Changes in federal crop insurance regulations will prevent farmers in the region from collecting two full losses for crops planted on the same ground in a single crop year, a federal agriculture official said. The changes put in place for …
According to the National Association of Unclaimed Property Administrators, a 15-minute segment related to unclaimed property programs nationwide will air on the April 9 edition of Dateline NBC. Florida’s Department of Financial Services’ Bureau of Unclaimed Property is reportedly currently …
Global brokerage Willis Group Holdings announced that it has received approval from the China Insurance Regulatory Commission to complete the purchase of a 50 percent equity stake in Shanghai Pudong Insurance Brokers Ltd., a leading Chinese brokerage licensed to transact …
Oklahoma state Senator Mike Morgan, D-Stillwater, and state Representative Jari Askins, D-Duncan, announced a schedule for four issue-oriented hearings on tort reform. Morgan and Askins co-chair a special 23-member joint House-Senate committee that will examine the state’s civil justice system. …
The Arkansas Insurance Department issued a bulletin explaining compliance requirements of all property insurers licensed to do business in the state with Act 1345 of 2003, also known as the “Fire Loss Reporting Act of 2003” (“Act”), codified as Arkansas …
Fitch Ratings has downgraded Winterthur Swiss Insurance Company’s Insurer Financial Strength (IFS) rating to ‘A+’ from ‘AA’ and Long-term rating to ‘A’ from ‘AA-‘. The IFS rating for Winterthur Life, a wholly owned subsidiary of Winterthur Swiss Insurance Company, has …
FINEOS Corporation, a provider of banking and insurance software, is to extend its FINEOS Claims Manager product into public sector claims management. The product already serves clients in property & casualty (P/C) insurance as well as group risk lines of …
Rent-A-Wreck of America (RAWA) has retained Hilb Rogal & Hobbs Company, an insurance and risk management intermediary, to manage RAWA’s captive insurance company. Together with AIG, Hilb Rogal & Hobbs offer Rent-A-Wreck franchisees a complete portfolio of insurance products. Rent-A-Wreck …
Maryland Insurance Commissioner Alfred W. Redmer, Jr. has initiated a corporate governance oversight program for insurance companies that are incorporated in Maryland. The purpose of the program is to assure that board members are aware of their fiduciary responsibilities and …
Governor John E. Baldacci has signed into law legislation to restructure the Maine Workers’ Compensation Board. The goal of the restructuring is to end the gridlock that has increasingly frustrated the board’s ability to carry out its statutory responsibilities. The …
