U.S. states probing employee bonuses paid by American International Group Inc. using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case themselves. Since March, a 19-state coalition has been investigating …
Indiana has ordered Elk Grove Village, Ill.-based auto insurance company Universal Casualty Company (UCC) to stop writing new policies in the state until the company can demonstrate “improved business practices,” according to the Indiana Department of Insurance (IDOI), which has …
Dallas, Texas-based wholesale insurance broker, Van Wagoner Companies Inc., has promoted Amber L. Browning to vice president and appointed Chip Shattuck as a commercial lines underwriter. Browning has been with Van Wagoner for her entire career. The company said the …
The Independent Insurance Agents of Texas (IIAT) has named Mark Bridges, a producer at Edmond, Deaton & Stephens Insurance Agency in Amarillo, as the André P. Juneau Young Agent of the Year. Bridges was honored with the award – given …
Louisiana should try to increase its own emergency shelter space by upgrading public buildings, like schools or government sites, so they can house hurricane evacuees, a House of Representatives committee has agreed. Without objection, the House Judiciary Committee approved a …
With only a few days left before the official beginning of summer, strong spring storms have been pummeling the Midwest this week with tornadoes, strong winds, rain and hail, and leaving behind widespread damage. Golf-ball sized hail dropped in west …
The property and casualty insurance industry is projected to be smaller, in dollar terms, once the current financial crisis is corrected, according to a leading industry economist. Once the recession finally ends, the industry will be about 3 percent smaller, …
AAA will not be allowed to perform some of the transactions of the Massachusetts Registry of Motor Vehicles after a provision that would have allowed the change was knocked out of the Bay State’s budget last night, according to the …
Jeffrey A. Vanderpool has been promoted to senior vice president and chief claims officer at Sunshine State Insurance Co. in St. Augustine, Fla. Vanderpool has served as vice president of caims since he joined the company in 2003. Prior to …
A.M. Best has revised the outlook to negative for Boston-based insurer Plymouth Rock Assurance Group. Despite the outlook downgrade, A.M. Best Co. affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Plymouth Rock Assurance …
