U.S. Rep. Earl Pomeroy of North Dakota is not seeking the presidency of a Washington lobbying group for life insurers, a spokeswoman said, although an industry representative called the North Dakota Democrat a “natural” candidate for the job. The American …
Louisiana Citizens Property Insurance Corp., which insures homes and commercial properties shunned by private companies, continues to shed policies. The company’s chief executive officer, John Wortman, said he hopes the company will be down to 120,000 policyholders by the end …
Entergy Corp. has filed a second suit against the Army Corps of Engineers over flooding that followed Hurricane Katrina, leaving behind hundreds of millions of dollars to power systems and higher rates for hundreds of thousands of electricity customers in …
Missouri’s top judges questioned Jan. 14 whether a 2005 law limiting medical malpractice lawsuits is being wrongly applied to people retroactively and is discriminating against the spouses of those injured. Attorneys for patients argued to the state Supreme Court that …
Workers 65 years old and older tend to have lower indemnity costs for workers’ compensation than do younger workers, largely because of their lower weekly wages. That information from a new industry study could be good news for insurers as …
A watchdog senator Friday asked the Obama administration pay czar to explain why a top AIG executive stands to get a multi-million dollar severance package. Sen. Chuck Grassley sent a letter to pay czar Kenneth Feinberg asking him to explain …
A House panel slated to look into the collapse and bailout of insurer American International Group has widened its probe, adding former Treasury Secretary Henry Paulson to its list of invited witnesses. Paulson, who was asked Friday to testify, would …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Insurance Corporation of Barbados Limited (ICBL) with stable outlooks. Best said the rating actions “reflect ICBL’s solid capitalization, leading market …
Worcester, Massachusetts-based insurer The Hanover Insurance Group Inc. will acquire The Campania Group, a medical and general liability insurer for the health care industry. Terms of the deal were not disclosed. The Campania Group, based in Vienna, Virginia, provides professional …
Molly Lambert, former president of the Vermont Captive Insurance Association, has been appointed by the U.S. Department of Agriculture as rural development director for New Hampshire and Vermont. She was nominated for the post last year.
