(BUSINESS WIRE) – Below is a press release and VNR of Farmers Insurance Group, Inc. CEO Robert Woudstra announcing an expansion of two new buildings that will begin this fall. If you have questions, need further information, or would like an interview with Mr. Woudstra in Grand Rapids, he will be available all day today, […]

Unlike liability insurance, which pays for damages by accidents where you are at fault, UM/UIM coverage protects you (“the insured”) by paying (up to the UM/UIM coverage policy limit) for damages such as medical bills, lost wages, pain and suffering, property damage, and other losses when you are injuried by a person who cannot afford […]

Earlier this month, CBS 47 TV out of Fresno, Calif., reported on a close call for a County resident when her car was rear ended and forced into a canal full of water west of the city. The CBS 47 coverage of the incident indicated that the woman managed to get out of her car […]

Delaware Insurance Commissioner Karen Weldin Stewart said The Hartford has agreed to refund over $150,000 to nearly 1,300 auto insurance customers due to the mishandling of the company’s rate filing for its AARP auto insurance program in the state.

Long-term care insurance (LTCI) is an expensive and complicated product. It’s sold by a shrinking number of financially challenged insurers and subject to differing state rules that aren’t always effectively enforced. Consumers have faced large rate increases, and complaints about industry sales practices and claims denials are on the rise. No wonder that private LTCI […]

(Bloomberg) – GMAC LLC plans to sell $4.25 billion of three-year notes guaranteed by the Federal Deposit Insurance Corp. in the first government-backed bond offering by a speculative-grade company. The auto and home lender that received $13.5 billion in U.S. funds is selling $3.5 billion of fixed-rate notes that may pay interest at the benchmark […]

(Dow Jones) – The red umbrella is back in the Dow. In an ironic twist, Citigroup Inc. (C) will soon lose its place in the Dow Jones Industrial Average to Travelers Companies Inc. (TRV), a property-and- casualty insurance company Citi sold only seven years ago. In the corporate world, the two companies are something like […]

President Barack Obama pushed a humbled General Motors Corp. into bankruptcy on Monday and said the federal government will act as “reluctant shareholder” when it assumes a 60 percent ownership of the smaller carmaker that emerges. The president said he hopes GM – once a proud symbol of American capitalism — would emerge quickly from […]

(The Motley Fool) – If you haven’t chatted up your insurance company lately, it’s time to give your rep a call. You may be due for a discount, whether because of your age, your exemplary behavior, or the type of car you drive. Here’s a peek at the breaks sometimes offered by major carriers. Grab […]

(BUSINESS WIRE) – The Travelers Companies, Inc. today announced it has established The Travelers Institute as a means of participating in public policy dialogue on matters of interest to the property casualty insurance sector, as well as the financial services industry more broadly. The Travelers Institute will draw upon the industry expertise of Travelers’ senior […]