With plans to pass sweeping health care reform stalled in Congress, the White House is targeting smaller efforts to improve the nation’s health care system, such as increasing use of cheaper, generic medicines and boosting electronic medical records. The Obama …
Louisiana Commissioner of Insurance Jim Donelon has named Lori Joubert Cherry to serve as Deputy Commissioner of Public Affairs where she will manage the department’s public relations activities. Her appointment was effective Jan. 25, 2010. Cherry has worked as a …
A controversial regulatory filing detailing the federal bailout of American International Group Inc. could put the spotlight back on the former executive who headed the division most responsible for the insurer’s near collapse in September 2008. The five-page filing raises …
European insurance regulators need a little more time to thrash out a compromise on rules for annuity providers that UK insurers fear could force them to raise up to £50 billion ($81 billion) of capital. Regulators want insurers to put …
Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. Who are you? What do you really think about your career? About your industry? About the older agents …
In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up. But 2010 may be just as tough, said …
Most current employees at the financial products unit of American International Group Inc. eligible for money owed them under a retention plan told the company they would accept less money in return for an earlier payout, a source familiar with …
Corpus Christi independent insurance agent and former Texas Windstorm Insurance Association chairman, Lloyd L. Grove Jr., passed away Jan. 24 at the age of 81. Throughout his 50-year career Grove was actively involved in windstorm insurance issues and was the …
Hurricane Ike, which struck Galveston on Sept. 13, 2008, has proved to be the costliest weather catastrophe in Texas history by a large margin. The storm racked up nearly $12 billion in windstorm and flood insurance claims in the state. …
Workers’ compensation costs per claim for injured workers in Minnesota are among the lowest of 15 states, according to a new study by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass.-based WCRI found that total costs …
