April 16, 2010
A trade group for New York City insurance agents says it is launching a legal challenge against the state’s insurance department over new rules that would require agents to disclose their pay to customers. Directors of the Council of Insurance …
April 16, 2010
Florida insurance consumers have recovered more than than $4.4 million since January from insurance companies with the help of the state. Citing an example, CFO Alex Sink said that a Naples homeowner contacted the Department of Financial Services when he …
April 16, 2010
Tampa-based American Integrity Insurance Co. said that it would provide insurance coverage for up to 20,000 of the 62,000 customers of Northern Capital Insurance Co., which is being liquidated. American Integrity said it is sending letters to its 2,600 insurance …
April 16, 2010
MetLife Inc., the largest U.S. insurer, has agreed to pay $13.5 million to resolve a federal government investigation into improper payments made to a San Diego-based insurance broker, the U.S. Justice Department said on Thursday. It said the millions of …
April 16, 2010
Airlines which stand to lose millions of euros from a cloud of Icelandic volcanic ash disrupting flights and closing airports across northern Europe are expected to have little recourse to recoup losses from insurance companies. “Normally, the airlines are not …
April 16, 2010
Scanlon, Guerra, Burke Insurance Brokers of Woodland Hills, Calif., announced that it is becoming the master broker for California’s exclusive workers’ compensation self-insured group of home improvement and general retail stores, and added Rusty Russell in the position of senior …
April 16, 2010
Norman-Spencer and Western Marine Insurance Services announced that Paul Sexton has joined the organization as vice president of boat/yacht product development and distribution. He will be responsible for the development of a new boat/yacht program and national distribution strategy, primarily …
April 16, 2010
Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that it plans to release first quarter 2010 financial results on April 21, 2010, during market hours. For more information, visit www.thezenith.com
April 16, 2010
A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United States that were found to …
April 16, 2010
Jeffery Stone and his wife Janette Diller Stone, one-time operators of a now-defunct New York investment firm called Crescent Fund, are not on any government most wanted list. And they aren’t exactly hiding, either. But the former Greenwich, Connecticut, residents …