Banking & Financial Services:Insurance headlines from the week of March 27, 2006
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Auto insurance companies will be allowed to raise their rates in Georgia without state approval under a bill signed by Gov. Sonny Perdue Wednesday.
Read Perdue inks free-market approach to auto coverage (Links)
Florida's suspension of Allstate Cos. ability to do new business in the state is back in effect, and Insurance Commissioner Kevin McCarty said he expects a certification from the company offering access to its records.
Read Allstate once again suspended in Florida (Links)
First American Spatial Solutions has kept mortgage lenders' heads above water for almost 20 years.
Read First American Spatial to target insurance industry (Links)
California Insurance Commissioner Steve Poizner said Friday that -- for the first time in six years -- his office will not issue a mid-year workers' compensation "pure premium rate advisory" for July.
Read Department of Insurance skips mid-year workers' comp rate advisory (Links)
Liberty Mutual Group reported Monday net income of $360 million for the three months ended March 31, 2008, an increase of $10 million over the same period in 2007.
Read Liberty Mutual improves Q1 net income by $10M (Links)
A lull in hurricanes and more availability of reinsurance is making commercial insurance cheaper. But the credit crunch doesn't allow smaller players to compete effectively against institutional buyers for large South Florida properties, industry experts say.
Read Commercial insurance rates down (Links)
There's a new insurance agency in town, but it's filled with alot of familiar faces.
Read Stephens pulls from rival for launch (Links)
Read State insurance agency relocation marks rise of downtown Lazarus (Links)
A Gainesville insurance firm, specializing in offering insurance through residential real estate agencies in metro Atlanta, has inked a deal in Alabama and plans to become a regional company.
Read Gainesville insurance agency going regional (Links)
Rising crude prices and weak gas margins are continuing to drag down Valero Energy's earnings from its record highs of a year ago. (VLO)
Read Valero earnings fall as crude oil prices rise (Links)
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