Quackenbush Saga Continues; Commissioner Subpoenaed A day after Quackenbush walked out of a California Senate Insurance Committee hearing, refusing to answer questions in what he and his attorney deemed a “political ambush,” the Senate Rules Committee voted to subpoena the …
A San Francisco Circuit Court of Appeals has reinstated a lawsuit brought by a Holocaust victim’s grandchildren accusing a German insurer of failing to honor a life insurance policy issued before the man’s death. Earlier this year, a Los Angeles …
Congressional negotiators on Wednesday agreed on a $15 billion farm assistance package that would cut the cost of crop insurance and compensate growers for a third consecutive year of low commodity prices. The package also includes $5.5 billion in direct …
Aetna Inc. will sell group life insurance over the Internet, eliminating paperwork for employers and giving employees a range of options, including applying for additional life coverage or changing their beneficiary. The company’s web-based Choose Life product is part of …
GEICO Insurance Co. has teamed with Manhattan-based CarroSELL, unveiling a new advertising campaign on airport baggage carrousels in New York, Dallas/Fort Worth and Honolulu. CarroSELL pioneered the medium last year and owns exclusive patents. At the present time, baggage carousels …
Last October Lloyd’s produced a working document entitled “Developing Broker Relationships,” which proposed sweeping changes in the accreditation and regulation of Lloyd’s brokers. Now the results of that study have been announced, and major changes will be in place as …
Following its agreement to acquire ReliaStar, Holland’s financial services giant, ING, has announced plans to launch an Internet site in the U.S. to sell life insurance products on-line. ING has already set up ING Direct Bank in Europe and Canada, …
XTML, an Internet solutions provider, announced that it has made arrangements with U.K. insurer Independent Insurance to offer a policy covering damages caused by Internet viruses, including e-mail originated viruses like “the love bug,” which caused extensive damage to computer …
The House vote on Wednesday in favor of Permanent Normal Trade Relations (PNTR) with China was widely praised by insurance industry leaders and the heads of companies in other sectors affected by the new trade terms, which will go into …
It may look like Swahili, but the New Jersey Department of Banking and Insurance’s web site name change is simple compared to the old one. The department’s previous address, http://www.naic.org/nj/NJHOMEPG.HTML, has been simplified to http://www.NJDOBI.org. “This change will allow consumers …
