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Within two years he received an order from the state of Pennsylvania's Department of Insurance that he had to either disband the association or charter it according to the states regulations. On October 9, 1917 the Mutual Auto Theft Insurance Company and the Mutual Auto Fire Insurance Company were chartered. [citation needed]
Donegal Group Inc.'s insurance subsidiaries offer personal and commercial property and casualty lines of insurance in 22 Mid-Atlantic, Midwestern, New England and Southern states. The insurance ...
The company was founded in 1838 as the Atlantic Insurance Company. [2] Originally a joint-stock company, [3] it became a mutual company on April 11, 1842. [3] [4] Its first chairman was Walter Restored Jones, a member of a prominent upper-class family of attorneys in New York City. [3]
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
The claim will be handled according to the state’s fault laws. Currently, 12 states follow no-fault insurance laws, with the remaining states and Washington, D.C. being considered at-fault ...
The NAIC is not a regulator; while its members are the insurance commissioners (i.e., the chief insurance regulators) of each U.S. state and six territories, [1] the NAIC is a non-governmental organization that concerns itself with insurance regulatory matters but does not actually regulate. The states have not delegated their regulatory ...
One example can be a customer suing a company to repeal an action deemed an infringement on the rights of the customer as a citizen and thus a subject to federal or state law. The largest direct-action lawsuit in history ($333 million) was the subject matter of the motion picture Erin Brockovich .
A claims adjuster from the insurance company inspects the alleged damage. The adjuster either finds no damage or far more minimal damage than the contractor found, and the claim payout is less ...