The new year will force about a third of South Carolina’s drivers to dig deeper into their wallets to pay for auto insurance. A little-debated change in state law requires drivers to buy minimum liability coverage of $25,000 for a …
Montgomery, Ala. based Enstar Group and Bermuda’s Castlewood Holdings Limited jointly announced that Castlewood and Oceania Holdings Ltd, a wholly-owned subsidiary of Castlewood, have entered into a definitive agreement for the purchase of Inter-Ocean Holdings Ltd. for approximately $57 million. …
Romania and Bulgaria, two of Europe’s poorest countries, officially became members of the European Union on New Year’s Day, bringing the total to 27. Celebrations in Bucharest and Sofia greeted the two countries’ new status. The EU now numbers nearly …
An insurance agent will lose her license after state officials said she spent customers’ money on gambling and clothing instead of using it to pay their premiums. Investigators said Daneile Frydrych, owner of All Star Insurance in South Bend, spent …
Wisconsin Gov. Jim Doyle announced the appointment of Sean Dilweg as insurance commissioner as of Jan. 1. Dilweg replaces Jorge Gomez, who announced his resignation last month. Dilweg is currently the executive assistant at DOA. He will be replaced by …
Cape Girardeau County, Mo. government buildings have been insured against a terrorist attack, ensuring that taxpayers won’t be stuck with the cost of rebuilding. In approving purchase of the policy late last week, commissioners acknowledged that the likelihood of a …
In light of food poisoning outbreaks involving spinach and lettuce, the government and the produce industry are scrambling to make leafy greens safer before the spring planting season. New guidelines from the industry are due in April on how to …
Outgoing Attorney General Joseph Curran said he would be interested in temporarily heading the Injured Workers’ Insurance Fund while the agency’s board looks for a permanent president. Former state Sen. Thomas Bromwell, who has served as president and CEO of …
Marsh & McLennan Companies Inc., the nation’s largest insurance broker, has selected a buyer for its Putnam Investments mutual funds and investment management division, according to a report last Friday. Marsh & McLennan had reached an “agreement in principle” to …
MetLife Inc., the largest group life insurer in the nation, will pay $19 million and change some of its business practices to end an investigation of payments made to brokers to steer clients its way, Attorney General Eliot Spitzer said …
