Nine new auto insurers, more carriers for each independent agency to represent, a drop in the number of uninsured drivers, and a decrease in policies written in the residual market — these are some of the advantages under the one-year …
The last thing short-track driver Tim McCreadie remembers, he was leading in the semifinal qualifier at the Chili Bowl in Tulsa, Okla. When he awoke, he had two problems. His back was broken and he didn’t have health insurance. “It …
The National Alliance for Insurance Education & Research has named the state award winners who will compete for the national Outstanding Customer Service Representative of the Year for 2009. Each year, a group of exceptional insurance professionals are chosen by …
New York State Insurance Department licensees should protect their businesses by ensuring that they comply with federal requirements designed to prevent such practices as money laundering and other illegal international transactions, Insurance Superintendent Eric Dinallo has warned. “Complying with federal …
A federal judge has denied a convicted West Virginia physician’s request for a new trial. Dr. John C. Sharp of Marlinton was convicted last year on 29 counts of health care fraud for billing insurers for services he never performed. …
Elected county officials in Kentucky who run afoul of the law can have their legal bills paid by a nonprofit lobbying group set up for the state’s counties. The Kentucky Association of Counties’ taxpayer-funded insurance policy can, in many cases, …
Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts, stretching over 8 months, continues to be headline news. It’s also news of another sort in the City of London, where …
Validus Holdings Ltd. reiterated its unsolicited offer for reinsurer IPC Re Thursday, one day after Flagstone Reinsurance Limited made a higher competing bid [See related article]. Validus’ bid of 1.1234 of its shares plus $3.75 in cash for each IPC …
Bermuda-based PartnerRe announced that it has entered into definitive agreements to acquire PARIS RE, a French-listed, Swiss-based diversified reinsurer. PartnerRe will exchange 0.30 of its common shares for each PARIS RE common share outstanding in a stock-for-stock transaction. The announcement …
Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd, contending it was a willing participant in a $7 billion fraud at the Texas-based investment company. The lawsuit, filed in federal court in Dallas, said …
