Reforms to the Texas insurance regulatory system put in place by Senate Bill 14 in 2003 are under attack by a coalition of state lawmakers who have filed bills to, among other things, return the rate setting process for personal …
President Barack Obama told Treasury Secretary Timothy Geithner to take all legal measures to block hefty bonuses awarded to employees of AIG , the insurance company that received up to $180 billion in bailout money, a White House adviser said …
The commercial lines insurance market showed more signs of price stabilization in the last quarter of 2008. Commercial insurance prices saw just a slight decline of 3 percent during the fourth quarter of 2008 compared to the same quarter a …
A bill introduced into the Oklahoma State Senate that provides tax credits for victims of the Feb. 10, 2009, storms that destroyed dozens of homes and businesses and caused multiple fatalities is now headed to the House of Representatives. Sen. …
A federal judge in New Orleans has dismissed some claims in a lawsuit filed by a former Louisiana Attorney General Charles Foti against dozens of insurance companies over payments to policyholders receiving funds from the state’s Road Home homeowner grant …
Ohio’s Feb. 11-12 windstorm caused at least $88.9 million in damages, based on preliminary insured loss estimates from the Ohio Insurance Institute (OII), an insurance industry trade group. Widespread losses were reported by a number of Ohio insurers. Unseasonably warm …
California Insurance Commissioner Steve Poizner warned state insurance regulators to be engaged in opposing national attempts to weaken the current state-by-state insurance oversight, speaking at the National Association of Insurance Commissioners (NAIC) Spring 2009 National Meeting in San Diego. “We …
The Reuters article does basically explain that AIG made payments to Goldman Sachs and “foreign” banks, but it becomes a bit confusing as to why those payments were made. It also muddies the waters with a lot of unrelated comments …
Tony Laska has joined workers’ compensation insurer BrickStreet Mutual Insurance Co. as its senior vice president and chief information officer. Laska comes to West Virginia from the Chicago area, where he had been assistant vice president for Allstate Insurance Co. …
Brotherhood Mutual Insurance Co. in Fort Wayne, Indiana announced several changes to its board of directors including naming Mark Robison, president and CEO, as named chairman of the board. James Blum, who retired from his role as company president in …
