The Treasury Department on June 30 released a long-awaited report on the Terrorism Risk Insurance Act of 2002 that concludes the act should not be renewed by Congress in its current form. The report finds that TRIA has achieved its …
The American Insurance Association has called on Louisiana Gov. Kathleen Blanco (D) to veto House Bill 509, which would prohibit insurers from adequately pricing personal auto, motorcycle and liability insurance coverage for persons convicted of violating Louisiana law requiring the …
A chemistry teacher in Houston who was months behind on her car payments gave passing grades to two failing students after asking them to steal her Chevrolet Malibu and burn it so she could collect on its insurance, authorities alleged. …
New York State Insurance Superintendent Howard Mills has named Joseph Risi as Deputy Superintendent of Insurance effective immediately. Mills said Risi will coordinate various department management initiatives and work directly with him. Risi is the Founder of Risi & Associates, …
The Oklahoma Department of Labor reported that its legal interpretation of recently passed Certificate of Non-Coverage (CNC)legislation is that CNC cards remain in effect until the expiration date printed on the cards. The legislation repeals the CNC program effective July …
Louisiana lawmakers should be commended for adjustments they have made in the rating formulas used to calculate rates for the state’s residual markets, according to an official of the National Association of Mutual Insurance Companies. State Affairs Manager David Reddick …
Integro Ltd. announced that Craig S. Lowenthal has joined the company as managing director and chief information officer. Based in the company’s New York headquarters, Lowenthal will be responsible for the applications, infrastructure, telecommunications and technology. Lowenthal has been a …
The Major Indoor Soccer League has sued the company that operated the now-defunct Harrisburg (Pennsylvania) Heat franchise for $192,000 in dues, workers’ compensation insurance payments and other costs. The federal breach-of-contract lawsuit filed against Susquehanna Soccer Inc., JoRo Soccer Inc. …
Two former executives of a failed malpractice insurer were sentenced in federal court this week as part of an ongoing fraud investigation that has helped expose troubling practices in the industry. Kenneth R. Patterson, former president of Reciprocal of America, …
American International Group Inc.said first-quarter earnings were 20 percent higher than a year ago, which was a stronger performance than analysts had expected. The New York-based insurer, which is under investigation by state and federal regulators over accounting issues, had …
