Auto insurer Clarendon National Insurance Co. has refunded $992,000 to 1,227 automobile insurance policyholders the company overcharged when it improperly imposed a 30 percent rate hike, the New York State Insurance Department said. The Insurance Department said Clarendon also paid …
Connecticut officials are notifying 11,000 residents who applied for state rebates after purchasing energy efficient furnaces that their personal information may have been stolen. Robert Genuario, secretary of the state’s Office of Policy and Management, says Hartford Police notified his …
Insurance agents and carriers are reporting progress in their efforts to modify a proposed federal financial services regulation bill passed by the Senate Banking Committee, while risk managers have extended their support to the legislation. Lobbyists for the Independent Insurance …
Ecru, Mississippi insurance agent Ken Nowlin claims in court documents that he was given faulty advice by his attorney in a government kickback case and wants a new trial. In documents filed this month in U.S. District Court in Oxford, …
The Obama administration’s pay czar Tuesday slashed pay again at five U.S. firms that still depend on a government lifeline, but boasted that the clampdowns are not sending talented workers fleeing for the exits. Kenneth Feinberg, a Washington lawyer who …
Lloyd’s announced overall pretax profits of £3.868 billion [$5.796 billion] for 2009, doubling the £1.899 billion [$2.84 billion] it reported for 2008. The record results were achieved despite ongoing economic problems in the UK and the decline in the value …
Risk Management Solutions announced that it has reached an agreement with Asia Capital Reinsurance Group (ACR) that they will work together to “develop catastrophe risk models enabling ACR to apply the models of particular relevance to the Asian market.” RMS …
A major storm has caused widespread flooding, collapsed roofs and power cuts to 150,000 customers in the western Australian city of Perth. The Bureau of Meteorology said the Monday storm carried wind gusts of more than 75 miles per hour …
Florida Gov. Charlie Crist said he would like to give the state insurance regulator authority to prevent excessive payments by home-based insurance companies to affiliated managing general agencies and other entities. “I’d like to be able to sign that,” Crist …
He bills himself as Atlanta’s “only live insurance agent” — and he brings insurance to life on his Atlanta Insurance Live video blog and Web site at atlantainsurancelive.com. Insurance entrepreneur Chris Jordan has been profiled by Inc. magazine in a …
