Westfield, Ohio-based banking and insurance organization, Westfield Group, has selected Edward J. Largent III to succeed James R. Clay as company leader, president and CEO. The transition will occur July 1. Clay will remain as chairman of the board until …
Missourians can now purchase sinkhole coverage through the FAIR Plan, the Missouri Department of Insurance reported. The plan started issuing the standalone Sinkhole Loss policy earlier this year to supplement an applicant’s primary coverage. The FAIR Plan coverage will insure …
A change to the state system for paying medical bills and lost wages for injured workers in Kansas has some fearing big lawsuits and others looking forward to cost savings. On Jan. 1, the state began rating injuries using an …
An insurance company that owns structures next to a downtown Younkers, Iowa, building ravaged by fire last year has a filed a lawsuit against the building’s owners and the companies responsible for its renovation. In the lawsuit, EMC Insurance alleges …
Missouri insurance regulators announced a $1.2 million settlement agreement with nine AIG affiliated insurance companies after a market conduct examination into the companies’ handling of workers’ compensation insurance. During the course of the examination, the department found that AIG insurance …
Minnesota and Michigan both are confronting significant problems with scammers defrauding auto-insurance systems they perceive have relatively soft defenses. Minnesota faces a surge in organized fraud rings that fleece auto insurers with large and fake injury claims. The state needs …
The U.S. Federal Aviation Administration plans to unveil new steps soon to make it easier for companies to use drone aircraft for specific business operations, according to people with knowledge of the matter. Commercial drone flights are generally banned in …
The Obama administration issued the first federal regulations for fracking since the drilling technique fueled a domestic energy boom, requiring extensive disclosures of the chemicals used on public land. After years of debate and delay, the Bureau of Land Management …
American International Group Inc. shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. U.S. District Judge Laura Taylor …
