Allstate Corp. said recently that growth in premiums and stronger property-liability underwriting helped the insurer increase second-quarter profit by 5 percent. The nation’s largest publicly traded home, car and life insurer reported net income of $1.21 billion (euro970 million), or …
A lawyer for Deputy Insurance Superintendent Joe Ruiz said late last month he believes his client has been fired, hours after a Public Regulation Commission official issued a vague statement saying he had taken action “regarding a personnel matter.” Deputy …
Illinois Attorney General Lisa Madigan recently convened the first-ever Illinois Identity Theft Summit. The goal of the summit was to bring representatives from law enforcement, the court system, government, business and consumer advocacy groups together to brainstorm about how to …
A former managing director of a subsidiary of Credit Lyonnais plead guilty to four felony counts of causing the bank to make false statements to the Federal Reserve Bank. Jean-Francois Henin, 62, of Paris, entered his plea in federal court …
Louisiana Commissioner of Insurance Jim Donelon, Governor Kathleen Blanco and Allstate President Thomas Wilson met July 31 at the company’s headquarters in Northbrook, Ill., in an attempt to resolve a dispute over the company’s threat to end wind and hail …
The U.S. Army Corps of Engineers has withdrawn its endorsement of levees protecting parts of Sacramento, reversing a 1998 evaluation that has facilitated a construction boom in the Natomas area. In a letter released to The Associated Press, the Corps’ …
Oklahoma Attorney General Drew Edmondson reported that the former claims director for CompSource Oklahoma is accused of one count of workers’ compensation fraud in a Multicounty Grand Jury indictment unsealed in July in Oklahoma County District Court. According to the …
Colorado employees are likely to see their workers’ compensation costs remain unchanged for 2007. State Insurance Commissioner David Rivera said the National Council on Compensation Insurance will not be filing for any changes in the workers’ comp insurance loss costs …
100 The number of federal lawmakers from both parties that asked the Federal Deposit Insurance Corp. to put a hold on the efforts of various U.S. companies, including Wal-Mart, to open banks. Federal bank regulators halted for six months any …
A lack of fences around backyard pools and lapses in adult supervision are some of the reasons Idaho ranks fourth in the nation in drowning deaths per capita, a medical doctor says. “Almost 80 percent of children who drown, drown …
