A Venezuelan investor has sued global insurance broker Willis Group Holdings Ltd over the collapse of the Stanford banking empire, saying he relied on assurances from Willis that Stanford was sound. The lawsuit, filed as a class action in U.S. …
When it comes to selecting a carrier partner, size matters. But when it comes to ending a carrier relationship, price, underwriting flexibility and service matter the most. That’s according to the survey — “How Independent Agents View Carriers: The Super-Regionals” …
A claims-made and reported professional liability policy will not cover a Massachusetts lawyer who failed to notify three different insurers about a potential suit against him, the First Circuit Court of Appeals has ruled. The decision – which pitted lawyer …
California newspaper the San Francisco Chronicle is predicting that San Francisco Supervisor Michela Alioto-Pier will announce her candidacy for state Insurance Commissioner today. Alioto-Pier is the granddaughter of former San Francisco Mayor Joseph Alioto. She also previously was a member …
New Orleans-based Pan-American Life Insurance Group has completed the acquisition of USNow, which is headquartered in Plano, Texas, and provides limited medical plans. Since 1995, USNow President and CEO David E. Lindsey has been active in the area of managed …
Workers’ compensation reform proposals will be subjected to legislative scrutiny through an Oklahoma House of Representatives study requested by state Rep. Mark McCullough, among others. McCullough, who has authored several reform measures in recent years, said the study will allow …
The Missouri Public Service Commission is amending its rules to eliminate a requirement that customers generating 10 kilowatts or less of electricity carry liability insurance. Under rules first adopted last October, customers who generated 10 kilowatts or less of electricity …
A judge has dropped an insurance company from a lawsuit accusing the Catholic Diocese of Green Bay, Wis., of covering up a priest’s sexual assaults. Milwaukee-based Indiana Insurance Co. asked to be dropped from the lawsuit, saying its policy didn’t …
Neil Jasey has been appointed commissioner of the New Jersey Department of Banking and Insurance. Jasey Replaces replaces former Commissioner Steve Goldman, who recently departed the role to return to private law practice. Jasey retired in 2004, after having worked …
A New York City distributor has agreed to pay more than $500,000 to settle a complaint that it was slow in reporting a defect and fire hazard linked to oscillating fans. The $587,500 penalty is part of a settlement Haier …
