Travelers launched a new automated system that allows agents to rate, quote and issue policies electronically and more efficiently for agribusiness insurance. The new interface — Travelers Agribusiness System (TAgS) — will be helpful to agents that sell agribusiness insurance, …
A resolution urging the federal government to amend regulations banning the sale of youth all-terrain vehicles and motorcycles has been passed by the Oklahoma House of Representatives. House Resolution 1024, by state Reps. Ken Luttrell and Rex Duncan, urges the …
Kansas City, Mo.-based wholesale insurance broker Westrope announced that Christopher Morris has joined the Westrope Southwest Team in Dallas. Morris, who joins Westrope as a vice president in Casualty, produced and managed specialized risk management accounts with Aon Risk Services …
The Connecticut Insurance Department has ordered Boston-based Liberty Mutual Insurance Cos. to pay nearly $930,000 in fines and restitution for overcharging thousands of customers, settling claims incorrectly and violating state laws in the appointment and licensing of agents. The total …
A money manager accused of trying to fake his death in a plane crash took another financial hit when an Indiana judge ordered him to pay nearly $600,000 in restitution and fines. Under the administrative law judge’s order, Marcus Schrenker …
Credit default swaps (CDS’s) total $58 trillion in notional value (face value) worldwide and are regulated by…no one; this according to September 23, 2008, testimony given before congress by Christopher Cox, US Securities and Exchange Commission chairman. Cox stated that …
Fireman’s Fund Insurance Co. has launched a new line of ‘green’ insurance products for New York homeowners — a product the company says is a first for the Empire State. The policy includes a 5 percent discount for owners of …
A group of insurance agents asked a federal appeals court on Monday to revive an age discrimination lawsuit over the Allstate Insurance Co.’s decision to switch thousands of them from employees to independent contractors. In oral arguments, a three-judge panel …
The Georgia Supreme Court has affirmed sovereign immunity and thrown out a $5.1 million jury award to the family of a man killed while performing community service in DeKalb County. Vincent Currid died in October 1999 from injuries sustained after …
A Wake County judge has ordered new North Carolina Insurance Commissioner Wayne Goodwin to reconsider deductible and surcharge increases for coastal homeowners in the state insurance pool called the Beach Plan. Wake County Superior Judge William Pittman ruled Friday that …
