Insurance News

Our insurance news is compiled from the InsuranceJournal and contains about 15 of the top stories from the past few days.. Clicking on a news headline will bring you to the Insurance Jounal web site.

11 insurance articles found.

Out of Trust C.M. Meiers Brokerage in Southern California Fetches $1.375 Million at Auction: Woodland Hills, Calif.-based C.M. Meiers Co. Inc. was auctioned on Friday at a U.S. bankruptcy court near Los Angeles, with three competing bidders pushing the sales price to $1.375 million for the troubled brokerage’s assets and assumption of its liabilities, … ...
Sat, 04 Feb 2012 03:57:41 +0000

Virginia Court Grants Rehearing of Global Warming Claims Case: The Virginia Supreme Court has recently granted rehearing of a closely followed legal case involving global warming, The AES Corp. vs. Steadfast Insurance Company. The court says its previous decision on the case has been “set aside.” On Jan. 17, … ...
Fri, 03 Feb 2012 21:13:59 +0000

Judge Certifies Investor Class Action Against Goldman Sachs: Goldman Sachs Group Inc. was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S. District Judge Harold … ...
Fri, 03 Feb 2012 20:09:24 +0000

Aon Expands U.S. Tenant Rent Default Offerings: Aon has expanded availability to new states for its Aon Rent Protect product that reimburses landlords for lost income when tenants default on rent payments. The product was initially launched in California, Colorado, D.C., Ohio and Pennsylvania, and it is … ...
Fri, 03 Feb 2012 19:52:18 +0000

Earnings Reports: Validus Holdings:                                                 Q4 2011         Q4   2010           Gross premiums written -$278.28 mn    $258.7 mn Full year  -  2011         2010               $2.1247 bn    $1.99 bn Net premiums earned  — $488.35 mn      $432.8 mn   Full year – 2011           2010               $1.802 bn  $1.761 bn       … ...
Fri, 03 Feb 2012 18:31:26 +0000

XL Enhances Real Estate Portfolio Protection: XL Group’s insurance segment has launched enhanced pollution protection for real estate portfolios. The product will be available through the segment’s environmental team. The new product is aimed toward portfolio property owners and managers, developer and redevelopers, and real estate … ...
Fri, 03 Feb 2012 17:53:37 +0000

Ohio Announces $11.6M in Insurance Savings, Recoveries in 2011: Insurance regulators saved or recovered $11.6 million for Ohioans in 2011, the Ohio Department of Insurance announced. The department said it received 5,336 consumer complaints, the majority of which dealt with the denial of insurance claims. Of the recoveries realized … ...
Fri, 03 Feb 2012 17:45:30 +0000

TDECU Insurance Acquires 2 More Texas Independent Agencies: TDECU Insurance Agency LLC announced it has acquired two independent insurance agencies: Assurance Insurance Agency Inc. (Assurance) based in Bellville, Texas, and Burridge Insurance Agency Inc. (Burridge) based in Angleton, Texas. These agency acquisitions are on the heels of TDECU … ...
Fri, 03 Feb 2012 17:04:39 +0000

Utah Offers New Earthquake Hazard Maps for Salt Lake County: Utah is selling new maps that show the shaking intensity of earthquakes for the west half of Salt Lake County. The set of 10 maps also spotlights the risks of landslides, rock falls, floods, radon gas and other hazards in … ...
Fri, 03 Feb 2012 17:04:36 +0000

Federal Disaster Loans For More Reno Fire Victims: The U.S. Small Business Administration is setting up shop in Reno again to help facilitate federal disaster loans for residents and businesses after Washoe County suffered its second big wildfire in two months. The low-interest loans became available Friday to … ...
Fri, 03 Feb 2012 17:02:10 +0000

Insurer: Penn State Policy Limits Lawsuit Coverage: Penn State’s insurer wants a judge to determine if it has to provide coverage or pay for defense costs in a lawsuit over alleged child sex abuse by former football coach Jerry Sandusky, a newspaper reported Wednesday. The complaint filed … ...
Fri, 03 Feb 2012 16:59:26 +0000