Former Treasury Secretary Henry Paulson admitted on Thursday the United States was ill-prepared for the financial crisis that struck in 2008 and said he had not foreseen the depth of mortgage-related problems. The gravel-voiced former Goldman Sachs head said he …
Seven New Jersey residents have been charged with insurance fraud and related charges for lying to police that their cars had been stolen in order to collect insurance money, the New Jersey Attorney General’s office said. Indicted in the scheme …
The U.S. Senate’s debate on Wall Street reform shifted Thursday to a running battle over consumer protection and an impending challenge to Federal Reserve secrecy, with small banks also scoring a win. In the second day of voting on the …
Wisconsin Gov. Jim Dolye has signed legislation banning drivers from sending text messages while driving. Wisconsin joins Iowa, Kentucky, Michigan, Nebraska and Wyoming as the states to pass laws that ban all drivers from sending text messages this year, according …
San Francisco, Calif.-based agency network ISU International has expanded into Texas with the addition of ISU Tom Stewart Insurance located in Katy, Texas. As a member of the ISU Network, ISU Tom Stewart Insurance Agency gains the marketing tools, carrier …
The Missouri Department of Insurance has a new online resource dedicated to the unique insurance needs of small businesses. The new Web section lists factors to consider when buying insurance coverage for company cars, buildings and liability, as well as …
Louisiana will borrow $320 million next year for state construction projects, far less than needed to fulfill the billions of dollars in requests from lawmakers and state agencies, the governor’s top budget adviser said. The construction budget bill submitted by …
The Ohio School Plan (OSP), a group that provides insurance and risk management solutions to Ohio public school entities and boards of developmental disabilities, approved the decision to include community colleges into their membership. The OSP also has specialized risk …
New Mexico Insurance Superintendent Morris Chavez announced he will resign, saying he and his family have been the targets of “sad and derogatory” online comments in the wake of a contentious health insurance rate case his office recently settled. Chavez …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Partners Mutual Insurance Company (Partners) of Waukesha, Wis. The negative outlook reflects Partners’ …
