The Obama administration has urged a court to reject an attempt to block a controversial new law overhauling the U.S. healthcare system, saying it is constitutional and any challenge is premature. The reforms, a top priority of President Barack Obama, …
Companies linked to the massive Gulf of Mexico oil spill are facing a flood of lawsuits, as legal actions from the disaster spread faster than the crude gushing from BP Plc’s blown-out undersea well. Nearly 100 lawsuits have already been …
European insurers were buoyed by strong sales of life insurance and asset management products on the back of a reviving economy in the first quarter, offsetting big disaster damage claims. Germany’s Allianz, Italy’s Assicurazioni Generali, The Netherlands’ Aegon and Belgium’s …
A Libyan Airbus jet crashed early on Wednesday as it tried to land at Tripoli airport, killing 103 people on board and leaving a Dutch boy the sole survivor, Libyan officials said. The Airbus A330-200, only in service since September, …
Nevada’s Business & Industry Director Dianne Cornwall announced that Nevada Insurance Commissioner Scott J. Kipper has resigned from the position, effective June 2, 2010. Kipper has been insurance commissioner since December 2008, when he replaced Acting Commissioner Betty Baker who …
OnPoint Underwriting has made Zurich in North America and Allied World Assurance Co. Inc. the lead carriers for its program for Sovereign Indian Nations. These programs are effective July 1, 2010, for all of OnPoint’s renewing customers and new client …
Independent insurance agents often rate a carrier with great field representatives higher than others — sometimes elevating them to their “Top 3” carriers. While the performance of insurance company field representatives doesn’t rise to the top of independent agents’ minds …
AIG is reviewing its dealings with all its counterparties during the financial crisis, including Goldman Sachs Group Inc., to see if it was harmed, Chief Executive Robert Benmosche said Wednesday. The bailed-out insurer will take appropriate action if it finds …
Wisconsin’s Office of the Commissioner of Insurance recently released its 2009 Insurance Complaints and Administrative Actions report summarizing the complaints received across all lines of insurance covering insurer activities such as underwriting and rating, marketing and claims processing. During 2009, …
El Nino weather patterns and a relatively mild winter left Idaho, eastern Washington and south central Oregon drier than normal and vulnerable to wildfire, accoridng to the Federal Emergency Management Agency (FEMA). In addition to urging extreme caution with campfires, …
