Auto Club Insurance Association, a Dearborn, Michigan-based insurer, reported it has agreed to acquire MEEMIC Insurance Co. and its insurance agency affiliate, MEEMIC Insurance Services Corp. ACIA is the second largest provider of auto insurance in Michigan based on net …
The securities lending unit of American International Group Inc. was being successfully wound down and had manageable losses if not for the firm’s massive credit default swap exposure, New York Insurance Superintendent Eric Dinallo said Thursday. Dinallo told lawmakers that …
Concerned about dwindling confidence in the impartiality of judges, the Supreme Court leaned this toward forcing elected judges to step aside from cases that would raise an appearance of bias if they took part. “Our whole system is designed to …
New Hampshire’s House is considering doubling small claims court limits to $10,000. The bill would require mediation in cases where claims exceed $5,000. Supporters said raising the damages limit will allow people who can’t afford a lawyer to represent themselves …
The police chief in North Charleston, South Carolina says a new camera system that can check license plates in an instant is so good at finding stolen cars and tags, he wants to set up a camera in high crime …
A bailout of troubled CL Financial Ltd. by Trinidad and Tobago’s central bank has been having ripple effects across the Caribbean, where regulators are liquidating the sprawling firm’s insurance subsidiaries to protect depositors. The Trinidad-based conglomerate, weakened by bad real …
Gulfport, Mississippi Mayor Brent Warr, who is under indictment on several counts of fraud, will not run for re-election. Warr made the announcement this week in a videotaped message released by his office. Warr and his wife, Laura, are accused …
A federal judge has rejected a bid to dismiss one of three remaining claims brought by AIG in a court battle against Starr International Co., a company controlled by former AIG Chief Executive Maurice “Hank” Greenberg, over rightful ownership of …
Standard & Poor’s Ratings Services has said that its “ratings and outlook on Germany-based global reinsurer Munich Reinsurance Co. (AA-/Stable/–) and core related entities (collectively Munich Re) are unaffected by Munich Re’s withdrawal of its 2010 earnings target” [See IJ …
Swiss Re announced that following Kaspar Villiger’s nomination for election as Chairman of the UBS Board of Directors he will resign as a member of Swiss Re’s Board of Directors with effect from from March 13, 2009, the day of …
