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WASHINGTON--Eight insurance company trade groups and the U.S. Chamber of Commerce have written a strongly worded letter urging Congress to oppose legislation eliminating their industry's limited antitr
WASHINGTON--A subcommittee of the House Financial Services Committee said it will hold a hearing Tuesday to discuss the availability and affordability of insurance for natural disasters and ways to add
The San Mateo, Calif.-based firm, founded in 1937, marked its founding last week. The company provides property, casualty, employee benefits, workers' compensation and personal lines coverage to comme
James M. Loy, co-chair of the organization, who is a retired Coast Guard admiral and former deputy secretary of the U.S. Department of Homeland Security, said Louisiana faces a two-pronged problem wit
Florida Citizens Property Insurance Corporation, the state insurer of last resort, said it received more than $168 million from the Internal Revenue Service as part of an agreement declaring Citizens'
Two-thirds of the impaired companies came from either the Poe Financial Group or the Vesta Group. "Going into the 2004-2005 hurricane season, these groups were too vulnerable because of rapid growth a
WASHINGTON--Sen. Trent Lott, R-Miss., who has leveled his legislative guns at the insurance industry, is deciding whether to roll out the legal artillery for a courtroom battle with State Farm Insuranc
A proposed State Farm class-action settlement for Mississippi homeowners with Hurricane Katrina claims was rejected by a federal judge yesterday who said the cases involved were too different to be lu
The National Association of Insurance Commissioners' proposals to create a new database of insurance industry market conduct information have raised confidentiality concerns from industry representati
In a review of the results of 16 companies, Benfield said most companies recouped their hurricane losses from 2005 and reported group net income of $11.6 billion in 2006 compared with a loss of $2.1 b
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