Latest News in Home Insurance – Sept 01, 2010
Regions Financial Offering Personal Lines Insurance in 5 States
Alabama-based Regions Financial is expanding access to personal lines insurance for its bank customers in Tennessee, Indiana, Illinois, Iowa and Virginia.
Customers will be able to purchase …
Evacuations from North Carolina Islands Underway for Hurricane Earl
Authorities ordered the evacuation of all visitors from North Carolina's Hatteras Island Wednesday, citing the risk of dangerous waves as Hurricane Earl headed for the U.S. east coast.
Vacationers …
Dead Soldiers’ Parents Join Lawsuit Against Prudential Over Benefits
The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for …
China Strategic Considers Appeal of Taiwan’s Decision on AIG Unit Sale
China Strategic Holdings Ltd. will decide whether to appeal a decision by Taiwan's regulators to block its planned purchase of American International Group Inc's Taiwan unit.
In a statement on …
Taiwan’s Fubon: ‘Would Consider’ AIG Taiwan Unit Acquisition
Taiwan financial holding firm Fubon Financial would consider buying American International Group Inc's Taiwan insurance unit if it was put back on sale, Fubon's president said on …
Island of Anguilla to Receive Earl Damage Payment from CCRIF
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is preparing to make a payout to the Government of Anguilla as a result of Tropical Cyclone Earl which passed close to Anguilla and other …
Fireman’s Fund Grants $300,000 to Fire Departments
Fireman's Fund Insurance Co. announced it is awarding fire departments located across the country with a $300,000 grant package designed to help make communities safer.
In all, 20 fire departments …
Morris Polich & Purdy Name Insurance Specialists in San Francisco
Morris Polich & Purdy LLP has named Douglas K. Wood and Andrea Bednarova insurance specialists in San Francisco.
Wood, a MPP partner, is a Martindale-Hubbell "AV-Preeminent" rated trial …
Hurricane Earl Weakens Slightly; Churns Toward East Coast
Hurricane Earl weakened slightly to a Category 3 storm as it churned toward the eastern U.S. seaboard Wednesday and looked to sideswipe the densely populated coast from North Carolina to New …
BP Claims Fund Pays Out $10 Million in First Week Under Feinberg
Kenneth Feinberg, who last week took over the claims process for BP Plc's Macondo well oil spill, has so far paid nearly $10 million in emergency payouts to Gulf Coast residents who have suffered …
Surplus Lines Bills Await Schwarzenegger’s Signature
The California Legislature has passed two surplus lines insurance bills that have been sent to Calif. Gov. Arnold Schwarzenegger.
AB 1708 (Villines), sponsored by the California Department of …
AIR Tracking Typhoon Kompasu, Tropical Cyclones
According to catastrophe risk modeling firm AIR Worldwide, the sixth, seventh, and eighth named storms of the northwest Pacific season are approaching the Asian mainland bringing high winds and …
Lexington to Insure Tax Credits on Low Income Housing
Lexington Insurance Company, a Chartis company, has introduced its Low Income Housing Tax Credit (LIHTC) First Party and Professional Liability Insurance program. The program is designed to …
Oklahoma Prepares to Liquidate Pegasus Insurance Co.
A judge in the District Court of Oklahoma County in mid-August issued an order of liquidation with a finding of insolvency for workers' compensation provider Pegasus Insurance Co. Inc.
Oklahoma …
New Jersey Court: Construction Worker Can Sue Employer
New Jersey workers' compensation laws do not prevent a construction worker injured in a trench collapse from suing his employer, a state Appeals Court has ruled.
The lawsuit — which was …
