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Reliable Insurance Managers, Inc. Blog: million

View the latest blog posts from Reliable Insurance Managers, Inc..

Wednesday, April 27, 2011

Insured Losses From Texas Wildfires Total $150 Million

As firefighters in Texas continue to battle raging wildfires, fueled by drought conditions, parched vegetation, low humidity and strong winds, insured losses from one of the fires are estimated at $150 million, according to the Insurance Council of Texas. READ MORE >>

Wednesday, April 13, 2011

State Farm Ordered To Pay $350 Million To Customers

A state judge in Austin ruled on Monday that State Farm Insurance owes nearly $350 million to customers overcharged on premiums from 2003 to 2008. 1.2 million customers are expected to be paid on average $200 to $300 each. State Farm has indicated it will appeal the decision.   READ MORE >>

Thursday, December 23, 2010

AIG to Pay States $146 Million In Worker's Comp Settlement

American International Group Inc. (AIG) has agreed to pay $146.5 million in fines and additional taxes to state insurance regulators for alleged under-reporting of premiums to states more than a decade ago. The company will pay $100 million in penalties to all 50 states and the District of Columbia and another $46. READ MORE >>

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