State Auto Insurance Cos. will no longer be writing new automobile and homeowners’ insurance in Rhode Island, and is putting an end to its homeowners business in Massachusetts.
It took a special legislative session for them to agree, but Texas lawmakers have passed reform legislation for the Texas Windstorm Insurance Association.
For the first time, customer satisfaction with price is higher with those who have separate auto and homeowners’ insurance policies versus customers with both policies under the same insurer.
Two Liberty Mutual subsidiaries in North Carolina have issued more than $1 million in refunds to policyholders the companies overcharged, says Insurance Commissioner Wayne Goodwin.
Two California trade associations have filed court documents in an attempt to stop one aspect of regulations that were implemented June 27 by Insurance Commissioner Dave Jones.
Rating agency Moody’s says a recent Supreme Court ruling in favor of Wal-Mart—and the high burden of proof it puts on future plaintiffs—is credit positive for corporate America, including insurers of corporate liability.
The fate of reform to the Texas Windstorm Insurance Association—and the summer plans of lawmakers—may be in the hands of two legislators working privately on a bill on which the state Senate and House can agree.