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By Matt Stroud, Reuters |
April 10, 2012
As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their financial liabilities.
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By Chad Hemenway, PropertyCasualty360.com |
September 19, 2011
Though nearly two-dozen insurers in Connecticut have agreed to waive hurricane deductibles following Hurricane Irene, State Farm is not among them.
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By Arthur D. Postal, PropertyCasualty360.com |
July 13, 2011
Insurance industry trade groups today lauded the decision of the House to pass legislation reauthorizing the National Flood Insurance Program for five years—and urged the Senate to act promptly on the measure.
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By Arthur D. Postal, PropertyCasualty360.com |
July 12, 2011
The Federal Emergency Management Agency says in a letter that taking over management of more than 800,000 flood insurance policies currently administered by State Farm will save the agency more than $50 million annually, compared to the cost of the current Write-Your-Own program.
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By Arthur D. Postal, PropertyCasualty360.com |
May 13, 2011
Industry officials today lauded the decision of the House Financial Services Committee to report out legislation reauthorizing the National Flood Insurance Program, noting that the panel was acting against the background of historic flooding in the Mississippi Valley area.
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By Arthur D. Postal, PropertyCasualty360.com |
May 13, 2011
The House Financial Services Committee reported to the House floor legislation reauthorizing the National Flood Insurance Program for five years. The vote was unanimous.
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By Chad Hemenway, PropertyCasualty360.com |
January 26, 2011
A federal judge in Mississippi has denied State Farm’s request to have a Katrina-related lawsuit against it dismissed.
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By Chad Hemenway, PropertyCasualty360.com |
November 2, 2010
Allstate Corp. has filed a subrogation lawsuit against Toyota Motor Corp. seeking compensation for the more than $3 million paid out on accident claims related to allegedly faulty accelerator pedals and other defects.
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By Mary Anne Medina |
October 11, 2010
Last week Allstate filed a multi-million dollar lawsuit against Toyota Motor Corp. to recover what it has paid for accident claims involving recalled vehicles. Will other carriers follow this insurer's lead?
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By Chad Hemenway, PropertyCasualty360.com |
October 6, 2010
Allstate Corp. has filed a lawsuit against Toyota Motor Corp. seeking compensation for the more than $3 million the insurer paid on accident claims related to the auto manufacturer's allegedly faulty accelerator pedals and other defects.
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