City officials did nothing to contribute to flooding that damaged homes and belongings of property owners who live in a southeast Muskogee, Okla., neighborhood, a study shows. The city commissioned the $11,000 hydrological study as part of its defense against …
A 40-year-old Sioux City, Iowa, man has been sentenced to five years in prison for selling insurance without a license. The Sioux City Journal reports that Douglas Inlay was sentenced on July 16 in Woodbury County District Court. Inlay also …
Don Engler has joined Wisconsin-based wholesale insurance firm Scobie Group as vice president of Branch Operations in the Eau Claire, Wis., office, the company announced. During the past 20-plus years Engler has been in leadership positions with various companies in …
Nebraska’s top regulator says insurance producers will be among the first to benefit from the state’s implementation of a national state based online regulatory system. The Nebraska Department of Insurance announced it has completed the initial phase of implementing State …
A federal appeals court has reinstated Keri M. Towns’ wrongful termination case against Northeast Mississippi Electric Power Association. The Northeast Mississippi Daily Journal reported that the 5th U.S. Circuit Court of Appeals has reversed a Mississippi federal judge who had …
Executives and the board of governors of Florida’s largest state-back property insurer received a rude reception at a public rate hearing in Miami where they indicated they will consider increasing rates on existing homeowners policies by a statewide average 7.4 …
Bank of America Corp. has agreed to pay $375 million to settle a case brought by bond insurer Syncora Guarantee over toxic mortgage-backed securities at the center of the 2008 financial crisis. Syncora sued Bank of America in 2009 to …
Editor’s Note: A previous story on a Marsh report on the U.S. Commercial Market was from 2011 and ran in error. Insurance Journal regrets the error. Here is the latest Marsh report. Rates in the global insurance market generally firmed …
Long term care liability loss rates and claim severity have reached an eight-year high and are expected to grow steadily in 2013 against a backdrop of health care provider budget constraints and uncertainty about health care reform, according to Aon …
Lord Peter Levene, former chairman of Lloyd’s of London, has been appointed a director and vice chairman of the global insurance firm Starr International Co. Inc., Starr Chairman and Managing Director Maurice R. Greenberg announced. Levene will support Starr’s position …
