The Obama administration asked the full U.S. Court of Appeals in Washington to reconsider a three- judge panel’s ruling that customers on the federal marketplace authorized by the healthcare overhaul are ineligible for subsidies to buy insurance. “The text, structure …
The Treasury Department has named 21 individuals including state regulators, insurance executives, college professors and consumer advocates to serve as members of the Federal Advisory Committee on Insurance (FACI). The FACI provides advice to the Federal Insurance Office (FIO), which …
The emerging need to develop new insurance products to cover California’s Transportation Network Company operators has spurred a reexamination of the nature of Proposition 103’s quasi-constitutional status. In the name of populism, 1988’s Prop. 103 inserted unwieldy, naïve and vague …
The head of the Federal Emergency Management Agency has asked an independent watchdog to examine whether the flood-insurance program is shortchanging Superstorm Sandy victims. Administrator Craig Fugate testified before a subcommittee chaired by Sen. Robert Menendez (D-N.J.) on Wednesday. The …
Conner Strong & Buckelew, an insurance brokerage and consulting firm with headquarters in Marlton, N.J., and Philadelphia, hired Philip Glick as senior vice president and Mary Jo McWilliams as vice president and consultant. Glick will be responsible for generating new …
The Hanover Insurance Group Inc. in Worcester, Massachusetts, said Thursday its 2014 second quarter net profit rose to $82.6 million, a 54.7 percent increase from $53.4 million profit during last year’s second quarter. The second quarter operating income was $58.4 …
State regulators have rejected a motion by ride-sharing service Lyft for a stay on a pending cease and desist order against the company. The Albuquerque Journal reported that the New Mexico Public Regulation Commission unanimously declined Wednesday to issue a …
Houston and Harris County officials have been flooded with thousands of emails from BP and its employees over the past few weeks encouraging them to drop a lawsuit over the 2010 Deepwater Horizon Oil Spill. Some have speculated the emails …
The Business Owners Confidence survey for the first half of 2014 indicates that Chicago-area mid-sized business owners are taking Obamacare in stride and expect limited effects of national and state efforts to raise the minimum wage. The survey, jointly conducted …
Fairfax Financial Holdings Ltd said Quebec’s securities regulator was investigating the company, Chief Executive Officer Prem Watsa and President Paul Rivett for possible illegal insider trading or tipping. Fairfax disclosed the information late on Thursday in its second-quarter financial statement. …
