Bright Elected President of Iowa Mutual Insurance
The board of directors of Iowa Mutual Insurance Co., in DeWitt, Iowa, has elected Drew Bright president. Bright is the 10th president of the company in its more than 100-year history. He succeeds Thomas R.
Vanliner Partners with Agents Association on Moving, Storage Agents Program
Vanliner Insurance Co., an insurer in the moving and storage industry, introduced a new affinity program developed for moving agents affiliated with the Allied Agents Association (AAA).
Future Vision: Will Driving Become Too Safe to Insure?
May 9, 2012 by admin
Filed under Auto Insurance, News
What would happen to the auto insurance industry if automobile safety improves to the point that vehicle collisions become relics of the past? That’s the question explored by global consulting and research firm, Celent, in a new report that envisions a future of increasing emphasis on safety in the automobile industry and among government entities that leads to a massive drop off in auto insurance premium for U.S. property/casualty insurance companies
Genworth Financial Cuts About 80 Positions at Virginia Offices
Genworth Financial Inc. has cut nearly 80 positions at two Virginia operations. The move comes days after the Richmond-based company’s chairman and CEO, Michael D
Young Drivers Know Risks But Text Anyway: Survey
Most young American drivers agree that it is dangerous to text while driving, but nearly a third admit they do it anyway, a survey by Consumer Reports shows. While eight in 10 said they knew of the risks, about 29 percent of drivers 16 to 21 said they had used text messaging in the past month, the survey found
Utah Counties Sue BLM Over Road Dispute
State officials say 10 Utah counties have sued the federal government over title to thousands of miles of roads that cross public land in the state, and 12 more counties are expected to follow suit next week. Utah Chief Deputy Attorney General John Swallow says the state will be listed as a plaintiff in the lawsuits filed by 22 of Utah’s 29 counties against the Interior Department and Bureau of Land Management
Colorado Man Seeks $5 Million From BP For Firing
A Durango, Colo. man is suing BP claiming he was fired for reporting safety violations by a BP contractor. Larry Holland, an employee of Grand Junction-based Pure Automation Inc., is seeking $5 million
Settlement Reached in Maine Class-Action Disability Lawsuit
A federal judge in Maine has approved a settlement in a class action lawsuit on behalf of 40 people with long-term disabilities who wanted opportunities to live outside nursing homes. District Judge Nancy Torreson on Wednesday approved the settlement in a suit brought against the Maine Department of Health and Human Services in 2009 on behalf of three young men with cerebral palsy who had lived in nursing homes for years
Florida Governor Signs Long-Awaited Auto Insurance Anti-Fraud Bill
Florida’s decade long attempt to reform the state’s automobile no-fault insurance law has finally paid off.
N.Y.-Based Alleghany Acquires Manufacturing Firm Bourn & Koch
New York-based global specialty insurer Alleghany Corporation said its investment management unit acquired a majority stake in manufacturing firm Bourn & Koch. Terms of the transaction were not disclosed. Alleghany, in addition to its core P/C insurance business, invests in various subsidiaries through its Alleghany Capital Corporation division.