Ever since Congress last renewed the program in 2007, I’ve expected that reauthorizing the Terrorism Risk Insurance Act (TRIA) would dominate Washington’s insurance debate in late 2014. I’m not so sure any more. In fact, another issue—Solvency II—seems likely to …
New York officials announced AXA Equitable will pay a $20 million fine to the state’s Department of Financial Services (DFS) for violating insurance law related to certain variable annuity products. DFS said its investigation uncovered that AXA made changes to …
Massachusetts plans on cutting ties with the contractor for its hobbled health care insurance website. The recommendation was made Monday by Sarah Iselin, who was hired by Massachusetts Gov. Deval Patrick to oversee a fix for the website problems that …
An Iowa appeals court says Nationwide Mutual Insurance Co. didn’t discriminate against a breastfeeding mother who resigned under pressure on her first day back from maternity leave. Angela Ames, an employee in its Des Moines office, claims that she resigned …
The second-largest U.S. commuter railroad allowed safety to erode while pushing to keep its trains on time, resulting in a lax culture of inadequate inspections, poor training and inappropriate cellphone use, according to a stinging federal report prompted by a …
The Visiting Nurse Associations of America (VNAA) and specialty broker Lockton Affinity have launched a new insurance program to protect nurses and Visiting Nurse Association member agencies. VNAA is sponsoring the professional liability insurance program to provide enhanced protection for …
Wells Fargo Insurance announced it is working with TransGuardian and the U.S. Mail to secure the shipping of high value parcels throughout the U.S. In making the announcement Wells Fargo highlighted the fact that parent Wells Fargo & Co. was …
Texas regulators are seeking comments on new rules related to surplus lines insurance. The Texas Department of Insurance is considering rules to implement Senate Bill (SB) 697 and 951, and House Bill (HB) 1405 (83rd Texas Legislature, Regular Session); SB …
The Federal Emergency Management Agency is providing a grant to help pay for the elevation of 16 houses Jefferson Parish. The grant covers about $2.1 million of the estimated $2.7 million total cost of the project. FEMA officials say elevating …
Worldwide Facilities Inc. added William (Bill) Schmitt to its professional liability team. He will work out of Worldwide’s Chicago, Ill., office. Schmitt has 20 years of professional liability insurance experience, primarily in lawyer’s professional liability, and has an in-depth knowledge …
