Switzerland’s financial community has seen some major upheavals lately. The latest major change came with the announcement that Peter Forstmoser, Chairman of the Board of Directors of Swiss Re, has decided to resign from the Board, effective May 1. Swiss …
Brit Insurance, a diversified UK-based insurer posted lower profits for 2008, but still managed a respectable £89.2 million ($125 million), compared to £191.2 million ($267 million) in 2007. The Company’s earnings bulletin also announced that it is considering moving its …
South Carolina legislators considering restricting lawsuits against companies were told that fewer lawsuits are being filed since a 2005 state law limited costs for doctors. A company managing an insurance system for half the state’s doctors told a state Senate …
The bank accounts of a Grand Island insurance agency under investigation for an alleged Ponzi scheme and the accounts of a related company have been frozen. An attorney representing First Americans Insurance Service in its bankruptcy says First Nations Compensation …
U.S. lawmakers blasted state and federal regulators for dodging blame and keeping secrets after the failure of insurance giant American International Group Inc., which now has access to more than $170 billion in taxpayer money. Calling AIG “the greatest corporate …
Former North Dakota Highway Patrol superintendent Bryan Klipfel has been named the state’s new workers compensation director. Gov. John Hoeven announced Friday that he’s chosen Klipfel for the job. Klipfel starts March 16. It’s the governor’s first hire since North …
Where, oh where, did AIG’s bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published. The Wall Street Journal reported on Friday …
State Farm Florida on Friday appealed stipulations that Insurance Commissioner Kevin McCarty has put on its plan to withdraw from the state’s property insurance market. Florida’s second largest insurer of homes and other property filed an administrative appeal that argues …
“Western Pinnacle Insurance Services, Inc (“WPIS”), a diversified MGA/Wholesaler announced today the addition of a new AM Best A rated carrier for its workers compensation capabilities. Virgil Anderson, CEO of WPIS said, “This new company rounds out our resources to …
A Supreme Court ruling this week that federal approval of a drug is no protection from lawsuits in state courts could make drugmakers more cautious about safety issues and may lead them to halt development of some medicines and even …
