The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has released its summary of the second quarter insurer results, which ended June 30, 2008. The report lists the following statistics: -California written premium (gross of deductible credits) for the first …
The Keating Group (tKg), a new England excess and surplus lines wholesaler, has named Todd S. Pollock as president of tKg Comp, its newly formed workers’ compensation division. Pollock began his career in 1995 with EBI Companies as a sales …
Texas Insurance Commissioner Mike Geeslin told lawmakers at a hearing on Sept. 24 that compared with previous years, property/casualty insurance companies’ loss ratios will likely be worse “for this calendar year and the first three quarters of 2009,” due to …
A lawmaker and Democratic candidate for North Dakota insurance commissioner says a commissioner should not be focusing on another job in the industry while holding office. Rep. Jasper Schneider, D-Fargo, is proposing to bar any state insurance commissioner who resigns …
New York State Insurance Superintendent Eric Dinallo, who heads a national panel of state regulators overseeing possible sales of assets by American International Group (AIG), has asked an investment advisory firm to help out. Centerview Partners will advise the insurance …
Illinois residents and businesses in the St. Louis metropolitan area will not yet be forced to pay more for flood insurance than counterparts on the Missouri side of the Mississippi River, the Federal Emergency Management Agency decided. FEMA’s decision means …
Former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg intends to sell some AIG stock, according to a regulatory filing Thursday. Greenberg, who ran AIG for nearly four decades, said he will sell stock in the open market, …
A lawsuit brought by a Wisconsin couple who accused a bank of deceptive lending practices and wanted to cancel their home loan has been stripped of class-action status in a victory for U.S. banks. In a 2-to-1 decision, a panel …
U.S. congressional leaders will try again on Friday to save a $700 billion Wall Street rescue plan after talks broke down in acrimony against the backdrop of the nation’s biggest-ever bank failure. As negotiations over the White House’s unprecedented bailout …
Conservative Republicans in the U.S. House have offered an alternative to a $700 billion government bailout of Wall Street that they say would rely on private capital markets, rather than taxpayers, to free up frozen credit markets. Other lawmakers have …
