General Motors Co. has now linked 47 crashes to small cars with defective ignition switches while saying it hasn’t increased the number of deaths tied to the accidents. “We have done a thorough analysis of all the information available to …
Suncorp Group Ltd., Australia’s largest general insurer by market value, plans a A$500 million (US$462 million) write-down at its life insurance unit and cut its growth target for the year to June 2015. The write-down will reduce net profit and …
The super-political action committee financed by billionaire and former money manager Tom Steyer will try to raise climate change as an election issue in four U.S. Senate races and three gubernatorial contests this year, the group announced this morning. NextGen …
A four-year investigation into an organized fraud ring has uncovered a million-dollar scheme targeting high-end vehicles through auto loan and insurance fraud has led to several arrests, according to the California Department of Insurance. CDI said it executed coordinated arrest …
Three members of the New Jersey’s Ocean City Housing Authority board have resigned apparently because of a dispute stemming from the reimbursement of money for Superstorm Sandy repairs. Chairman Ed Price, vice chairman Stephen Lalli and commissioner Marlene Sheppard stepped …
A former Long Island Rail Road conductor has been ordered to repay nearly $295,000 in connection with the LIRR disability fraud case in New York. Christopher Parlante was a key government witness in two trials that ended in convictions of …
ACE Group has expanded its web-based portal to provide coverage for U.S.-based religious organizations and educational institutions, whose employees, students and volunteers travel internationally. The portal, www.ACEAdvantage.NET, provides a streamlined process for rating, quoting, binding, and issuing of the ACE …
Specialty insurer RLI Corp., based in Peoria, Ill., announced that Jennifer Klobnak, vice president, risk services, has been promoted to senior vice president, risk services. The RLI Risk Services Group provides underwriting, pricing, reserving, operations and risk modeling solutions and …
Galveston Insurance Associates, located in Galveston and Friendswood, Texas, has joined the Insurors Group LLC, an alliance of independent insurance agents in the state of Texas. Galveston Insurance Associates (GIA) was founded in 1892 and is the oldest insurance agency …
A new report finds the U.S. Army Corps of Engineers built the New Orleans area levee system with appropriate guidelines and was generally justified when it sought waivers from those guidelines. The Advocate reports the Water Institute of the Gulf …
