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State Farm Drops
Insurance of 125000
Florida Homeowners
...State
Farm Insurance requested a 47% rate increase for providing insurance
to homeowners in some of Florida's coastal areas. The rate increase
was denied so ...
United
Insurance Unit Plans To Write P&C
Insurance In 7 States...The
company will be submitting applications to write P&C insurance in
Massachusetts, Connecticut, Rhode Island, New York, North Carolina,
South Carolina and ...
SC Insurance
agents' licensing compliance deadline nears...All
insurance agents licensed in South Carolina have until May 1 to
complete new requirements approved in last year's legislative
session. ...
A.M. Best Upgrades Issuer Credit
Ratings for First Acceptance
Insurance Group
......
and affirmed the financial strength rating (FSR) of B (Fair) of
First Acceptance Insurance Group (First Acceptance) (Nashville, TN)
and its members. ...
New York state releases final broker pay
rule...As expected, the final
rule includes several changes that broker organizations had sought,
including less stringent disclosure requirements for intermediaries
regarding their role in a transaction.
House bill would ban texting & driving
in FL...Driving and
texting is not only a bad idea, it may soon be against the law in
Florida. Tuesday afternoon, Representative Janet Long ...
State Farm says it alerted feds to
Toyotas in 2007...Insurance
giant State Farm alerted US safety regulators in late 2007 that it
was seeing an uptick in reports of sudden-unintended acceleration
incidents in ...
In a twist,
Florida levels new charges
against Palm Coast Travel...Only
a few weeks ago, Palm Coast Travel, one of three large travel
agencies the state of Florida last year alleged had sold unlicensed
insurance, seemed to have everything going for it. The state's
Florida insurance seller nabbed in
police sting, say local ...Florida
authorities have locked up Richard M. Incandela, on charges of
selling insurance without a license and organized fraud exceeding
$50000. ...
Travelers names new leader of business insurance...Travelers
Cos. Inc. said Tuesday that William E. Cunningham has been promoted
to executive vp of its business insurance segment effective March 1.
Pat Ryan launches wholesale group...Patrick
G. Ryan, founder and former executive chairman of Aon Corp., on
Tuesday announced the launch of Ryan Specialty Group, a holding
company for managing general underwriters, managing general agents
and wholesale brokers, along with a service platform for agents and
brokers.
Hartford swings to quarterly profit...Hartford
Financial Services Group posted a fourth-quarter profit, helped by
better results in its life insurance and property/casualty insurance
businesses.
Conn. power plant explosion
covered by several insurers...The fatal
Feb. 7 explosion and fire at a Connecticut power plant being
constructed by Kleen Energy Systems L.L.C. is covered for property
damage and business interruption losses under a policy on which
several insurers participate, market sources said Monday.
Florida CFO Sink calls for probe of Bank
of America...Alex Sink,
Florida's chief financial officer and a former executive at Bank of
America, has asked other state officials to investigate potential
legal ...
Best affirms rating, upgrades outlook for CNA...A.M.
Best Co. Inc. on Monday upgraded its outlook of CNA Insurance Cos.
and its members to stable from negative and affirmed its financial
strength rating of A.
Budget plan targets foreign-owned
reinsurers...According
to the budget request, reinsurance transactions with affiliates that
are not subject to US federal income tax on insurance income can
result in ...
Organizations Take Stand Against NY
No-fault
System...Currently 12
states and Puerto Rico have no-fault auto insurance laws. Florida,
Michigan, New Jersey, New York and Pennsylvania have verbal
thresholds. ...
Hanover Looks to Drop, Shift About
Half Its
Louisiana Homeowners
Policies...Sattler
had worked for 14 years with Risk Management Solutions Inc. Attempts
to reach Louisiana Insurance Commissioner Jim Donelon were not
immediately ...
Mercury
Insurance in trouble for
high rates...A 275
page California Insurance Commission report obtained by the San
Francisco Chronicle is landing a damaging blow to Mercury Insurance,
just as it fights ...
Georgia
Governor Backs Appointed, Not Elected,
Insurance Chief...By
Shannon McCaffrey Georgia Gov. Sonny Perdue's proposal to appoint --
rather than elect -- four statewide constitutional officers has run
headlong into ...
E-mails Suggest
Georgia Insurance Chief
Oxendine Had Interest in Probe...Georgia
Insurance Department staffers raised questions about an
investigation into an Iowa-based insurer and noted Commissioner John
...
Arizona:
Speed Camera Companies Hide Behind Paid Victim Advocacy...Each
speed camera or red light camera ticket issued by a municipality in
Arizona carries points that increase insurance rates -- directly
boosting profits ...
AIG Names Peter D. Hancock Executive
Vice President, Finance, Risk, and
...American
International Group, Inc. (AIG), a world leader in insurance and
financial services, is a leading international insurance
organization with ...
