Accounting giant KPMG was hit with a billion-dollar lawsuit Wednesday over claims its “grossly negligent audits” helped trigger the collapse of a top subprime mortgage lender at the start of the U.S. housing crisis. New Century Financial Corp, the largest …
The chairman of a U.S. House oversight panel said Wednesday he will soon call the chief executive of American International Group Inc. to testify, amid the committee’s ongoing probe of the fall of the insurance giant. Democratic Rep. Edolphus Towns, …
A legislative committee in Oklahoma has voted 6-2 for a 227-page bill to revamp the state’s civil justice system after the Senate’s top leader said it was needed to lure jobs and retain doctors. There was no debate in the …
Wendy Humphrey, vice president of the Honolulu Association of Insurance Professionals (HAIP) and regional production specialist for Western Risk Specialists Inc., recently won the National Association of Insurance Women (NAIW) Region VIII CWC – Communication Speak-Off Competition during the Annual …
Jim Harwood, former assistant vice president over Agency Training at Farmers Insurance has been promoted to the position of vice president, University of Farmers. He will be responsible for the strategic direction and leadership of all agency and customer contact …
All members of the insurance community are invited to attend the Pennsylvania Surplus Lines Association’s Annual Membership Meeting, on April 8-9, 2009, at the Wyndham Gettysburg Hotel in Gettysburg, PA. Highlights include: Keynote Address by Vince Lombardi, Jr. – “How …
Channel Harvest Research and Insurance Journal have announced a major new study in the Independent Agency System, to be fielded in April, that will probe agents’ attitudes toward carrier relationships and the insurance companies they represent—with a special focus on …
Insurance Specialty Group LLC (ISG) has partnered with several homebuilding specialist firms and contractors in founding Home Builder Specialty Group (HSG). Available nationwide, Home Builder Specialty Group provides lending institutions and real estate investors a turn-key solution for unfinished single …
A big-hearted trucker known as “Granny” recently won Cincinnati, Ohio-based Great American Insurance Group’s 2009 Big Rig Giveaway and decided pay her luck forward to fellow truckers. Dianne Smith of Massillon, Ohio, was chosen at random during the recent Mid-America …
U.S. activist investors are seeking to oust board members at beleaguered banks whom they blame for helping cause the companies’ financial woes, setting the stage for drama at upcoming annual shareholder meetings. With their stock prices decimated over the past …
