Georgia’s insurance commissioner has revoked the license of a life insurance company, banning it from selling policies in the state. It’s the first time John Oxendine has barred an insurer from the state since he took office in 1995. Trans …
The Roman Catholic Diocese of Springfield, Massachusetts, has reached an $8.5 million settlement with insurance companies to pay claims filed by people who were sexually abused by priests. Mark Dupont, a spokesman for the diocese, said $3.5 million will be …
Dying of cancer, Thomas Amschwand did everything he was told to make sure his wife would collect on the life insurance policy he had through his employer. “He was obsessed with dotting every ‘i’ and crossing every ‘t’,” Texas native …
Ariel Holdings Ltd., a closely held Bermuda-based reinsurer, has seen strong growth and a rapid rise in profits since it was formed in late 2005, but thornier market conditions are now driving it to look for alternative ways to boost …
New York Insurance Superintendent Eric Dinallo is enlisting experts to examine the possibility of reviving the New York Insurance Exchange, which was seen as the U.S. equivalent of the Lloyd’s of London market when it was founded to great fanfare …
Given that the industry is being squeezed to maximum capacity by unprecedented demand and rising equipment, commodities and labour costs, under-insurance could prove disastrous for power companies when the time comes to make a claim. This is one of the …
Basking Ridge, N.J.-based information company Hooper Holmes reports it has sold Claims Evaluation Division (CED), a unit providing independent medical exams primarily for automobile and workers’ compensation insurance carriers for use in evaluating claims. The company said the sale was …
A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law. …
As an agent, buying insurance leads is something to consider now, not later. With so much competition in the industry, if you do not purchase leads you may find yourself at the back of the pack sooner rather than later. …
The Texas Supreme Court has ruled that the descendents of a man who was found hanged with a telephone cord in a jail cell have no standing to recover damages from the contractor that supplied the telephone. In JCW Electronics …
