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Calif. Department of Insurance Reducing Licensing Fees 6%

The California Department of Insurance announced it will be implementing a 6 percent licensing fee rate reduction on July 1, 2010, including the fees paid by more than 300,000 liensed insurance agents, brokers and adjusters. The cost of renewing a …

Key Senator Reports Compromise Reached on U.S. Patent Reform

Leading U.S. lawmakers have reached a tentative agreement to reform the nation’s patent system, according to Senator Patrick Leahy, chairman of the Judiciary Committee and a leader in the effort. Leahy did not provide details of the compromise on Thursday, …

Golden State Mutual Policies To Be Transferred to IA American Life Insurance

To protect policyholders, Golden State Mutual Life Insurance Co. has entered into a letter of intent with IA American Life Insurance Co. to negotiate a reinsurance agreement to transfer all in-force insurance policies of Golden State Mutual, the California Department …

State Farm Follows ‘Lose-One, Write-One’ Policy in Mississippi

State Farm gave consumers one part of its policy change when it announced eight months ago it would resume issuing insurance policies in Mississippi. What the company didn’t say is it is writing policies on a lose-one, write-one basis. So …

Suit Alleges Connecticut Plant Ignored Safety Procedures

Two workers injured in a power plant explosion filed a lawsuit Monday alleging that proper safety procedures were not followed, and an attorney said that included live electricity running through the site, workers welding and a gas-fueled torch heater running …

Pay Czar Struggles to Rework Bonuses at AIG, Other Bailed-Out Firms

The Obama administration’s pay czar said his attempts to renegotiate valid pay contracts at bailed-out companies, particularly insurer AIG, has been a “unique challenge,” according to testimony released Wednesday. Kenneth Feinberg, a Washington lawyer appointed by President Barack Obama last …

Obama Officials Say Health Plan Has Republican Ideas

Republicans should find things to like in President Barack Obama’s healthcare reform plan because they were taken from Republican bills or have been advocated by Republicans, the president’s top healthcare reform officials said Thursday. In an opinion piece for The …

Obama Hopeful, Republicans Wary as Healthcare Summit Takes to Airwaves

President Barack Obama launches a last-ditch bid to salvage his stalled healthcare overhaul Thursday at a televised summit that could offer more potential for political theater than problem solving. After months of heated battle over healthcare reform in the Congress, …

CNA Inland Marine Medical Equipment Product Available in All States

CNA’s Inland Marine Medical and Scientific Equipment product is now available in all states and Washington, D.C. The product covers medical and scientific equipment that has a specific location or is moved from site to site. Covered equipment includes MRI …

Insurance Network of America Adds Yeakel to Professional Services Unit

Insurance Network of America, a national insurance broker headquartered in Austin, Texas, announced it continues to strengthen its law firm insurance and risk mitigation presence with the addition of Anne R. Yeakel to its Professional Services Practice. Yeakel will head …

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