At a time when many insurance carriers are centralizing their underwriting models and interacting more through technology, a recent survey has found that agency small commercial customer service representatives and account managers still find direct access to local underwriters critical …
New York lawmakers want to slam the brakes on the auto insurance fraud. On Thursday, the state’s Senate passed three bills to fight auto insurance fraud. These measures will now move to the state Assembly for consideration. According to the …
Twelve directors of Morgan Stanley have won dismissal of a shareholder lawsuit accusing them of letting the Wall Street bank overpay its employees even while accepting taxpayer-funded federal bailouts. Shareholders accused the outside directors of corporate waste and breaching their …
Hawaii will pay $15.4 million to settle a lawsuit involving two hikers who fell to their deaths on Kauai in 2006. The Honolulu Star-Advertiser reported Monday the out-of-court settlement is subject to approval by the state Legislature. Honolulu attorney Mark …
Insurance direct marketer, GEICO, has announced that it is lowering commercial auto insurance rates for business owners in Texas. Commercial insurance packages cover the cars, trucks and vans used in conducting business, including for small businesses such as contractors, retailers, …
A federal judge on Thursday ordered U.S. regulators to start proceedings to withdraw approval for the use of common antibiotics in animal feed, citing concerns that overuse is endangering human health by creating antibiotic-resistant “superbugs”. U.S. Magistrate Judge Theodore Katz …
A black Santa Monica Airport security guard who claims the city denied him a promotion because of his race and age has settled the case for $200,000. The Santa Monica Daily Press reported 56-year-old Vonnell Adams also agreed to leave …
American International Group Inc. has made a final $1.5 billion payment to the United States Treasury Department to retire the Treasury’s interest in AIA Aurora LLC (AIA SPV) – a special purpose vehicle created to hold ordinary shares of American …
New York State’s top financial regulator is urging the Republican majority in the state’s Senate to help establish the health insurance exchange. Gov. Andrew Cuomo and the Democrat-controlled Assembly, along with some moderates and Democrats in the Senate had a …
The National Weather Service might change the official Missouri River flood stage in Bismarck, N.D. Hydrologist Allen Schlag tells The Bismarck Tribune that at the current flood stage of 16 feet, neither Bismarck nor neighboring Mandan experience any real flooding …
