Buoyed by a year of record profits, a Michigan insurance company said it is planning a $100 million expansion that could lead to the addition of more than 1,000 jobs at its headquarters. Lansing-based Jackson National Life Insurance Co. said …
American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and reported lower losses. The long-awaited turnaround in …
A Texas company has been ordered to pay $240 million in damages to 32 mentally disabled workers who formerly worked at the company’s turkey processing plant in Iowa for what government lawyers described as decades of around-the-clock abuse on and …
It’s well known that Texas has some of the highest homeowners premiums in the nation — in large part due to the state’s vulnerability to violent weather. It may be less known that Texas has some of the highest insurance …
Ohio’s governor and the state workers’ compensation fund want to return $1 billion in dividends to Ohio businesses, bolster workplace safety initiatives, and modernize the way employers pay into the fund. A higher-than-expected return on investments is making possible the …
The California Court of Appeal upheld a Los Angeles Superior Court ruling on Thursday by dismissing Mercury Insurance Co.’s lawsuit challenging Insurance Commissioner Dave Jones’ authority to decrease the insurer’s homeowners rates. Jones in March issued a decision providing for …
The U.S. Trade Representative’s office criticized China on Wednesday for failing to stop the growing theft of American trade secrets that are the lifeblood of U.S economic might, in the latest sign of Washington’s frustration. “Not only are repeated thefts …
A monthly economic survey index for nine Midwest and Plains states dipped for the second consecutive month in April, but the survey’s organizer said the index indicates slow growth for the region in the coming three to six months. The …
Starting November 1, law enforcement officers will be able to remove the tags of uninsured vehicles in Oklahoma, the state insurance department announced. House Bill 1792, proposed by Oklahoma Insurance Commissioner John D. Doak and recently signed into law by …
The Oklahoma Senate has approved a Republican-backed plan to overhaul the state’s workers’ compensation system and to cut more than $100 million annually from injured worker benefits, sending the proposal to Gov. Mary Fallin for her likely signature. After weeks …
