Missouri, Kansas and Michigan collectively recovered nearly $39 million from insurance companies on behalf of consumers in 2009. Recoveries are funds returned to policyholders through settlement of claims disputes with insurers, based on inquiries and formal complaints. The Missouri Department …
In October 2008, my colleague and friend, Christopher J. Boggs, associate editor of MyNewMarkets.com and frequent contributor to Insurance Journal, wrote: “The beginning of mandated insurance continuing education (CE) was the end of the true insurance professional. To be considered …
Steve Crawford has been named president and chief executive officer at Grinnell Mutual Reinsurance Co., located in Grinnell, Iowa. For the past two years, Crawford has served as the company’s chief operating officer. During Crawford’s 34-year career at Grinnell Mutual …
State Sen. Hansen Clarke has jumped into the Michigan governor’s race and auto insurance reform will likely figure prominently in his bid for the offic The Detroit Democrat told the Associated Press he had filed the paperwork to kick off …
$1 Million Amount raised last year by InsurPac, the political action committee of The Independent Insurance Agents & Brokers of America (the Big “I”). It’s the first time the fund – which pays to support federal office candidates who espouse …
Towers Perrin, Watson Wyatt Towers Watson & Co. has completed the merger of Towers Perrin and Watson Wyatt. The transaction to form Towers Watson, a global professional services company, was announced on June 28, 2009. Watson Wyatt CEO John Haley …
A New York judge has given a green light to a class action suit filed by a group of Long Island homeowners worried about toxic leaks from Brookhaven National Laboratory. The leaks were first reported in the mid-1990s and included …
If you’re waiting for a hard market, you’ll be out of business. The revolution is underway. In the simplest terms, no one wants to do anything they don’t want to do. If this sounds overly innocent, it isn’t. The supermarket …
Four former insurance agents have pleaded guilty for their role in a scheme to steal hundreds of thousands of dollars in premiums from their customers, New Jersey’s attorney general said. Thomas Hurd, of Bensalem, Pa., William Wolnski, of Bayville, N.J. …
A trade group for insurers in New York is suing the state, claiming lawmakers are illegally using assessments paid by insurers to fund unrelated state activities. At issue is the state’s use of the so-called “332 assessments,” which are paid …
