Colorado Gov. Bill Ownes has signed a bill changing insurer rate filings for workers’ comp, medical malpractice written by the joint underwriting association, and credit insurance from prior approval to file and use. It also eliminates prior approval for a …
A letter was recently sent to House Commerce Committee Chairman Tom Bliley (R-Va.) outlining IIAA’s and NAIFA’s concerns with e-signature legislation pending before a House-Senate conference committee. Bliley is chairing this conference committee. The group’s problem lies in the area …
Employeematters, based in Stamford, Conn., is offering a new employee administration service for small- and medium-sized businesses through its real-time platform. HR functions, including payroll, insurance, health benefits, retirement plans and HR compliance, can be easily administered through its web …
A class actions suit has been filed in the U.S. District Court for the southern district of Indiana on behalf of all purchasers of the 8.7 percent Trust Originated Preferred Securities publicly traded securities of Conseco Inc. and Conseco Financial …
The Department of Transportation has proposed new rest requirements for truck drivers in an effort to reduce the number of accidents caused by exhaustion. The American Trucking Association opposes the new rules, saying such a change would require thousands of …
New Jersey chemical company Cytec Industries has received a $9.5 million payout from its insurance carriers, settling a long-running pollution coverage lawsuit. The names of the Cytec insurers that made the payouts were not disclosed. The lawsuit was filed by …
After nearly a month of negotiations, Sun Life & Provincial Holdings says that no progress had been reached on buyout terms with its majority shareholder, AXA. Following the acquisition of Guardian Royal Exchange, AXA’s share in SLPH was reduced to …
AGF, the French subsidiary of Germany’s Allianz, announced it was offering an innovative new product to give individuals the opportunity to buy a policy “Garantie des Accidents de la Vie.” The policy would cover all non-work related activities, and would …
CGU, the U.K.’s largest insurer, has agreed to establish an investment fund in partnership with the venture capital firm Quester Group. CGU will provide the funds, up to £20 million ($32 million) initially, to look for and invest in e-commerce …
The Euro hit new lows against the dollar and the Yen on Tuesday, falling to $.9248, as the European Central Bank showed no inclination to take any new measures to support the common currency. It is generally assumed that there …
