- Year in Review: Big insurance companies raise rates
INDUSTRY FALLOUT from the Sept. 11 terrorist attacks, stock market losses and unprofitable rate structures led homeowner insurance writers to red rethink their policies in 2002. State Farm Fire arid Casualty Co., which insures one of every three homes in Louisiana, stopped writing new homeowner policies early in the year, ......
- Workers' compensation
providers.
THIS YEAR'S RANK COMPANY PHONE/FAX LOCATION 1 Workers (801) 288-8000 P 392 East 6400 South Compensation Murray, UT 84107 Fund of Utah www.wcf-utah.com 2 Zurich American (800) 800-3907 P 5011 Gate Parkway Insurance Company Jacksonville, FL 32256 3 Liberty Mutual (800) 344-0197 P 175 Berkeley Street Fire Insurance Mailstrop 03B ......
- Do You Need to Buy Rental Car Insurance?
Rental car insurance can be confusing. You need to make sure you have enough insurance to cover you in case you have an accident, but you don´t want to pay for coverage you already have.Don´t wait until you´re in a quandary at the rental counter. Before your next business trip, ......
- Insurers finally adopt Prop. 103: auto policy rates no
longer based on driver's zip code.
After nine years of court challenges and regulatory delays, Proposition 103 is finally hitting the road. Last week, more than 200 insurers filed new pricing guidelines on automobile policies with the state Department of Insurance. The new rates will be based primarily on a motorist's driving record, instead of being ......
- Insurance cos. weather claims from Tropical Storm Allison
TROPICAL STORM Allison has nothing on the floods of 1995, say auto insurers. Still, the storm resulted in millions of dollars in claim for damaged cars. Comprehensive auto policies cover flood damage as well as damage caused by other nondriving events such as vandalism, theft and fire. Although it's not ......
- Insurance regulators may use stick instead of carrot
against redlining.
The California Department of Insurance will be forced to use the fear of public "embarrassment" rather than financial incentives to persuade insurers to write coverage in underserved areas, under new proposed anti-redlining regulations, Bill Ahern, deputy insurance commissioner, told the Business Journal last week. In the department's original anti-redlining regulations, ......
- On second thought
State Farm Insurance, based in Wayne, has decided to stop dropping 4,000 auto policyholders a month. Last month, the insurer said it would shave about $70 off its average auto policy. The moves are signals to the state-essentially peace offerings-following the passage of Governor James E. McGreevey's auto insurance reform ......