No Role in Non-Disclosure “We had no effective legal means to step in and prevent default (at AIG) … without helping this firm meet all its legal obligations.” —U.S. Treasury Secretary Timothy Geithner saying the bailout of insurer AIG was …
What a difference a year makes. Just 12 months ago, the subprime and credit crisis litigation wave was in full spate, and the onslaught of Madoff and other Ponzi scheme lawsuits had just begun to surge. While both of those …
Characterizations by a recent Washington State Auditor’s report on the state’s workers’ compensation insurance system has the state Department of Labor and Industries (L&I) worried that people will incorrectly believe that the system will become insolvent. The report, which audited …
Bills to ban the use of credit scoring, streamline the licensing of agents and brokers, and improve health care are all on Washington’s Office of the Insurance Commissioner’s (OIC) legislative agenda for 2010. Among the proposed changes: Credit scoring: The …
Grange Insurance, based in Columbus, Ohio, named Robert V. James president and CEO. Retiring president and CEO Phil Urban will serve in an advisory capacity until Feb. 26 to ensure a seamless transition. James has more than 36 years of …
Towers Perrin, Watson Wyatt Towers Watson & Co. completed the merger of Towers Perrin and Watson Wyatt to form Towers Watson, a global professional services company headquartered in New York City. Watson Wyatt CEO John Haley is Towers Watson’s chairman …
No Effective Legal Means “We had no effective legal means to step in and prevent default (at AIG) … without helping this firm meet all its legal obligations.” —U.S. Treasury Secretary Timothy Geithner told CNBC television that the bailout of …
Reforming Oklahoma’s workers’ compensation system will be among the top legislative goals for Republican lawmakers in 2010. GOP leaders in the state Senate and House of Representatives say overhaul of the workers’ compensation system is essential to economic development. Republicans, …
Todd Richardson has been promoted to regional vice president – State Auto Middle Markets Insurance (SAMMI) for the company’s Western region, which includes Utah, Colorado, Arizona, Oklahoma and Texas. Richardson will manage the SAMMI underwriting teams based in Austin, Texas, …
Owners of small businesses — like many insurance agencies — spend more of their time working on today’s issues than tomorrow’s potential. It’s an approach that may keep the doors open for now, but what about when they’re ready to …
