Don Parkes, an insurance executive with 18 years’ experience in catastrophe risk management, has been named vice president of sales for the American Association of Insurance Services (AAIS). AAIS is a national insurance advisory organization that develops policy forms and …
The New Jersey Assembly’s financial institutions and insurance committee gave approval Monday, Jan. 14, to a recently introduced bill that seeks to make it easier for homeowners to understand what their policy covers and does not cover. The bill, A3642, …
Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have a negative impact on the U.S. economy, according to a survey conducted by the Insurance Information Institute at its 17th annual Property/Casualty Insurance Joint Industry Forum, held …
Major U.S. news organizations have urged a federal appeals court to prevent Delaware from allowing sitting judges to arbitrate business disputes in private, saying the system raised suspicions of preferential treatment for corporations. The case involves Delaware’s Court of Chancery, …
Kentucky is making progress in curbing an epidemic of prescription drug abuse, Attorney General Jack Conway told political leaders from across the nation this week. Conway briefed the National Governor’s Association Policy Academy on Reducing Prescription Drug Abuse about Kentucky’s …
Mississippi Insurance Commissioner Mike Chaney has the authority to establish and manage a health insurance exchange, according to a legal opinion by state Attorney General Jim Hood. Exchanges are online marketplaces where people can shop for insurance. Under the federal …
Genworth Financial Inc. on Wednesday said it was reorganizing itself to separate its mortgage insurance business from the rest of the company, reducing the risk of default on its bonds and sending its shares up 9 percent. Genworth’s shareholders — …
If you like your 401(k) retirement savings account, you’re going to love what healthcare reform does to your employer-provided health care plan. In a post-Obamacare future, expect more employers to adopt defined contribution healthcare plans. Instead of providing coverage, they …
Cooper Gay Swett & Crawford Limited (CGSC) has announced the closing of its investment agreement with Lightyear Capital LLC. According to the agreement “an affiliated investment fund of the New York-based private equity firm along with institutional co-investors will take …
Islamist gunmen holding dozens of Western hostages and scores of Algerians at a gas plant deep in the Sahara desert let some them speak to the media on Thursday to warn that they would be blown up if the site …
