Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout. Members of the Financial Crisis Inquiry Commission …
The U.S. Senate last night approved a temporary reauthorization of the federal flood insurance program until Sept. 30. The reauthorization of the National Flood Insurance Program (NFIP) is retroactive to June 1, the date the program was halted. The unanimous …
EPIC (Edgewood Partners Insurance Center), a retail property/casualty and employee benefits insurance brokerage, has hired Sarah Dodge as benefits technology specialist in the company’s Employee Benefits Consulting Division. Dodge adds significant benefits, human resources management system and payroll administration knowledge …
Tower Group Inc. has completed its acquisition of the personal lines business of OneBeacon Insurance Group for $167 million. The completed transaction includes the acquisition by Towers of Massachusetts Homeland Insurance Co., York Insurance Co. of Maine and two management …
Four people have been arrested in North Carolina for their alleged involvement in a series of automobile insurance fraud schemes worth more than $9,000, according to state officials. Insurance Commissioner Wayne Goodwin said each was processed at the Pitt County …
The U.S. Department of Health and Human Services (HHS) announced today the launch of a Pre-existing Condition Insurance Plan (PCIP) that will offer coverage to uninsured Americans who have been unable to obtain health coverage because of a pre-existing health …
Alan Seegrist of The Buckner Co. has been awarded Health Underwriter of the Year by the Utah Chapter of The National Association of Health Underwriters. Seegrist was selected as the recipient of this award because of his efforts and success …
The Insurance Industry Charitable Foundation (IICF) has elected David Brinkman chair of its New York Division board of directors. Brinkman, a 26-year industry veteran, is executive managing director of Aon Benfield where he co-leads its national origination team and oversees …
For independent insurance agents, upcoming healthcare reform could be an opportunity to gain a bigger share of the health insurance and benefits market, provided they can properly advise their customers about their options, according to experts. Insurance Journal is partnering …
A New Jersey grand jury has indicted a Burlington County insurance agent for pocketing payments from three clients, according to Attorney General Paula T. Dow. Lee Schaffer, of Marlton, was charged with insurance fraud, theft by failure to make required …
