U.S. market regulators have closed an investigation of American International Group and some of its executives over the giant insurer’s near collapse in 2008 that led to a $182 billion government bailout, two sources with knowledge of the matter said …
The National Alliance recently presented 24 scholarships to National Association of Insurance Women (NAIW) members at its 69th Annual Convention held in Arlington, Va. The CIC, CRM, CISR, and CSRM scholarships were awarded at a special recognition ceremony at the …
The White House offered an explanation Wednesday of how its new independent claims process would work for those harmed by the BP oil spill, including details of a $20 billion escrow account funded by the British oil giant. NEW DAMAGE …
Progressive Insurance has reported 5 percent increases in both net premiums written and earned in May 2010 compared with May 2009, but net income dropped by 19 percent in May 2010 compared with the same month in the previous year. …
West Virginia House Speaker Rick Thompson wants the state to delay workers’ compensation premium increases for volunteer fire departments. BrickStreet Mutual Insurance Co. announced the premium increases in May. Thompson says he’s concerned that many volunteer fire departments can’t afford …
San Francisco could soon start requiring retailers to post notices showing how much radiation is emitted by the cell phones they sell. The Board of Supervisors voted 10-1 to give preliminary approval to the ordinance, which would require stores to …
Vicksburg officials hope to attract one or more taxi companies as the city prepares to relaunch local cab service. The city has been without taxi service for nearly a year. Jim Stirgus Jr., president of the recently re-formed Vicksburg Public …
Laurie Zangwill-Infantino, former president of the Insurance Skills Center (ISC), has formed a new consulting firm, Insight Insurance Consulting. Insight Insurance Consulting will focus on professional development for agents and brokers, as well as insurance companies, staff and their clients. …
Florida Chief Financial Officer Alex Sink was in the middle of a dramatic confrontation at a BP oil spill claims office Tuesday after going to bat for a distraught owner of a bait and tackle shop. Sink, who is a …
The Gulf of Mexico oil spill will cost Mississippi’s coastal counties nearly $120 million in lost tourism and service industry revenues this summer season, even though the state’s beaches have not been hit by crude, say researchers at the University …
