Although portions of the state are still mired in more than a foot of snow, Maine’s insurance superintendent is urging residents to evaluate their need for flood insurance — especially with spring approaching and a typical 30-day waiting period before …
Worcester, Massachusetts-based insurer The Hanover Insurance Group has named Keith A. Powers as regional vice president, Commercial Lines, for the company’s Connecticut market. Powers, who will work out of the company’s Glastonbury, Connecticut office, will be responsible for all facets …
American International Group Inc., which is trying to dispose of assets to pay back the U.S. government after a bailout last year, will rethink its sales strategy if tough market conditions keep it from getting a good price for its …
American International Group Inc.’s asset management business has attracted corporate and private equity buyers with initial bids coming in around $500 million, sources familiar with the matter said. The asset management business being sold rests within AIG Investments, which had …
Three potential bidders remain interested in the sale of a large stake in American International Group’s $20 billion Asian life insurance unit, people close to the matter said on Wednesday, as the auction heads into its final week. But hopes …
A lawyer for former North Dakota workers compensation director Sandy Blunt says his client should not get jail time for his felony conviction. A jury convicted Blunt last December of misspending more than $10,000 in public money while he was …
The Nebraska Supreme Court has ordered a judge to put a new trial on hold in a multimillion-dollar insurance dispute and follow the high court’s ruling from last summer. Last June, the Supreme Court threw out the nearly $4.7 million …
The damage estimate from last week’s tornadoes is now more than $35 million based on new observations in southwest Georgia by the state insurance commissioner. Commissioner John Oxendine said after a tour that at least $10 million in damage occurred …
Legislative efforts to freeze big insurance rate increases for coastal homeowners risk making policies less available and more costly for all state residents, North Carolina’s new insurance commissioner said. Such measures would hold off increased surcharges of up to 25 …
A comprehensive lawsuit reform package seeking to reduce the number of frivolous lawsuits in Oklahoma passed House Committee and now moves to the full House of Representatives. The legislation includes a full slate of lawsuit reform similar to a bill …
