Bureau

Lawsuit Alleges Farm Bureau Financial Concealed Fraudulent Activities

Health Insurance /
Lawsuit Alleges Farm Bureau Financial Concealed Fraudulent Activities

Two former top investigators for Farm Bureau Financial are suing the company for fraud, racketeering and wrongful termination. The lawsuit alleges the insurer’s management group knew of fraudulent activity committed by company employees and refused to report fraud to state regulators. The purpose of the scheme was to pass on the bulk of the financial […]

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Consumer Bureau to Narrow ‘Disparate Impact’ in Civil Rights Lending Law: Sources

Auto Insurance /
Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

The U.S. Consumer Financial Protection Bureau plans to propose in the coming days narrowing a key part of civil-rights era fair-lending regulations as Republican President Donald Trump’s administration overhauls protections and rules it says burden companies, according to two people with knowledge of the matter. The changes to the CFPB’s rules implementing the 1974 Equal

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Louisiana Farm Bureau to Benefit From Demutualization, AM Best Says

Auto Insurance /
Human Screwworm Case Poses No Risk to Agriculture, Says USDA Official

AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau), an action that follows the announcement that that Louisiana Farm Bureau and Southern Farm Bureau Casualty Insurance Company (Southern Farm

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North Carolina Rate Bureau Calls for 68% Dwelling Policy Rate Hike Over 2 Years

Auto Insurance /
North Carolina Rate Bureau Calls for 68% Dwelling Policy Rate Hike Over 2 Years

The North Carolina Rate Bureau is asking for 28.5% and 31% average rate increases for dwelling policies over the next two years, numbers that will likely be reduced after negotiations with the state insurance commissioner. The Rate Bureau, representing insurance carriers in the state, has recommended hefty rate increases over the last few years in

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AM Best Revises Outlooks to Stable for Southern Farm Bureau Casualty Group

Auto Insurance /
Missouri’s Mutual Insurance Companies Report Stronger Results in 2024

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Southern Farm Bureau Casualty Insurance Company, Colorado Farm Bureau Insurance Company (Colorado Farm Bureau) (both of Ridgeland, MS), Louisiana Farm Bureau Casualty Insurance

AM Best Revises Outlooks to Stable for Southern Farm Bureau Casualty Group Read More »

AM Best Revises Outlooks to Stable for Southern Farm Bureau Casualty Group

Auto Insurance /
Missouri’s Mutual Insurance Companies Report Stronger Results in 2024

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Southern Farm Bureau Casualty Insurance Company, Colorado Farm Bureau Insurance Company (Colorado Farm Bureau) (both of Ridgeland, MS), Louisiana Farm Bureau Casualty Insurance

AM Best Revises Outlooks to Stable for Southern Farm Bureau Casualty Group Read More »

New Jersey Compensation Bureau Back Online After Cyber Incident

Home Insurance /
New Jersey Compensation Bureau Back Online After Cyber Incident

The New Jersey Compensation Rating & Inspection Bureau is mostly back online following a cybersecurity event that caused it to shut down its network more than two weeks ago. The workers’ compensation agency said it “experienced suspicious activity” on August 5 and took its systems offline as a precaution. It notified law enforcement and hired

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