“The volume of export credits and foreign direct investment insured by members of the Berne Union grew by 17 percent in 2011,” said the Union’s bulletin. “The result is a record amount of $1.8 trillion of trade facilitated more than …
Spain’s sickly economy faces a “crisis of huge proportions”, a minister said on Friday, as unemployment hit its highest level in two decades and Standard and Poor’s weighed in with a two-notch downgrade of the government’s debt. Spain’s unemployment rate …
Chicago, IL, 04/27/12 – ThinkRisk Underwriting Agency, LLC and OneBeacon Professional Insurance join forces to announce the launch of a new Professional Liability Policy for Insurance Agents & Brokers. The product, [in]FUSESM, provides broad protection for emerging exposures faced by …
Pennsylvania regulators announced on Thursday their quarterly enforcement actions for the 2012 first quarter. The Pennsylvania insurance department said its office of market regulation closed 27 enforcement actions and market conduct examinations and 3,211 written consumer complaint and inquiries in …
New York’s financial regulators will hold hearings on the so-called force-placed insurance next month. These hearings will be open to the public and will also be webcast over the Internet. Benjamin Lawsky, superintendent of the New York Department of Financial …
The Connecticut Senate has voted to expand consumer protections from price gouging during major storms, such as the freak October snow storm that hit the state last year. Senators voted 33-to-3 Wednesday in favor of the bill, which prohibits “unconscionably …
Stephen Cutlip had only been living in Mendon for several weeks when he was displaced last summer by flooding from Tropical Storm Irene. Following the August flood, he lived in a series of motels then spent three months in transitional …
Four associates of a New York businessman convicted in a $400 million Ponzi scheme were arrested Wednesday on charges they pocketed nearly $38 million in commissions for their efforts in advancing the fraud, federal prosecutors said. Three of the suspects …
Insurance Commissioner Dave Jones and the California Department of Insurance really want you to like them. CDI now has a Facebook page. The page was launched on Thursday, and had about a dozen “Likes” as soon as the page was …
The California Senate Insurance Committee passed a law regarding reinsurers that would put the state in alignment with the Dodd–Frank Wall Street Reform and Consumer Protection Act and a model law from the National Association of Insurance Commissioners. Senate Bill …
