New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills on Tuesday announced that the Insurance Department would appoint a consultant to audit years of alleged improper booking of workers’ compensation premiums at American International Group (AIG). The practice …
The Independent Insurance Agents & Brokers of America (the Big “I”) and its political action committee, InsurPac, honored two individuals and two state-level associations for their fundraising efforts in 2004. The presentations occurred during the 29th annual Big “I” National …
Texas-based American National Insurance Company reported first quarter 2005 net income of $90,863,000 ($3.43 per share) compared to $64,704,000 ($2.44 per share) for the same period in 2004, a 40.4% increase. After tax net gain from operations for the first …
Atlanta-based AssuranceAmerica Corp. announced its Managing General Agency (MGA) was approved to write auto coverages in Florida and is now actively putting Florida auto insurance policies on its books. In announcing its MGA’s entrance into Florida, Lawrence (Bud) Stumbaugh, president …
As the Florida Legislature moves into its final two weeks, one of the key issues still under consideration is a legislative remedy for a 2004 Florida court decision requiring insurers to pay policy limits for homes with both wind and …
Michigan’s Office of Financial and Insurance Services overstepped its authority in issuing rules that prohibited the use of credit-based insurance scores, according to a Michigan Circuit Court judge. In the case of the Insurance Institute of Michigan, et al v. …
Ohio-based State Auto Financial Corporation reported record quarterly net income of $40.8 million or $1.00 per diluted share, versus $32.4 million or $0.80 per diluted share for the first quarter of 2004. Net operating earnings(a) per diluted share were also …
A study by a Michigan State University epidemiologist finds that very few Americans are doing all they can to maintain a healthy life, a situation he said could have dire consequences if it doesn’t change. The research of Mathew Reeves, …
Potential storm surge impacts in the Tampa Bay region based on different factors associated with storms have been mathematically modeled by two University of South Florida College of Marine Science physical oceanographers. USF College of Marine Science physical oceanographer Robert …
A state legislator wants to add Pennsylvania to the list of states that protect the food industry from lawsuits in which people blame restaurants and other food vendors for making them fat. Rep. Douglas Reichley, R-Lehigh, said he introduced his …
