Michigan lawmakers are wading into a fight over control of a west Michigan insurance company. The House Insurance Committee has approved legislation that would make it tougher for Biglari Holdings Inc. to take over Fremont Michigan InsuraCorp. as it attempted …
The fraud charges against Goldman Sachs & Co. that rocked financial markets Friday are no slam dunk, as hazy evidence and strategic pitfalls could easily trip up government lawyers. Yet that hardly matters, experts say, because the allegations will kick …
Toyota Motor Corp. said Monday it will pay a record $16.4 million fine to U.S. safety regulators to settle a complaint that the company delayed a recall over defective accelerator pedals. Toyota, however, said it made a “good faith” effort …
Oklahoma City-based Insurica Insurance Management Network has hired Dillon B. Rosenhamer of Edmond, Okla., to augment the company’s surety practice. Rosenhamer has experience in the banking industry, most recently as an assistant vice president in commercial lending with First Fidelity …
The payment per claim for prescription drugs used to treat injured workers in Illinois was slightly lower than in most study states, according to a new study by the Workers Compensation Research Institute (WCRI). The 16-state study by the Cambridge, …
Cincinnati, Ohio-based American Empire Surplus Lines Insurance Company (AESLIC) has named Frederick J. Woebse president and chief operating officer. He succeeds Robert Nelson, who was named chairman and chief executive officer, until the time of Nelson’s retirement in July 2010. …
A judge in Austin has blocked regulators from posting on the Texas Department of Insurance Web site some documents on two rate rate filings by State Farm Insurance Cos. that would increase homeowners insurance premiums for its customers in the …
Independent insurance agencies and carriers face a hefty list of concerns for 2010 — profit margins, cash flow, sales volume and marketing, the down economy and the possibility that it might falter again. Yet that doesn’t mean companies are cutting …
The original story on the acquisition of Colemont Brokers by AmWINS Group identified the post-merger AmWINS as the largest wholesale broker. But this is only true when considering property/casualty premiums alone. AmWINS’ combined property/casualty and benefits premium of $4.8 billion …
For the fourth year in a row, most physicians and surgeons in Oregon will see a decline or no change in medical professional liability insurance rates, according to rate changes reviewd by the state Department of Consumer and Business Services …
