State Farm must pay $2.5 million in punitive damages to a couple whose house was destroyed by Hurricane Katrina, a Mississippi federal jury ruled last week. The panel's finding came hours after U.S.

Hunter says profits are 'excessive,' labels insurance a 'low-risk

Rep. Gene Taylor, D-Miss., who has repeatedly criticized the insurance industry over the handling of hurricane damage claims, renewed his attacks in a six-page letter to House Financial Services Commi

State Farm, after losing a Hurricane Katrina home damage case to the tune of $2.7 million, is due before the same judge in Mississippi federal court to try a case with a similar fact pattern in 10 day

The reality of climate change can no longer be ignored by U.S. policymakers, and coordinated action needs to be taken between government and business for the sake of future generations, the chairman o

In a presentation published on its Web site, the company said that a capacity crunch for U.S. catastrophe reinsurance in June and July of last year resulted in reinsurance premium increases of roughly

Memphis, Tenn.-based Regions Insurance Group has acquired the assets of Miles & Finch Inc., a multiline insurance agency with offices in Kokomo, Carmel and Logansport, Ind. Transaction terms were not

During the fall 2006 open enrollment period, 636,391 employees signed up for Wal-Mart health plans, up about 8% from the number who signed up for Wal-Mart coverage a year earlier, according to