The Montana Captive Insurance Association Inc. appointed Steve Matthews as captive insurance coordinator for the Montana State Auditor’s (SAO) office. Matthews will also retain his duties as the SAO’s chief financial examiner for both captive and traditional insurers.” Prior to …
The state Senate approved the bill giving the insurance commissioner more authority over individual health insurance policies. The measure is also expected to pass the House. Insurance Commissioner Mike Kreidler requested the legislation to help him decide whether rate increases …
Universal North America, a personal lines carrier based in Sarasota, Fla., will begin writing homeowner policies in Arizona and Nevada this month. Other personal lines products, such as auto and umbrella coverages, will become available soon. Expansion into Hawaii, Georgia …
A group of insurers says it hopes U.S. lawmakers will continue to focus on the need for affordable property insurance, an optional federal charter for the insurance regulatory system in America, and comprehensive flood insurance reform in 2008. “2008 is …
For excess and surplus lines brokers, identifying available insurance markets not sought by the standard market may be the key to surviving and thriving in the soft market. The answer to growth in a soft market is simple, says Alan …
Connecticut Attorney Richard Blumenthal has released a report saying the Nutmeg State “badly botched” an $80 million deal to privatize payments of more than 600 state workers’ compensation claims — overpaying the contractor that set the deal up and failing …
Stephen Six is taking over as the new Kansas attorney general. Six replaces Paul Morrison, who’s leaving office because of a sex scandal. The 42-year-old Douglas County judge took the oath of office at 10 a.m., Thursday, Jan. 31st in …
A federal appeals court panel has upheld a lower court’s decision ordering the U.S. Forest Service and a snowmobiler to pay nearly $10.2 million to a Michigan man who suffered severe brain injuries when he was struck by a snowmobile …
New York State agents and insurers praised the passage late last month of a key workers compensation reform that will extend the rate-making authority of the New York Compensation Insurance Rating Board, and move the system to a loss cost …
The Baloise Group and Gothaer Versicherungsbank VVaG are negotiating about a strategic partnership and a merger of their German insurance activities. A letter of intent has been signed, the companeis said. Both companies are currently conducting due diligence. The outcome …
