Progressive Corp., the fourth-largest U.S. auto insurer, said second-quarter profit rose 24 percent after an acquisition that pushed the company into homeowners coverage. Net income climbed to $363.3 million, or 62 cents a share, from $293.4 million, or 49 cents, …
The article Progressive’s Move Into Homeowners Paying Off; Q2 Profit Up 24% appeared first on Insurance Journal.
Federal authorities have issued tough new rules on check-cashing businesses in South Florida as part of the ongoing fight against rampant identity theft and tax fraud. The Treasury Department’s order applies to federal tax refund checks over $1,000 in Miami-Dade …
The article U.S. Issues Tougher Rules for South Florida Check-Cashing Facilities appeared first on Insurance Journal.
For California workers seeking to be paid for time spent getting bags searched after their shifts end, state law may provide the remedy that federal law doesn’t. On Thursday, a judge in San Francisco said that Apple Inc. store workers …
The article California Judge Rules Apple Workers Can Sue as a Class Over Searches appeared first on Insurance Journal.
The New York State Department of Financial Services (NYDFS) has approved an average 5.9 percent increase in workers’ compensation loss costs for new and renewal business to become effective on Oct. 1, 2015, the New York Compensation Insurance Rating Board …
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“Go Set a Watchman” isn’t the only book this year that brings new perspective to an old story line. “Climate Shock: The Economic Consequences of a Hotter Planet” should shift our narrative on climate change. The old story line: People …
The article Insure Against Risk of Climate Catastrophe: Peter Orszag in Bloomberg View appeared first on Insurance Journal.
Whistleblowers who sued State Farm Fire and Casualty Co. can seek more evidence of fraud against the U.S. government after 2005’s Hurricane Katrina, a federal appeals court ruled July 13. In its decision, the New Orleans-based 5th U.S. Circuit Court …
The article U.S. Appeals Court Rules for Whistleblowers in State Farm Katrina Fraud Case appeared first on Insurance Journal.
Insurers for the Southern Baptist Convention have agreed to pay $26 million to a man who was paralyzed and suffered brain damage in a rollover crash during a 2009 missionary trip in Montana, Attorney Anders Blewett said Tuesday. The insurance …
The article Quadriplegic Missionary Gets $26M Settlement in Montana Crash appeared first on Insurance Journal.
A federal lawsuit filed by the parents of a 14-year-old southwest Missouri boy who killed himself after being bullied at school has been settled for $300,000. The Joplin Globe reports the Carl Junction School District and its insurance company settled …
The article Missouri School District Settles Bullying Lawsuit for $300K appeared first on Insurance Journal.
Benjamin Lawsky’s bank-busting reputation may have earned him his own tribute in this week’s landmark Iran nuclear agreement. Lawsky was the first superintendent of New York’s beefed-up banking and insurance overseer, which gave him enforcement power over international banks chartered …
The article Lawsky’s Bank-Busting Reputation Looms Over Pact With Iran appeared first on Insurance Journal.
Floodwaters that rushed through eastern Kentucky left one dead and seven unaccounted for as search teams combed the hilly Appalachian terrain Tuesday, with the threat of more floods bearing down on rescue efforts. Emergency personnel in the hardest-hit neighborhoods in …
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