News

IBM has taken a step to reinforce its position in the insurance marketplace with the acquisition of Lombardi, a privately held software company based in Austin, Texas. Financial terms were not released.

Announcement on State Farm expected today.

An agreement between State Farm and the Florida Office of Insurance Regulation means that the carrier will remain in the state and get a rate hike.

New York insurance regulators said 113 State Farm policyholders, whom the company wanted to drop because their homes were on the coast, will be allowed to renew their coverage.

Two insurance trade groups are telling the Senate leadership that the current draft of health care reform legislation ignores the interests and needs of the current employer-based insurance system.

The Florida Office of Insurance Regulation (Office) has reached an agreement with State Farm Florida that will allow the insurer to remain a significant player in the Florida residential property insurance marketplace.