The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. The law placed responsibility for insurance regulation with the states and has permitted insurers to employ joint …
Most people hear the word asbestos and think of home insulation, deteriorating ceiling tiles, or scuffed flooring. Few realize the soil in their yard, school athletic field, or neighborhood park might be tainted with the mineral. The July 8 Science …
Contrary to popular belief, climate is not a good gauge for mold risk, according to a ranking of states at risk for mold contamination on commercial and residential property. Areas with dry climates such as Nevada and Arizona made American …
California agency approves change in auto insurance law A state administrative office approved changes to California’s insurance law, clearing the way for regulations that will force insurers to base premiums on drivers’ records instead of their address. The action should …
People Minneapolis, Minn.-based ING named Susan Anderson president and CEO of ING Trust USA. Anderson will lead the growth and development of personal trust and directed institutional trusts nationally. She has 15 years of multi-disciplined experience in financial and legal …
Washington state’s insurance commissioner fined four Geico Inc. insurance companies $120,000, alleging they used an unapproved scoring model to evaluate and offer personal auto coverage to consumers two years ago. Insurance Commissioner Mike Kreidler said the companies – Government Employees …
Three-fourths Of 553 global companies — of all sizes and world regions, including the Middle East — surveyed by The Conference Board have a detailed avian flu pandemic readiness plan in place or are in the process of developing a …
Homeowners in Arizona Nuts & Bolts: Abram Interstate Insurance Services Inc. in Rocklin, Calif. is offering homeowners coverage in Arizona. The program includes high risk properties, seasonal homes, brush areas, protection classes 1-10, older homes and homes with losses. High …
Explaining Seattle-based Safeco’s recent announcement that it would sell its products directly to consumers via the Internet, President and CEO Paul Rosput Reynolds said the company previously had been not “completely honest” about its sales distribution channels. “I felt very …
Actions and Proceedings Continental Insurance Co. v. The Pamona Redevelopment Agency (California Court of Appeals, May 15, 2006, Unpublished) Ruling: On this appeal, the excess insurer, Continental, sought to intervene in an action pending between the city of Pomona and …
