Latest News in Home Insurance – Aug 02, 2010
NIP Launches Insurance Program for PetCare Professionals
NIP Programs, a division of NIP Group, Inc. has created a new insurance program designed specifically for the pet care industry. The new program is called PetPro and works as a one-stop, complete …
Mercury General Reports Q2 Net Premiums Written Down 1 percent
Mercury General Corp. reported it spent $12.1 million in the second quarter of 2010 supporting Proposition 17, a California ballot initiative that did not pass. Nevertheless, the Los Angeles-based …
Towers Watson: Gulf Oil Spill not a Major Event for P/C Insurers
The Deepwater Horizon disaster in the Gulf of Mexico will not be a major event for the property/casualty insurance industry, but it may spur tightening of insurance terms and prices in the energy …
London’s Oxygen Insurance Appoints Rowlands Head of Office
Oxygen Insurance Brokers, a subsidiary of Oxygen Holdings plc, has appointed Simon Rowlands as head of office, Oxygen Corporate Risks, (Leeds).
Rowlands recently joined Oxygen as senior client …
Ohio Insurance Department Recovered $11.4M for Consumers in 2009
Claim denials were the number one complaint of Ohio insurance consumers in 2009, according to statistics released by the Ohio Department of Insurance.
Nearly one-third of the 5,453 consumer …
Higginbotham & Associates Adds Havran and Schneider
Texas-based regional independent insurance brokerage firm, Higginbotham & Associates, has recruited insurance brokers Blake Havran and Brian Schneider to its Commercial Property & Casualty …
United Heartland Names Walsh VP of Claims and Managed Care
United Heartland, based in New Berlin, Wis., has appointed Patrick Walsh as vice president of Claims and Managed Care.
Walsh has joined United Heartland's executive team and is responsible for …
Federal Judge Lets Virginia Challenge to Obama Healthcare Law Proceed
A U.S. judge Monday refused to dismiss the state of Virginia's challenge to President Barack Obama's landmark healthcare law, a setback that will force his administration to mount a lengthy legal …
Cooper Gay Touts Ambitious Plan for New Business
Fresh off of its merger with U.S. wholesale insurance broker Swett & Crawford, London-based Cooper Gay says it plans to double the number of binding authorities it handles worldwide within …
Marsh Names 59 Managing Directors in U.S., Canada
Marsh announced the appointment of 59 new managing directors in North America.
The members of the Marsh 2010 Class of Managing Directors work within a number of different risk practice and …
Korducki Elected President of Sunshine State Insurance in Florida
Stephen A. Korducki, a senior insurance and reinsurance executive, has been elected president and CEO of Sunshine State Insurance Co., Inc. (SSIC), a homeowners insurance writer in Florida. …
MetLife to Sell $3 Billion in Stock to Buy AIG Life Unit
MetLife Inc. said it plans to sell more than $3 billion of stock to help pay for its acquisition of the foreign life insurance business of American International Group, or about 50 percent more …
Insurers Report Rise in Questionable Claims Led By Hail, Auto Glass
Property/casualty insurance companies are reporting that the number of claims requiring more scrutiny than normal rose again in the first half of this year compared to 2009.
The National Insurance …
A.M. Best Affirms Financial Strength of Florida Family, Lakeview Insurance
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to "bbb+" from "bbb" and affirmed the financial strength rating of B++ (Good) of Florida Family Insurance Co. and Lakeview Insurance Co. …
Massachusetts Lawyer Reinstated After Insurance Scam
A lawyer from a well-known Massachusetts personal injury firm who was convicted of insurance fraud will be allowed to practice law again.
The state's highest court on Thursday reinstated the law …
