'Insurance Australia Group Profit Declines on Storms (Update4) (Bloomberg.com) Aug. 24 (Bloomberg) -- Insurance Australia Group Ltd., the nation's largest auto and home insurer, had its fifth consecutive decline in earnings on higher payouts for storms and narrowing profit margins. The company's shares headed for their biggest drop in almost five years.
'Lawmaker who sells insurance wants rates raised (Atlanta Journal-Constitution) Nearly 20 years after legislators changed state law because auto Insurance premiums were going through the roof, lawmakers are considering returning to a system that makes it easier for insurers to raise rates. The proposal, which would let companies raise rates without first getting state approval, is being sponsored by a lawmaker who sells auto Insurance. State Rep. Bill Hembree (R-Winston), an ...