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State Farm, after being hit with a $2.7 million federal court verdict in a dispute over a Mississippi homeowner's Hurricane Katrina damage claim, has settled a similar case that was due to go on trial
"This is a positive move for our organization and brings benefits to our clients and brokers," said Judy Mann, who heads Zurich-based Swiss Re's brokered reinsurance business in the Americas and is pr
Mr. Orendorff said all the positions are back-office work and the cuts would not affect the brokers and their sales support people. The company is not reducing its sales presence in either city, he ad
His announcement said the suspension will allow "needed time to review and analyze the policy implications of fully applying the recently approved Assigned Risk Plan. As required under the Articles o
National Underwriter has launched a national award program to recognize companies that do an outstanding job managing their workers' compensation risks--both to lower costs and get people back on the j
In a statement, Mr. Byrne said, "With great regret, I must retire completely at this time." He added, "I have no doubt that Ray Barrette is the right person to lead the company going forward," noting
Columbus, Ohio-based insurer Nationwide Mutual Insurance, which commissioned the study, cited statistics from the National Highway Traffic Safety Administration that 80 percent of auto accidents in th
Leon County Circuit Court Judge Terry P. Lewis signed the order late Friday after the company consented to being placed into receivership for rehabilitation. The Department of Financial Services was n
"What was most notable about this event was its unusually large foot print," he continued. "The path of damaging winds extends north to south from Scotland to Switzerland and east to west from France
Legislative packages passed last week by the state House and Senate featured some significant differences, prompting State Senate President Ken Pruitt, R-St. Lucie, to warn his members to plan on
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