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    • Louisiana Last-Resort Insurer Looks to Prevent 'Potentially Catastrophic' Judgment

      Louisiana's state-run insurer of last resort as well as the property insurance industry in the state are hoping to buy some time to avoid what the Department of Insurance is calling a potentially catastrophic event. Louisiana Citizens Prope...

    • Geico to Expand Operations in Western New York

      Berkshire Hathaway's Geico, the largest provider of private passenger automobile insurance in New York, is expanding its operations site for Geico Insurance Agency at its Amherst, N.Y. service center, investing $2.4 million and creating abou...

    • Perspectives: Captive Insurers Find Caution Keeps Them in the Black

      A sudden downpour could not dampen the spirits of those attending the opening reception at the 24th annual Vermont Captive Insurance Association's conference at beautiful Shelburne Farms on the shores of Lake Champlain in Shelburne, Vt. As...

    • Big Drop since Last Year in Reputation of Car Manufacturers, Investment and Brokerage Firms, and Bank

      ROCHESTER, N.Y.--(BUSINESS WIRE)-- Every year, The Harris Poll asks a cross-section of adults whether they think about 20 leading industries do a good or a bad job of serving their consumers. The latest poll finds very big changes in the las...

    • Big Time Swine

      Big time swine: the toll from swine flu continues to rise with the number infected in the tens of thousands; UP FRONT: News, Updates and Other Emerging Strategies from Around the World Brodsky, Matt The World Health Organization declared on...

    • Captives Weather the Financial Storm

      The financial crisis was a hot topic at the Vermont Captive Insurance Association conference -- although most agreed, captives had fared better than many traditional insurers. Captives have weathered the storm, said John Lochner, principal o...

    • J.D. Power and Associates Reports: Lower Premiums at the Onset of the Current Recession Drive Signifi

      Overall customer satisfaction with auto insurance companies is up significantly in 2009, driven primarily by low premiums, according to the J.D. Power and Associates 2009 National Auto Insurance Study(SM) released today. (Logo: http://www.n...

    • State Auto Financial Declares 73rd Consecutive Quarterly Dividend

      COLUMBUS, Ohio--(BUSINESS WIRE)-- Today the board of directors of State Auto Financial Corporation (NASDAQ: STFC) declared a regular quarterly cash dividend of $0.15 per share, payable September 30, 2009, to shareholders of record at the clo...

    • State Auto Boards Elect New Officers

      COLUMBUS, Ohio--(BUSINESS WIRE)-- The boards of directors of State Automobile Mutual Insurance Company and State Auto Property Casualty Insurance Company have elected two associates assistant vice presidents of the companies. Lawrence (Larry...

    • Uninsured Drivers Racing At Own Risk

      Tim McCreadie of Watertown, N.Y., capped his return to dirt late model racing last August with a victory in the Topless 100 at Batesville Motor Speedway. He added a couple more major victories in the closing months of the season, but his 200...

    • Illinois Fines Insurer, Orders Revamp of Claims Handling

      Illinois insurance regulators have fined Universal Casualty Co. $200,000 and ordered it to immediately correct its claims processes after the company failed to adopt and maintain procedures for prompt investigations and settlements of consum...

    • October Hearing Set On Va. Workers' Comp Premiums

      RICHMOND, Va._Virginia's State Corporation Commission plans to hold a hearing Oct. 20 in Richmond on proposed adjustments in premiums charged for workers' compensation insurance. The SCC said Wednesday that the National Council on Compensati...

    • AIG Nets $1.9 Billion on Sale of Energy Assets

      NEW YORK (TheStreet) -- American International Group(AIG:NYSE) may have shed energy and infrastructure investment assets today, but it hardly did it for free. In fact, as the company announced today, AIG Financial Products raked in more than...

    • California PAYD Regulations Would Allow Per-Mile Discounting

      The California Department of Insurance has revised draft pay-as-you-drive regulations to specifically allow insurance companies to offer discounts to drivers who choose a policy with mileage verification. In a nod to the concerns of privacy...

    • Industry Calls Validity of Florida Mitigation Discounts Into Question

      State Farm Florida will not be permitted to reduce state mandated discounts given to policyholders for fortifying their homes against storm damage but the debate surrounding the discounts is alive and well. According to the Florida Associati...

    • Malpractice Insurance Freeze Extended In NY

      ALBANY, N.Y._Gov. David Paterson has signed legislation to freeze medical malpractice insurance rates in New York for another year, but the state's largest insurer said it leaves the company financially weaker while efforts to resolve malpra...

    • After Quarters of Earnings Pain, AIG is Back in Black

      Look up the PowerRating of AIG and see how it has performed over the past week as well as the current proprietary PowerRating. NEW YORK, Aug 07, 2009 (A. M. Best via COMTEX) AIG | Quote | Chart | News | PowerRating American International Gr...

    • AIG Names Harvey Golub As Non-executive Chairman Of Its Board

      The board of directors of insurance and financial services company American International Group Inc (AIG) (NYSE:AIG) disclosed on Thursday that director Harvey Golub will take over from retiring chairman and CEO Edward M. Liddy as non-execut...

    • Connecticut Regulators OK Rate Hikes Lower Than Anthem Sought

      Caught between an angry public and insurer citing soaring medical expenses, Insurance Department of the state has not made both sides happy Thursday when he rejected a request for rate hike Anthem Blue Cross and Blue Shield health policy. I...

    • AIG reports 2Q Profit, First Since 2007

      NEW YORK_American International Group Inc. reported its first quarterly profit since 2007 on Friday that the government controlled by the insurer saw the value of certain of its assets recover degraded. AIG said in its basis of the results...
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