(BUSINESS WIRE) – Another risk of a faltering economy may be an increase in the number of drivers who travel American highways and byways without adequate auto insurance. Falling housing prices, rising unemployment and turmoil in the financial markets have hit consumers hard, and some may be cutting costs on protection on the road. As […]

(BUSINESS WIRE) – The Insurance Research Council (IRC) recently reported that by the year 2010, nearly one in six drivers across the United States will be driving without auto insurance. Travelers (NYSE: TRV) is reminding consumers that dropping auto insurance coverage is illegal in most every state and could mean financial disaster for families. The company […]

(PRNewswire) – The Olathe, Kansas Chamber of Commerce has awarded the prestigious “Corporate Citizen of the Year” award to Farmers Insurance Group of Companies®. Vince Donofrio, Vice President, HelpPoint Operations, Rod Johnson, Vice President of ServicePoint Operations and Rob Koch, Director of the National Property Claims Operations accepted the special award from Olathe Chamber of […]

(NCDOI) – North Carolina Insurance Commissioner Wayne Goodwin reported the arrest this week of another Eastern North Carolina resident for his part in what Department of Insurance of investigators are calling an auto insurance fraud ring that staged accidents for more than four years and stole more than $100,000 in phony insurance payments.

Two days after State Florida’s Insurance said it wanted to pull out of Florida, the state’s insurance commissioner says he’s issued a subpoena requesting detailed information about the company’s Florida property insurance policyholders. The subpoena is requesting names, addresses, policy types, policy limits and premium information for each of State Farm’s Florida policyholders.

Today, the Progressive Insurance Automotive X PRIZE, an incentive competition conducted by the X PRIZE Foundation, praised President Obama’s plan to allow states to regulate automobile greenhouse-gas emissions and to expedite countrywide regulations for increased fuel efficiency standards. “We share President Obama’s goal to reduce greenhouse-gas emissions and increase fuel efficiency standards, and commend him […]

(BUSINESS WIRE) – Nationwide Mutual Insurance Company is urging customers to take steps now to prevent potential damage from extreme winter weather conditions. With several weeks of winter weather ahead for many parts of the country, there is still ample opportunity for property owners to take preventative action that could save money and avoid frustration. […]

(Kansas Insurance Department) – Kansas Insurance Commissioner Sandy Praeger’s office said it helped thousands of Kansas consumers settle disputes with their insurance companies in 2008, recovering more than $13.6 million in insurance claims for policyholders. The recoveries are funds returned to policyholders through settlement of claims disputes with insurance companies, based on inquiries and formal […]

(Hartford Business Journal) – Despite a 90 percent decline in profits through the first three quarters of 2008, property and casualty insurers have outperformed several other financial sectors, according to Bob Hartwig, president of the Insurance Information Institute. Hartwig, who delivered a state of the insurance industry address at the state Capitol last week, said […]

(BBC NEWS) – It would allow banks who pay a fee to have their bad loans underwritten by the taxpayer up to a certain level. BBC business editor Robert Peston says the move is designed to avert a further loss of confidence ahead of gloomy results expected from the big banks. Treasury officials and bank […]