The Colorado House has passed a bill to increase funding to help fight insurance fund by surcharging insurance companies. Insurers currently are charged $425 annually, and House Bill 1385 that amount to $561. Revenue from this insurance fraud fee would …
As part of its new Butterfinger advertising campaign, Nestle USA said it has taken out a $1 million policy with Lloyd’s of London to ensure the promise behind its tagline to ensure consumers can “always lay a finger on their …
U.S. Commerce Secretary Gary Locke announced $30 million in federal aid on April 9 to help Iowa recover from the devastating floods of 2008, pushing the total amount given to the state to $4 billion. The grants will used to …
The U.S. Geological Survey has recorded another earthquake in central Oklahoma, and an additional one in central Arkansas as well. A 3.2 magnitude earthquake was recorded at 7:42 a.m. April 8 about two miles southwest of Jones – about 10 …
All Risks of California Insurance Services LLC has named Paula Choy financial products manager. Choy has more than 20 years of experience as a successful broker in the financial products and professional lines marketplace. She brings extensive experience in directors …
The Leavitt Group, headquartered in Cedar City, Utah, has announced that Mike Taylor is the new co-owner of the company’s Montana locations in Billings, Bozeman, and Livingston. Previously known as Swanson-Leavitt Insurance, these locations will now do business as Taylor-Leavitt …
The Missouri Department of Insurance has lifted its restrictions on Chicago-based auto insurance company, Universal Casualty Co., allowing it to start offering new policies in Missouri again. Director John M. Huff issued a cease-and-desist order against Universal Casualty in June …
Congress today could advance a provision reinstating the flood insurance program as part of a bill extending unemployment benefits and subsidies for COBRA health insurance premiums. The Senate is scheduled to vote on whether to end debate on the legislation, …
Specialty insurer Torus has appointed Demian Smith as global head of Marine based in London. Smith will facilitate the expansion of Torus’ specialty offering, which launched last September, through the set up and development of a new marine practice. He …
Proposed cuts in the agreement crop insurers have with the federal government would likely reduce reinsurers’ expected profit by 20 to 30 percent, which could lead to some companies withdrawing from the program or scaling back their capacity, according to …
