Declarations “The insurance companies that wrote credit default swaps were happy not to be regulated.” — Comments by Allstate Chief Executive Tom Wilson in a New York Times op-ed column that claimed his company “played only a small role in …
A year-long investigation by the Maryland Insurance Administration has found that 67 of the state’s 119 car insurers underpaid claims, Commissioner Ralph S. Tyler said. State regulators have fined the companies a collective $235,000 and ordered an additional $442,590 in …
Column as You See ‘Em “The insurance companies that wrote credit default swaps were happy not to be regulated.” —Comments by Allstate Chief Executive Tom Wilson in a New York Times op-ed column that claimed his company “played only a …
The 2009 Atlantic hurricane season will produce 11 tropical storms, of which six will become hurricanes, WSI Corp predicts. The Andover, Massachusetts, private forecaster reduced its forecast from the one it issued in December, when it said the six-month season …
The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors approved a comprehensive update to the State Insurance Fund’s investment policy statement (IPS). The new IPS will provide further diversification within both fixed income and equity investments. “Sound, safe investments …
Joe Hofmeister, a 2004 Nebraska Wesleyan graduate, has joined the Nebraska Department of Insurance Examination Division. He will be responsible for performing pre-need examinations throughout the state. He also will assist with the financial analysis of Nebraska domestic insurance companies.
The Nebraska Department of Insurance Market Conduct Division has responded to several situations recently that involve insurance producers engaging in fraudulent, dishonest practices, and demonstrating financial irresponsibility in their conduct of insurance business. Several situations revealed that the insurers placing …
American International Group Inc is near a deal to sell its Japanese headquarters for about $1 billion in what would be one of its largest asset sales since a September rescue, a source familiar with the matter said Monday. A …
With the addition of Saul Landesberg as regional vice president, BWD Group LLC opened a Florida office of its insurance and risk management brokerage operation. Landesberg, a long time resident of the Tampa area, will build a team of insurance …
Mercury General reported net income in the first quarter 2009 was $96.7 million compared with net loss of $4 million for the same period in 2008. Included in net income are net realized investment gains, net of tax, of $50.7 …
