The current insurance regulatory structure inhibits innovation and actually perpetuates commoditization of insurance products to the detriment of consumers, according to Joseph J. Beneducci, president and chief operating officer of Fireman’s Fund Insurance Company, who called for an optional federal …
The Ohio Insurance Department this week said that about 25,000 minorities in North Carolina could be eligible for benefits as a result of a settlement with Western and Southern Life Insurance Co. An investigation led by Ohio insurance regulators and …
School insurance policies in Ohio that used to cover the basics, workers’ compensation for staff, liability insurance for jungle gym accidents, now also cover catastrophes such as terrorist attacks or school shootings, insurers and school officials say. Districts noticed events …
The Missouri Insurance Department will have more information and control over medical malpractice insurance rates under legislation Gov. Matt Blunt signed Monday. The bill gives the state insurance director authority to veto medical malpractice rates that are excessive, inadequate or …
The Council of Insurance Agents & Brokers praised Congress for addressing insurance market reform and said there is still time this session to enact some easy, achievable changes that could have a major impact on the marketplace. In testimony before …
Hub International Limited has acquired life insurance portfolio from Standard International Underwriters Ltd. Details of the purchase by the Toronto-based Hub Financial Inc.were not disclosed. Both HUB Financial and SIU are managing general agencies operating in all provinces of Canada. …
Thomas G. Merrill, 70, of Panama City, Fla. has been sentenced to life in prison for multiple charges of wire fraud, health care fraud and distribution of controlled substances according to Attorney General Charlie Crist. Merrill was convicted by a …
Integro announced that Chuck Blazina has joined the company’s San Francisco office as a principal in the Property Practice. Blazina has 17 years of experience in property risk and loss control consulting, most recently serving as vice president for HRH. …
Alexander Morford & Woo Inc., Redmond, Wash., has appointed Michelle Dyck assistant vice president. She will be the professional liability team leader and broker. Previously, Dyck was a broker with the company.
Just over a month after he asked insurance companies in his state to voluntarily do so, Louisiana Commissioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana extend the period in which a policyholder …
