Oklahoma Insurance Commissioner Kim Holland announced the largest fine of an insurance company in state history – $400,000 – against eleven AIG insurance companies doing business in the state. The companies were hit with the fine because of inaccurate reporting …
How much would you donate to see me shave my head bald to find cures for childhood cancer?” That question is the essence of St. Baldrick — and the commitment of the Indianapolis-based National Association of Mutual Insurance Companies’ (NAMIC) …
Maryland has decided not to require home insurers to cover all areas of the state, even coastal areas. The state Senate was considering a bill to require the insurance after state’s second-largest home insurer — Allstate Corp.’s Allstate Insurance Co. …
Veteran Chicago financial services executive Michael Fisher has been appointed director of new market development by Country Insurance & Financial Services and will manage its newly created Chicago district office. Fisher’s hiring as director of new market development accelerates the …
The board that oversees Massachusetts’ landmark health insurance law voted this week to delay key elements of the plan by a year and a half to give residents and businesses a chance to ramp up their health care coverage to …
A Chicago woman sued Menu Foods this week, alleging the pet food manufacturer delayed announcing a recall of 60 million containers of dog and cat food despite knowing its products were contaminated and potentially deadly. Dawn Majerczyk, 43, said her …
Standard & Poor’s Ratings Services has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Germany’s insurer ARAG Allgemeine Rechtsschutz-Versicherungs AG (ARAG RS) with a stable outlook. “The ratings on ARAG RS reflect the ARAG group’s good …
In an address to the UK’s Financial Services Authority (FSA) at its Annual Insurance Sector Conference (AISC), Willis Chairman and CEO Joe Plumeri strongly embraced the financial regulator’s announcement that it would implement a more “principles-based” approach to general insurance …
The Association of British Insurers joined Willis CEO Joe Plumeri (See related article) in lauding the Financial Services Authority’s (FSA) commitment to revise the rules for selling general insurance towards a more principles-based approach (See IJ web site March 21). …
Today has been proclaimed “International Water Day,” and Swiss Re announced that will honor the occasion with a CHF 1 million ($825,000) donation to the International Committee of the Red Cross (ICRC) for a project in North-Western Nepal, which aims …
