAYFIELD VILLAGE, Ohio_Auto insurer Progressive Corp. said Friday that its second-quarter profit climbed 16 percent as the prior-year period was weighed down by some investment losses. The company earned $250.1 million, or 37 cents per share...

    • Sharpening Focus On Insurance Premiums

      Debbie Shempert, senior vice president and operations manager for Renasant Insurance in Tupelo, said her office has been besieged with policyholders looking to save a few dollars on premiums. FULL TEXT Jackson resident Johnston Walker recent...

    • Class Action Against Old Republic National Title Insurance Company Directed To Proceed By Court

      PHILADELPHIA, July 10 /PRNewswire/ -- Class Counsel for the Plaintiffs in the Old Republic National Title Insurance Company class action suit announced the following: UNITED STATES DISTRICT COURT EASTERN DISTRICT OF PENNSYLVANIA DONNA MARKOC...

    • Unclaimed Property Can Be a Boon to Income in Down Economy, Allsup Explains How to Claim it

      Locating unclaimed property requires some legwork, but it is not difficult to do, it costs nothing and can be a welcome source of income Belleville, IL (Vocus) July 9, 2009 -- Nearly one in eight Americans are entitled to unclaimed property...

    • E&O Pricing still Soft Outside Financial Services

      The market for errors and omissions coverage remains soft in most sectors even though high-risk areas such as financial services have seen sizable rate increases, observers say. Brokers, underwriters and risk managers say plentiful capacity...

    • Fla. Board Clears Way for Rate Boost for Citizens, but Also Rate Reductions

      Citizens Property Insurance Corp. of Florida will still be able to raise rates at the start of 2010, but not as much as the insurer was expecting. A vote of the governing board that oversees Citizens determined that it can raise rates at a...

    • Workers' Comp Rate Won't Rise, Poizner Says

      Jul. 9--Insurance Commissioner Steve Poizner yesterday rejected an insurer-backed plea for a massive boost in workers' compensation rates, arguing that the industry isn't doing enough to control its costs. The Workers' Compensation Ratings B...
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