March 25, 2010
A schism is emerging between New York’s two main trade groups for insurance agents over how best to challenge rules requiring agents to reveal their pay. The Professional Insurance Agents of New York (PIANY) says it will not join a …
March 25, 2010
TD Insurance Inc. in South Portland, Maine, has hired Leah K. Halsey as an account executive in employee benefits. She is responsible for working with employers throughout Northern New England to design, implement and manage their various employee benefit programs, …
March 25, 2010
The mayor of Rutledge, Tennessee says he had no choice in the firing of the East Tennessee city’s police chief. Mayor Danny Turley said he fired Jeff Daniel after the former police chief refused to resign last week. Daniel was …
March 25, 2010
The latest Tennessee effort to outlaw passengers from having open alcohol containers in vehicles failed in a House committee this week. The House State and Local Government Committee voted to send the bill sponsored by Republican Rep. Jon Lundberg of …
March 25, 2010
The federal government has awarded nearly $1 million to Mississippi to pay for smoke alarms in homes. The State Fire Marshal’s Free Smoke Alarm Installation Program is the recipient of the Department of Homeland Security grant. Commissioner of Insurance and …
March 25, 2010
A Florida jury ordered R.J. Reynolds and Philip Morris Wednesday to pay $26.6 million to the widow of a longtime smoker who died of lung cancer, the latest verdict against cigarette makers in the “Engle progeny” lawsuits. The Broward County …
March 25, 2010
State regulators are taking control of some of U.S. bond insurer Ambac Financial Group Inc.’s worst assets, the company said Thursday, in an action affecting some $35 billion of assets. Regulators in Wisconsin, where Ambac’s main insurance unit is legally …
March 25, 2010
Two senior executives from AIG’s Asian operations plan to quit before Prudential’s planned $35.5 billion takeover, according to a source familiar with the matter. Chief Financial Officer Steve Roder and Chief Legal Counsel Peter Cashin plan to leave AIA, AIG’s …
March 25, 2010
London-based insurance and reinsurance broker Miller announced that it has strengthened its North American property broking team with the appointment of Robert Pound. He has more than 10 years’ experience in the insurance industry and previously worked at Lockton International …
March 25, 2010
The Bermuda-based Catlin Group Limited has given preliminary estimates of the financial impact of the Chilean earthquake – around $140 million – and Windstorm Xynthia – less than $10 million. Catlin noted that the current estimates of the insured damage …