Denver-based Pinnacol Assurance is being honored by the Points of Light Institute with the 2009 Corporate Engagement Award of Excellence. The award recognizes a business’s overall employee/retiree volunteer effort. Pinnacol is being honored alongside Capital One, Deloitte LLP, Eli Lilly …
A nationwide health insurance exchange that includes a Medicare-like government option could save $1.8 trillion more than if only private plans are offered, a prominent private U.S. health policy group said Wednesday. Federal spending on health-related costs would still rise …
To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is: [A] group of employers who perform related activities in an industry who agree to be jointly and severally …
There is no need for a federal consumer protection agency for property/casualty insurance products, state insurance regulators and insurers told Congress. In testimony before the House Committee of Financial Services on a proposed federal Consumer Financial Protection Agency, the industry …
The Independent Insurance Agents of Texas (IIAT) has awarded Patricia Ann Daniel, assistant vice president and insurance consultant with Extraco Banks N.A. dba: Extraco Insurance in Waco,Texas, with its Accredited Customer Service Representative (ACSR) of the Year. This award is …
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and issuer credit rating of “a-” to CastlePoint Florida Insurance Co. (CFIC) of Fort Lauderdale. The rating firm said the outlook assigned to these ratings is stable. CFIC …
Siding with domestic insurers, consumer groups and the state insurance regulator, Florida Gov. Charlie Crist today vetoed a bill designed to keep State Farm from leaving and attract other large insurers to the state by deregulating their rates. Crist said …
Warren Buffett said Wednesday that the U.S. economy has “no bounce” and will take time to recover, but there is no risk of deflation to push it further into despair. Speaking on CNBC television, the world’s second-richest person also praised …
AIU Holdings, the property/casualty division of insurer AIG and one of the world’s largest commercial insurers, has tapped Robert Schimek to be its first global chief financial officer, a role that includes preparing the company for a stake sale. AIU …
Good news for insurers and their agents. Fewer insurance customers are shopping for another insurance provider — 28 percent, compared with 36 percent in 2008. Across the industry, 90 percent of auto insurance customers are retained by their current provider. …
