AS CONGRESS prepares to debate how to increase the availability of property insurance in catastrophe-prone areas and to make the coverage more affordable, one key voice hasn't received much of a hearing. That's the voice of commercial policyholders, AS CONGRESS prepares to debate how to...
A California intermediate appellate court has ruled that a first party property insurance policy does not cover the loss of computer data resulting from a computer system “crash.” The appellate court affirmed a trial court’s judgment that no coverage exists where a computer data loss is unaccompanied by the destruction...
Just having insurance coverage in place does not guarantee that one’s loss will be fully reimbursed. A final settlement can be affected by the policyholder’s actions from the moment the loss occurs. From securing the loss site and notifying the insurer to agreeing on the final settlement, the policyholder needs...
Recently, mold has become the center of multi-million dollar litigation. Some blame an overzealous plaintiff’s bar, which, in turn, relies upon claimed advances in medical and forensic science. Regardless of the causes of the recent increasing trend in mold and fungus related litigation, it is sure to lead to increase...
OLYMPIA, Wash. -- In what is thought to be the first decision of its kind by a state appellate court, the Washington Supreme Court has ruled that property insurance can cover the cost of cleaning groundwater beneath the property of a policyholder res OLYMPIA, Wash. --...
HOUSTON, July 23 /PRNewswire-FirstCall/ -- The Hanover Insurance Group, a leading super regional property and casualty company, today announced it is prepared to respond to claims resulting from Hurricane Dolly, which is sweeping through southern Texas today. (Logo: http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO ) "We are deeply concerned about...
Multi-line insurer to rely on Guidewire ClaimCenter for next-generation claims handling and customer service enhancements SAN MATEO, Calif. -- Guidewire Software[R], a leading global provider of technology solutions to property and casualty insurers, today announced that The PMA Insurance Group has selected Guidewire ClaimCenter[R] as...
BIRMINGHAM, Ala. -- ProAssurance Corporation (NYSE:PRA) is included in the 2008 Ward's 50, the second straight year that the Company has been named to the prestigious list of top performing property-casualty insurance companies. As in 2007, ProAssurance is the only specialty medical professional liability carrier to be...
COLUMBUS, Ohio -- State Auto Financial Corporation (NASDAQ: STFC) today announced its preliminary estimates of losses due to second quarter 2008 catastrophe storm activity. The company expects second quarter 2008 results will include between $76 and $84 million in pre-tax catastrophe losses. The above range includes $3.4...
PROPERTY With hundreds of thousands of households facing huge hikes in their mortgage payments, Esther Shaw sees how they might limit the damage July could prove an extremely tough month for borrowers who are about to come to the end of a cheap...
DES MOINES, Iowa -- EMC Insurance Group Inc. (Nasdaq:EMCI) today announced that as a result of a record amount of Midwest storm losses during the second quarter, including the devastating tornado in Parkersburg, Iowa, management has revised its 2008 operating income1 guidance to a range of $1.20...
SAN DIEGO -- Audatex, a Solera company and the only global claims solutions provider serving the automotive industry, today announced, that The Dominion of Canada General Insurance Company The Dominion has signed a multi-year renewal agreement with Audatex North America, Inc. Under the terms of the agreement,...
Boston leads state in number of registered hybrid vehicles and sees triple digit gain in hybrid drivers in past year WORCESTER, Mass. -- Record-high gas prices across the country are fueling the urge for car owners to identify ways to reduce their gas consumption. As...
Fourth Annual "Allstate America's Best Drivers Report[TM]" Reveals Cities with Safest Drivers; Offers New Data on Gender and Generation NORTHBROOK, Ill. -- Residents in Sioux Falls, S.D., continued to top the chart as the safest drivers in the U.S., according to the fourth annual "Allstate...
Ability to Identify Cost Drivers and Work More Collaboratively with Outside Counsel to Improve Case Outcomes and Reduce Indemnity Fuels Demand PORTSMOUTH, N.H. -- Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced continuing momentum for its...
Travelers Addresses Common Misconceptions about Flood Insurance HARTFORD, Conn. -- As the Midwest battles some of the worst flooding in recent memory, insurance agents are busy answering questions about flood insurance - questions that are best addressed before a stressful situation develops. A recent Mason-Dixon...
OLDWICK, N.J. -- The U.S. property/casualty industry's net profit plunged 45% to $9.3 billion in the first quarter of 2008, driven primarily by premium erosion, deteriorating underwriting results, higher catastrophe-related losses and weaker investment returns. In addition, the industry's performance was negatively impacted by significant underwriting losses...
New Rate Filing Drops Private Passenger Insurance Rates 8.7 Percent QUINCY, Mass., June 30 /PRNewswire/ -- The Arbella Insurance Group today announced that it has received approval for new private passenger auto rates that will result in an overall average annual rate decrease of...
HAMILTON, Bermuda -- Everest Re Group, Ltd. (NYSE: RE) will release its Second Quarter 2008 earnings after close of trading on the NYSE on July 21, 2008. A conference call discussing the results will be held at 8:30 a.m. Eastern Time on July 22, 2008....
Program to Air June 27 at 10 p.m. on NJN PARSIPPANY, N.J. -- It's a well known fact that, statistically, newly licensed teen drivers have higher crash and traffic violation rates. What may be surprising is the role their parents' driving record plays. Funded by...
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