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News – Insurance Journal
Outlooks Revised to Positive for Michigan’s Auto Club Group
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Dearborn, Michigan-based Auto Club Insurance Association and its wholly owned subsidiaries, Auto …
POSTED FEBRUARY 19, 2019 7:05 AM |
Missouri’s POWERS Insurance and Risk Management Hires Hentschke, Wittenberg
POWERS Insurance and Risk Management, a St. Louis, Missouri-based family owned and operated independent insurance agency, has added Samantha Hentschke as personal lines account manager and Luke Wittenberg as commercial lines insurance advisor. Hentschke will pursue new business opportunities, as …
POSTED FEBRUARY 19, 2019 6:21 AM |
State Farm’s Ohio Auto Insurance Customers to See Rate Cuts
State Farm Mutual Automobile Insurance Co. announced it is cutting its rates in Ohio for the second year in a row. The overall personal auto rate in the state is dropping by 3.7 percent, effective Feb. 18. The total state-wide …
POSTED FEBRUARY 19, 2019 6:15 AM |
FTC Privacy Settlement Over Cambridge Analytica Could Cost Facebook Billions
Facebook Inc. is in talks with U.S. regulators over alleged privacy violations that could force the social-media giant to pay billions of dollars in a record-breaking settlement, according to two people familiar with the matter. The U.S. Federal Trade Commission’s …
POSTED FEBRUARY 19, 2019 6:00 AM |
Suit Questions Maiden Holdings’ Handling of AmTrust Portfolio Risks
Maiden Holdings Ltd. is named in a class action investor lawsuit alleging that it failed to adequately address and reveal portfolio risks involving AmTrust Financial Services, its largest customer. The complaint alleges that Maiden didn’t disclose material information, and the …
POSTED FEBRUARY 19, 2019 6:00 AM |
Lincoln-Leavitt Insurance Adds Gordon and Davis in California
Lakeport, Calif.-based Lincoln-Leavitt Insurance has added Tina Gordon and Maria Davis. Gordon will focus on commercial insurance for the construction, manufacturing, retail and wholesale industries. Davis is an account manager and will service client accounts. Prior to joining the agency, …
POSTED FEBRUARY 19, 2019 6:00 AM |
Travelers Expands Wedding Protector Plan to Include Jewelry Insurance
The Travelers Companies, Inc. has expanded its Wedding Protector Plan insurance offering to include separate fine jewelry insurance policies with coverage limits of up to $100,000. Typical homeowners insurance policies often have limits for jewelry of up to about $1,500. …
POSTED FEBRUARY 19, 2019 5:40 AM |
North Carolina Insurers Request 19% Rate Increase for Mobile Home Policies
The North Carolina Rate Bureau has filed a request to increase homeowners’ insurance rates for mobile home policies of at least 19 percent, according to the North Carolina Department of Insurance (NCDOI). The NCRB, which represents insurance companies and is …
POSTED FEBRUARY 19, 2019 5:31 AM |
New Georgia Insurance Chief Focuses on Fighting Fraud in First Month in Office
Georgia Insurance Commissioner Jim Beck has cracked down on insurance fraud since taking office Jan. 15, reporting the arrests of 11 individuals for various fraud-related activities and guilty pleas of nine people for racketeering and insurance fraud. “Every time the …
POSTED FEBRUARY 19, 2019 5:22 AM |
South Carolina Officials, MADD Push Stricter DUI Legislation
South Carolina officials have joined members of Mothers Against Drunk Driving in support of stricter DUI legislation. Gov. Henry McMaster, law enforcement and some members of the General Assembly joined that group Feb. 12 on the Statehouse grounds in support …
POSTED FEBRUARY 19, 2019 5:06 AM |
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