U.S. lawmakers hammered out a historic overhaul of financial regulations as dawn broke over the nation’s capital Friday, handing President Barack Obama a major domestic victory on the eve of a global summit devoted to financial reform. In a marathon …
After years of doing business exclusively though wholesale brokers, United States Liability Insurance Group (USLI) is expanding its distribution to work directly with retail insurance agencies. “We are expanding our distribution to include retailers on a selected basis,” Chairman, CEO …
A U.S. Senate-House of Representatives panel has completed a bill overhauling financial regulation. It must now win approval in each chamber before it can go to President Barack Obama to be signed into law. Here is a brief look at …
The Schultz fire burning in Arizona near Flagstaff has incurred up to $5 million in claims to date, according to the latest National Interagency Coordination Center Incident Management Situation Report. To date, 14,800 acres have burned, and the fire is …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the UK’s Brit Insurance Limited (BIL). Best also affirmed the ICR of “bbb” of Brit Insurance Holdings N.V. (BIHNV), based …
International specialty insurer, ACE Global Markets (AGM), has opened a new U.S. Political Risk and Credit operation based in Los Angeles. The office will serve the West Coast region and will be is headed by Ray Tizabi as its new …
Google Inc. won a landmark victory over media companies as a Manhattan federal judge threw out Viacom Inc.’s $1 billion lawsuit accusing the Internet company of allowing copyrighted videos on its YouTube service without permission. Viacom claimed “tens of thousands …
Every independent insurance agency wants to find and keep good talent, but how exactly do you do that? Paul Saich, CEO of Thoits Insurance in San Jose, Calif., has a plan. His company developed a formalized program about 14 years …
Massey Energy Co. has been fined more than $6,000 for mostly minor safety violations found during an investigation of the nation’s deadliest coal mining disaster in 40 years, according to the federal Mine Safety and Health Administration. The fines are …
Louisiana Governor Bobby Jindal has designated another $5 million – for a total of $10 million – of the $25 million block grant provided by BP to Attorney General Buddy Caldwell’s office to support expenses incurred as a result of …
