Posts Tagged ‘State’
COO Blackburn set to retire at State Auto
Posted by: incur on: January 23, 2011
Insurance veteran Mark Blackburn will retire State Auto Financial Corp. in November, has resigned from the company?s board of directors and has given up his positions as chief operating officer and executive vice president, State Auto said Monday. Blackburn, 59, joined the company in 1999 after working executive-level jobs at Grange Mutual Casualty Group and [...]
State Farm Agent Honored for realLIFEstories
Posted by: incur on: September 19, 2010
BLOOMINGTON. Ill., /PRNewswire/ — State Farm agent Chad Gregorini, Aspinwall, Pa., is honored this year by the Life and Health Insurance Foundation for Education’s fifteenth annual realLIFEstories. Gregorini insured Pittsburgh Police Officer Stephen Mayhle with a term life insurance policy. Mayhle was almost not insured. He wanted to cancel his life insurance because money was [...]
State Farm, Nationwide Among Property Insurers in Hurricane Earl’s Path
Posted by: incur on: September 2, 2010
State Farm Mutual Automobile Insurance Co. and Nationwide Mutual Insurance Co. are among insurers with the most at risk from Hurricane Earl, which threatens to graze North Carolina on Sept. 3. The state had about $133 billion of coastal property covered by insurers according to 2007 data from AIR Worldwide, distributed by the Insurance Information [...]
State Farm drops plans to withdraw from Florida
Posted by: incur on: February 2, 2010
TALLAHASSE, Fla., State Farm Florida dropped its plan to withdraw from the property insurance market in hurricane-prone Florida on Wednesday as part of a settlement with state regulators that includes an average 14.8 percent rate increase for homeowners and condominium owners. The agreement also lets the insurer, which wants to reduce exposure to the greatest [...]
State Farm drops plans to withdraw from Florida
Posted by: incur on: February 1, 2010
TALLAHASSE, Fla., State Farm Florida dropped its plan to withdraw from the property insurance market in hurricane-prone Florida on Wednesday as part of a settlement with state regulators that includes an average 14.8 percent rate increase for homeowners and condominium owners. The agreement also lets the insurer, which wants to reduce exposure to the greatest [...]
State Farm drops plans to withdraw from Florida
Posted by: incur on: December 18, 2009
TALLAHASSE, Fla. ? State Farm Florida dropped its plan to withdraw from the property insurance market in hurricane-prone Florida on Wednesday as part of a settlement with state regulators that includes an average 14.8 percent rate increase for homeowners and condominium owners. The agreement also lets the insurer, which wants to reduce exposure to the [...]
Insurance Regulators Besiege Congress To Defend State Regulation
Posted by: incur on: May 26, 2009
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Dozens of state insurance regulators have descended on Congress, to urge that any federal insurance regulatory reforms should keep in place and build on the existing state-based regulation model. The nation’s state-based regulatory system, the regulators said in a statement, “has remained a constant in an otherwise erratic economic climate.” Joining the National Association of [...]
Insurance firms deserve fair and reasonable treatment from state regulators
Posted by: incur on: May 14, 2009
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True to her word, Gov. Jennifer Granholm is cracking down on Michigan insurance companies that didn’t go along with her call for a year-long rate freeze. Proposed rate hikes sought by noncomplying insurers — most of the firms writing auto insurance policies here — have been fly-specked as never before. This pressure from the Office [...]
North Carolina Legislation to Freeze Rates Would Risk Availability of Homeowners’ Insurance Throughout the Entire State, NAMIC Says
Posted by: incur on: April 5, 2009
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INDIANAPOLIS (March 19, 2009) – A proposal to hold down homeowners’ insurance rates in North Carolina would harm rather than help insurance consumers, according to the National Association of Mutual Insurance Companies (NAMIC). The North Carolina House Insurance Committee today is hearing testimony on a proposal to freeze homeowners’ insurance rate modifications that were approved [...]
State may not boost healthcare premiums
Posted by: incur on: April 3, 2009
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Tens of thousands of residents who receive state-subsidized healthcare will avoid any increase in monthly premium costs this year, and some may even pay less, under a plan to be voted on today by state regulators. Secretary of Administration and Finance Leslie Kirwan confirmed late yesterday that her staff will recommend that the Connector Authority [...]
