Stockholders for Radian Group Inc., the parent company of Radian Guaranty Inc., Enhance Reinsurance Company, Asset Guaranty Insurance Company and ExpressClose.com, have given approval to an increase in the company’s number of authorized shares of common stock from 80 million …
Nearly one-third of Allstate’s 13,000-member exclusive agency force is now licensed to provide personal financial products and mutual funds. More than 4,300 Allstate exclusive agents have earned the “Personal Financial Representative” title after passing securities license exams and completing an …
A computer network that would link together the existing databases of U.S. state and federal banking, securities and insurance regulators in an effort to combat financial fraud could soon be a reality, much to the pleasure of industry associations. Legislation …
Navigators Management Company, a subsidiary of the Navigators Group Inc., announced the opening of its Midwest Regional Office, based in suburban Chicago. Initially focusing on marine insurance products including marine liability and cargo, the Midwest Regional Office will handle the …
The Missouri Department of Insurance is supporting angry homeowners over a dispute with a number of insurance companies regarding replacing home siding which was damaged by hail during the state’s most damaging storm to date. According to a report in …
Claude Bébéar, AXA’s founder and head of its advisory board, and its current CEO, Henri de Castries, were freed yesterday after each posted a 2 million franc ($258,000) bond. The two business leaders remain under investigation, however, in connection with …
Australia’s AMP confirmed ongoing rumors that it would sell its general insurance business by closing a deal the Queensland-based insurance and financial group Suncorp Metway Ltd., which agreed to buy all its holding for A1.4 billion ($733 million) in cash …
The Independent Insurance Agents Association of New York endorsed amendments to the Commercial Insurance Deregulation Bill (S1810) proposed by State Senator James Seward (R-Oneonta), designed to give added protection for clients purchasing deregulated commercial insurance policies. Seward’s Bill would require …
The New York Department of Insurance has unveiled a new electronic initiative to give the state’s insurers the ability to finish applications for temporary adjusters permits on-line, when coping with an emergency or disaster. The new program will provide insurance …
A unit of Old Republic International Corp. must pay the city of San Francisco $15 million in punitive damages to settle a suit that alleges the insurer defrauded homebuyers. According to a Reuters report, Judge Stuart Pollak ruled in favor …
