The judge overseeing New York’s lawsuit against former American International Group Inc. Chief Executive Hank Greenberg denied Monday a motion urging him to quit the case. Greenberg sought to have New York State Supreme Court Justice Charles Ramos removed because …
The merger of New York state’s banking and insurance departments might not create the powerful agency first advertised, according to Governor Andrew Cuomo’s recent budget deal with legislative leaders. At first Cuomo called for a merger that included the existing …
The federal government is no longer requiring that about 76,000 of the nation’s for-hire truckers carry cargo liability insurance. Over the objections of shippers and transportation brokers, the Federal Motor Carrier Safety Administration (FMCSA) issued a rule effective March 21 …
Tbe New Mexico Public Regulation Commission’s Transportation Division has put wrecker/towing companies on notice that it will strictly enforce the provisions of the New Mexico Motor Carrier Act, in light of recent fraud. The Transportation Division said in a recent …
A gain of 3,000 construction jobs from January to February contributed to the largest over-the-year gain in seasonally adjusted nonfarm jobs in Louisiana in more than two years, the Louisiana Workforce Commission (LWC) said. A survey of Louisiana employers by …
Ironshore Canada Ltd. created a specialty casualty division to underwrite insurance coverages for general liability, as well as umbrella and excess liability programs. Stephen Stewart has been named vice president to head the division, reporting to Michael Wills, president and …
Standard & Poor’s Ratings Services has placed its ‘B- (sf)’ rating on Montana Re Ltd.’s Class E notes on CreditWatch with negative implications. The notes, totaling $210 million, were originally placed at the end of December 2010 by Flagstone Re. …
In April, CNA will join other members of the Independent Community Bankers of America (ICBA) to celebrate Community Banking Month with the announcement of its customized Epack Extra form for Community Banks. The insurer’s program is targeted to commercial banks, …
Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced that its subsidiary, American Hallmark Insurance Co. of Texas, is acquiring TBIC Holding Corp. and its wholly owned subsidiaries Texas Builders Insurance Co. and TBIC Risk Management Inc. The estimated …
A bill that would deny workers’ compensation to illegal immigrants who have jobs in Montana was tabled by a Senate committee after several insurers and businesses warned it would do more harm than good to employers. The bill’s sponsor, Rep. …
