Louisiana Insurance Commissioner Jim Donelon last week ordered insurers to give policyholders an additional year to go to court against them in disputes over damage claims from Hurricanes Katrina and
Overall property-casualty rates declined by an average of 7 percent last month, a point higher than in May and more than twice the 3 percent figure recorded a year earlier, according to the Market
The property-casualty industry faces its first post-Katrina "wind vs. flood" court challenge in a bench trial that opened last week in a Mississippi federal district court, and while confident of a
For the past few months, several companies have faced state and federal scrutiny for allegedly granting options to executives with dates stamped before they were granted, giving the options a "strike
Allstate would seem a safer bet this quarter than Progressive. "Based on our recent cross-selling work, we now believe the negative impact on Allstate auto sales due to their reduction in coastal home
Allstate would seem a safer bet this quarter than Progressive. "Based on our recent cross-selling work, we now believe the negative impact on Allstate auto sales due to their reduction in coastal home
The case, which began Monday, pits Pascagoula residents Paul and Julie Leonard against the Nationwide Mutual Insurance Company in a nonjury proceeding that will be decided by U.S. District Court Judge
Widening federal investigations and an increase in shareholder lawsuits over alleged stock-option abuses have sparked new concerns about the D&O market. "The markets have largely ignored the issue, bu
The commissioner said in a statement that a recent Department of Insurance study showed homeowners writers paid far less than 50 cents on the dollar to cover policyholder claims, with Safeco coming in