During the Texas Department of Public Safety’s Roadcheck 2010, which ran from June 8 through June 10, DPS troopers inspected 6,906 commercial vehicles. Twenty-five percent of them, or 1,738, were placed out of service because they were found to have …
Overall risks facing the European insurance sector may not have significantly increased in the first half of 2010 but they have changed in their nature, the European Union’s insurance watchdog said on Tuesday. “For the next twelve months, some risks …
CNA Financial Corp. has opened a new branch office in Los Angeles to extend the company’s geographic footprint and enable closer proximity to its agents, brokers and customers. “Our new Los Angeles branch is a tangible symbol of our strategy …
In a recently published report Standard & Poor’s Ratings Services said that it believes “underlying underwriting performance in the U.K. non-life insurance industry has come under increasing pressure from margin erosion.” The report, “Price Rises Give Cause For Cautious Optimism …
More than 45,000 Ohioans will receive a refund or credit from Community Insurance Co., also known as Anthem, according to Insurance Director Mary Jo Hudson. The Ohio Department of Insurance alleges that Anthem has been charging consumers rates for health …
The former head of the American International Group unit that precipitated a $182 billion bailout pledge from taxpayers stood by a 2007 proclamation that the insurer would not lose even a dollar on a portfolio of securities that included subprime …
The Automobile Club of Southern California has submitted an application to the state Department of Insurance to offer an insurance program that rewards California drivers who voluntarily drive fewer miles with lower auto insurance rates. The voluntary pay-as-you-drive initiative allows …
Hurricane Alex strengthened in the Gulf of Mexico early Wednesday and was expected to make landfall later in the day but skirt Mexican oil rigs and U.S. oil fields, alleviating concerns in crude markets. The first named storm of the …
The future of the National Flood Insurance Program (NFIP) remains in limbo even as Hurricane Alex makes its way to the Texas coast today. Washington lobbyists say a vote could come today but if that doesn’t happen it could be …
BP payout should far exceed what Exxon spent on Valdez The company’s $20 billion fund may not be enough Accountability may take years if not decades to assess Many federal laws allow civil, criminal liability From a legal perspective, BP’s …
