Day: May 17, 2008

Florida reinstates Allstate after gaining cooperation

Yahoo finance news reports Allstate agents in Florida can resume selling new car insurance and other policies in Florida after the insurer turned over documents showing how it sets homeowners rates – and that’s good news for all involved.

h/t to Supsalesmgr who brought the news to slabbed and posted this encouragement on ALL finance.

What is important is ALL has pretty much gotten out of the earthquake business and most of their hurricane mitigation plan is in place. That, along with plenty of reinsurance, positions ALL pretty well going into this hurricane season. Continue reading “Florida reinstates Allstate after gaining cooperation”

“Researcher” catches State Farm sneaking in the Qui Tam back door

Here at slabbed we’re concerned about State Farm’s unchecked “back-door” approach to Qui Tam discovery via policy holder cases and made related comments here about Judge Walker’s recent Order.

Researcher – one of my favorite reads in the blogosphere – flat nailed State Farm on the practice with this comment on blog-folo today. Continue reading ““Researcher” catches State Farm sneaking in the Qui Tam back door”

10,000 hurricane insurance cases in federal court in NOLA

The rut in the Road Home, according to a New Orleans attorney quoted in Rebecca Mowbray’s follow-up story on this week’s meeting, includes

judges pushing for settlement on the approximately 10,000 hurricane insurance cases in federal court in New Orleans, and 20,000 cases in New Orleans-area state courts and others in the Rita-affected parishes…[indicating]… the LRA soon will have a lot more settlements heading its way.

This post-script of sorts came at the end of an otherwise positive story on the outcome of a meeting held this past Wednesday. Continue reading “10,000 hurricane insurance cases in federal court in NOLA”