March 28, 2012
Radio audience ratings company Arbitron Inc. says it is paying $400,000 to settle a case in California in which it was accused of under-representing black and Hispanic listeners in its surveys in the state’s largest cities. Lawyers for the state …
March 28, 2012
A federal judge is hearing arguments over whether to stop the federal government from issuing flood insurance policies for new development in flood-prone areas around Puget Sound. The National Wildlife Federation alleges the Federal Emergency Management Agency has failed to …
March 28, 2012
Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. Gen X, Gen Y agents: who are you? What do you really think about your career? About your …
March 28, 2012
The Virginia State Police insurance fraud program just released their 2011 annual report, which shows the number of arrests for insurance fraud and other related crimes, such as arson and forgery, is continuing to increase — up eight percent over …
March 28, 2012
The Maryland General Assembly has passed a measure to create a framework for a health insurance marketplace to provide coverage to the uninsured. The House of Delegates and state Senate voted 94-44 and 35-12, respectively, for the bill Monday. The …
March 28, 2012
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Platinum Underwriters Bermuda, Ltd. and its strategic affiliate, Baltimore-based Platinum Underwriters Reinsurance, Inc. Best also affirmed the ICR of “bbb” …
March 28, 2012
Attorney General Martha Coakley says the requirement that Massachusetts residents purchase health insurance is unlikely to be altered by any ruling from the U.S. Supreme Court on a similar federal provision. The high court began hearing arguments Monday on the …
March 28, 2012
MKM Partners, a research firm, appointed industry veteran Harry Fong as executive director in its equity research department to cover insurance companies. Fong is an experienced insurance analyst with strong corporate and buy-side relationships. He has been covering the sector …
March 28, 2012
The loss, announced today by Lloyd’s of London, shows just how severe the second costliest year for catastrophes on record for the insurance industry actually was. Lloyd’s announced a loss of £516 million ($822 million) for 2011 – a large, …
March 28, 2012
The fate of President Barack Obama’s healthcare overhaul will be on the line on Wednesday when the U.S. Supreme Court considers whether the entire law must fall without its centerpiece insurance mandate. Completing three days of historic arguments, the nine …