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Posts Tagged ‘State

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 General Reinsurance Corp. He was named COO in 2008.

State Auto (NASDAQ:STFC) Read the rest of this entry »

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 tight, and he thought his group life insurance policy would be Read the rest of this entry »

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 Institute. Nationwide, Bloomington, Illinois-based State Farm and North Carolina Farm Bureau Insurance Read the rest of this entry »

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 storm risks, not renew about 15 percent of its policies.

The deal resolves Read the rest of this entry »

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 storm risks, not renew about 15 percent of its policies.

The deal resolves Read the rest of this entry »

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 storm risks, not renew about 15 percent of its policies.

The deal resolves Read the rest of this entry »

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 Commissioners pilgrimage to Capitol Hill Read the rest of this entry »