Federal Reserve Chairman Alan Greenspan on Thursday told Members of Congress he has yet to be convinced the private market alone can adequately insure against the continuing threat of terrorism. In an appearance before the House Financial Services Committee, Greenspan …
The OHIC Insurance Co. posted a profit of more than $5 million in 2004, representing a financial turnaround of more than $29 million from 2003 when it lost more than $24 million. OHIC also raised its surplus to $63 million …
Trusted Choice advertising will return to a television set near you next month when a two-week, nationwide ad flight airs, according to Ronald Smith, chairman of the consumer branding program’s Board of Directors. The advertising will run from March 14-27 …
Schinnerer is now offering an admitted property policy for all types of public entities through the Insurance Company of the West (ICW), an A.M. Best A- rated company. The policy features a specialized property enhancement for public entities which provides …
Two Texas consumer organizations—the Center for Economic Justice (CEJ) and Texas Watch—announced they are calling on Gov. Rick Perry to appoint a new insurance commissioner to replace José Montemayor who asked in January not to be reappointed to a new …
Ohio Attorney General Jim Petro announced this week that three of Ohio’s public retirement systems have been appointed lead plaintiff in a securities class action lawsuit against American International Group Inc. (AIG), that alleges AIG engaged in “bid-rigging” and other …
Houston-based HCC Insurance Holdings Inc. released results for the fourth quarter and full year ended Dec. 31, 2004, reporting increased earnings for both the quarter and the year. Net earnings for the fourth quarter 2004 increased to $56.2 million, or …
The proposal being considered by Wyoming lawmakers to create a medical review panel to help weed out frivolous medical malpractice lawsuits might do more harm than good, according to an official with a doctors’ trade association. The Wyoming Medical Society …
The SAIF Corp. needs more diversity in its work force and better systems for awarding contracts and handling public records, according to an initial report by the interim president of the state-owned workers’ compensation insurance company. Despite the shortcomings, Brenda …
ChoicePoint’s Clue Auto, Clue Property and Current Carrier insurance industry databases were not in any way involved or compromised by the fraud ring that obtained data from other ChoicePoint databases of public record information, according to Richard Collier, vice president …
