California Insurance Commissioner Steve Poizner, responding to a dramatic proposed rate hike by WellPoint’s California affiliate, Anthem Blue Cross, has called on WellPoint executives to postpone the rate increase, allowing the California Department of Insurance proper time for an independent …
Toyota Motor Corp said it is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems as it seeks to address criticism over the handling of its worst safety crisis. The world’s largest automaker …
It’s illegal in Kansas for someone under 18 to drive or ride a motorcycle without wearing a helmet, and teenagers can be ticketed if they’re caught doing so. Now, a new Senate bill proposes adults face penalties, too — if …
A successful conclusion to the Doha round of global trade talks is still possible in 2010, but would need an injection of political energy, World Trade Organization (WTO) head Pascal Lamy said on Tuesday. A summit of leaders from the …
Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering a market for difficult to place property risks with competitive pricing and flexibility. They will write: older homes with no age limit, seasonal/ vacation rentals, vacant, woodstoves, wood and flat …
Marsh announced that Eleni Petros has been appointed as a Senior Vice President in its Financial and Professional (FINPRO) Practice in London. She specialises in Directors’ and Officers’ (D&O) insurance for the financial and professional services sector and will report …
New York regulators are expected to release new rules tomorrow that require agents to disclose to clients some aspects of their compensation, although the rules are more palatable to agents than previous proposed regulations, according to an agents’ trade group. …
Bermuda-based AXIS Capital Holdings Limited reported net income for the fourth quarter of 2009 of $282 million, or $1.87 per diluted common share, compared with net income of $131 million, or $0.88 per diluted common share in Q4 2008. Net …
Toyota owners should place safety first and follow the car manufacturers’ instructions regarding the recalled vehicles, insurers say. After the recall of some 8 million Toyota vehicles, insurers are urging vehicle owners not to hesitate on contacting Toyota dealers. “If …
Travelers has promoted Bill Cunningham to executive vice president of its Business Insurance segment effective March 1. Cunningham began his career with Travelers in 1987 in Commercial Accounts and has held a number of positions of increasing responsibility, including leadership …
