May 11, 2010
Allstate announced it has launched a recruitment campaign throughout the West to attract exclusive agents for 30 offices in Utah, 50 offices in Arizona, 40 offices in Nevada and 30 offices in New Mexico. Targeted areas within Utah include the …
May 11, 2010
Attorneys for Ronnie Lymas go to the Mississippi Supreme Court on June 8 hoping to resurrect a $4.1 million jury verdict vehemently opposed by dozens of trade associations and Republican Gov. Haley Barbour. Critics say Lymas is not legally entitled …
May 11, 2010
American International Group Inc. Chief Executive Robert Benmosche told employees he is confident a $35.5 billion deal to sell its Asian life insurance unit would move forward, a source familiar with the matter said. Benmosche made the comments about the …
May 11, 2010
New Jersey Insurance Commissioner Tom Considine praised new, bipartisan legislation that would grow the reinsurance market and create a captive insurance market in the Garden State. The captive insurance bill was put forward in the Assembly by Democrat Gary Schaer, …
May 11, 2010
Stubbornness, aggressive behavior and forgetfulness could be clues that an aging motorist may need to curb their driving, according to the Insurance Information Network of California. IINC is advising the insurance industry that identifying early warnings could save a life. …
May 11, 2010
For the fourth time in the last year, a Hinds County, Mississippi circuit judge has ruled against the city of Jackson in cases involving a police chase. The latest ruling comes from a lawsuit filed by a former Richland police …
May 11, 2010
As workers’ compensation premiums continued to decline in 2009, the combined ratio jumped nine points in 2009. According to recent report on the state of the workers’ comp market, the combined ratio rose to 110, compared to 101 in 2008. …
May 11, 2010
North Carolina’s insurance pool for coastal properties now has an extra financial cushion in case a major hurricane strikes. Risk specialist Guy Carpenter & Co., LLC, and GC Securities, announced the completion of a $305 million, two-class note issuance from …
May 11, 2010
A jury in Las Vegas ordered two drug companies to pay a combined $500 million in punitive damages in the first of hundreds of civil cases stemming from a hepatitis C outbreak two years ago. The Clark County District Court …
May 11, 2010
Big oil goes under the spotlight Tuesday when U.S. lawmakers grill top executives on a drilling rig explosion and oil spill that threatens an environmental catastrophe in the Gulf of Mexico. The hearings come during a desperate race against time …