Overall satisfaction with homeowners insurance companies fell 23 points this year, putting it at the lowest level in five years, according to an annual survey by J.D. Power and Associates.
The workers’ compensation market felt the effects of the global financial crisis last year, with net premiums written plunging 14.6%, to $12.3 billion, marking its lowest level in a decade.
The Illinois State Rifle Association is asking “all lawful American firearm owners” to boycott AON Corp. and its subsidiaries for their support of a fundraiser for the Brady Campaign Against Gun Violence.
Insurance fraud charges were filed after two probationary police office serving Hackensack, N.J., who allegedly were involved in an effort to falsify police records and inaccurately portray an auto accident involving one of the officers.
GEICO filed three lawsuits seeking a total of $17 million from three organizations for allegedly submitting thousands of suspect no-fault fraud claims.
Donegal Insurance Group recently received the 2010 Interface Partner Award from insurance technology company Applied Systems, recognizing Donegal’s commitment to real-time communication with agencies. Marietta, Pa.-based Donegal was specifically commended for interface advancements in download and real-time rating.
A property-casualty insurance trade group in New York said it is “surprised” that New York regulators issued proposed new regulations they say are designed to ensure that coastal insurance is available and affordable.
The Hartford Financial Services Group Inc. will pay $72.5 million to settle a class-action suit regarding its handling of structured settlements on personal injury and workers’ compensation cases.
As an insurance agent for the past 15 years, I have never been more satisfied with my job of helping our seniors maneuver through the enrollment process of Medicare.