The Waldo Canyon Wildfire in Colorado in the state’s second most populous city has reportedly destroyed hundreds of homes – and that number may get much higher. The fire, which forced the evacuation of more than 32,000 people, has consumed …
California Insurance Commissioner Dave Jones praised the U.S. Supreme Court’s decision on Thursday to uphold the Affordable Care Act – and he took the opportunity to state his support for health rate hike reviews in California. “The passage of the …
Florida’s third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a plan to shore-up its fiscal condition while revamping the deductibles and discounts it offers to policyholders. State Farm Insurance Co. …
The Insurance Industry Charitable Foundation (IICF) has expanded its traditional weeklong insurance volunteerism event in October to include an industrywide effort to boost charitable donations by insurance professionals.”IICF Week of Giving” will run October 13-20, 2012 nationwide.
Insurance rating organization A.M. Best Co. says the U.S. Supreme Court upholding the Patient Protection and Affordable Care Act (PPACA) will not have a ratings impact to the majority of health insurers. However, A.M. Best said it is maintaining a …
Bailed-out insurer American International Group Inc. will resume using its brand name in public in a move to recognize the company’s turnaround, Chief Executive Bob Benmosche said on Thursday. AIG, which received $182 billion in government bailouts during the financial …
In a briefing today with interested parties, the Senate Banking Committee’s chairman and ranking member confirmed that Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., have agreed to a deal that will allow flood insurance reform …
Mental health advocates and civil libertarians are calling for a moratorium on police use of stun guns in Vermont following the death of man last week. The American Civil Liberties Union and the Mental Health Law Project at Vermont Legal …
New York’s top court has rejected a request by French investors to reinstate their lawsuit over losing $43 million out of $50 million they put into two structured investment vehicles. The investors claim Barclays Bank, Standard & Poor’s and two …
White Mountains Solutions Holding Co., a specialist runoff acquisition operation for White Mountains Insurance Group Ltd., is continuing its acquisition activities. White Mountains Solutions said it has entered into an agreement to acquire two runoff subsidiaries — American General Indemnity …
