The Connecticut Supreme Court has declined to rule on a Florida agency’s efforts to block state Attorney General Richard Blumenthal from disclosing information he obtained while investigating the insurance industry. The lawsuit by Brown & Brown Insurance Inc., which is …
The National Association of Mutual Insurance Companies (NAMIC) named Sen. Susan M. Collins, R-Maine, as its Federal Legislator of the Year. In presenting Collins with the award, Chuck Chamness, NAMIC’s president/CEO, pointed to Collins’ efforts to extend the government’s terrorism …
American International Group Inc. should have a list of assets it wants to sell by next week, its new chief executive said Monday, as the company prepares to split itself up to repay an emergency bailout loan. The New York-based …
University of North Texas Associate Professor Risk Management & Insurance Brenda Wells announced that one of her students, UNT senior Rachel Somerford, has received the national J.H. Blades Scholarship from the National Association of Professional Surplus Lines Organizations (NAPSLO). Each …
Grilled by veteran newscaster Tom Brokaw on MSNBC’s “Meet the Press” on Sept. 21, 2008, U.S. Treasury Secretary Henry M. Paulson Jr. said before the government stepped in with an “$85 billion funding facility” to rescue insurance giant American Insurance …
Despite assurance from state regulators that the insurance subsidiaries of American International Group (AIG) are financially sound, insurance producers are moving accounts from AIG. A survey by Insurance Journal of 1,000 insurance producers including 782 who say they have accounts …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “a” of the non-operating holding company, the UK-based AVIVA plc, and the financial strength rating (FSR) of ‘A+’ (Superior) and ICRs of “aa-” of its rated subsidiaries. Best also …
Extreme risk modeling firm, EQECAT Inc., and catastrophe risk experts, Risk Management Solutions (RMS), have revised their estimates of insured losses from Hurricane Ike, which hit Galveston, Texas, on Sept. 13. EQECAT has narrowed its estimated onshore insured losses to …
Maryland’s IWIF Workers’ Compensation Insurance recently formed a strategic business team to support its public entity and direct business, which includes approximately 7,400 accounts. The 22-member strategic business team will service municipalities, counties, volunteer fire departments, housing authorities, various affiliated …
The chairman of Louisiana’s Senate Insurance Committee says he will ask companies to use the percentage deductible for named storms only once for homes or businesses hit by both hurricanes this year. Senator Don Cravis, a Democrat from Opelousas, says …
