Two weeks ahead of an election deciding whether he keeps his job, North Carolina’s insurance commissioner told companies they’ll have to prove they should be allowed to increase homeowner’s premiums by a statewide average of 17.7 percent. The move by …
Three people, including two principals of an insurance firm, who were convicted in a fraudulent Nebraska investment scheme have been sentenced to prison and ordered to make restitution of more than $16.6 million. The three were sentenced in U.S. District …
Barclays will face on Monday the first claim for damages stemming from manipulation of the Libor interest rate in a landmark case before Britain’s High Court that could have major implications for all UK banks. Guardian Care Homes, a residential …
Itasca, Ill.-headquartered global insurance broker Arthur J. Gallagher & Co. has acquired Park Row Associates Inc. in Providence, R.I., from its parent company, Delta Dental of Rhode Island. Terms of the transaction were not disclosed. Founded in 1994, Park Row …
Kelley Kinsella has been appointed senior vice president and regional executive officer for ACE USA’s Midwest Region. Kinsella will be responsible for setting and driving overall strategy for the region, which comprises 13 Midwestern states, and includes ACE USA branch …
A meeting slated for Thursday called for by California Insurance Commissioner Dave Jones to deal with “force-placed” insurance has cast the dye for debate on whether such insurance should be filed in the category of specialty lines or commodity. Other …
A New York-based auto body shop has been allowed to move forward with its lawsuit that accuses Progressive Insurance Group Company and its affiliates of deceptive acts and practices. The ruling last week by the Appellate Division of the Supreme …
The National Highway Traffic Safety Administration (NHTSA), part of the U.S. Transportation Department, said this month it is providing $550,000 to Connecticut and Massachusetts to help them devise anti-texting enforcement techniques and programs. Each state will receive $275,000 to develop …
Actor Tom Cruise has filed a lawsuit in a California court against the publisher of Life & Style magazine over a story that suggested he abandoned his daughter, Suri, according to an article on Wednesday in entertainment trade publication The …
In the face of criticism, the top executive of Florida’s state-backed property insurer acknowledge his decision to close the insurer’s office in charge of corporate oversight before having its replacement in place was ill-advised. Citizens Property Insurance Corp. executives recently …
