The Montana state auditor’s office has reached a settlement with an employee who left the office last year after accusing Deputy Auditor Walt Schweitzer of illegally soliciting political contributions from co-workers. Under the agreement with Auditor Monica Lindeen, Laura McGee …
A.M. Best Co. has assigned a financial strength rating of B+ (Good) and an issuer credit rating of “bbb-” to Ellington Mutual Insurance Company (Ellington) of Hortonville, Wis. The outlook assigned to both ratings is stable. The ratings reflect Ellington’s …
Law enforcement agents from Britain and Iceland searched the premises of Icelandic insurer Exista HF on Tuesday in a probe related to the trading of shares in other companies. The company said Tuesday its offices in Reykjavik were searched by …
The Kansas Insurance Department (KID) reported that a former Kansas City-area insurance agent has been convicted on federal charges of insurance and mortgage fraud, and handed a 15-year jail term. Investigators from the KID Anti-fraud Division provided federal authorities with …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has paid the Government of Haiti US $7,753,579 following the Magnitude 7.0 earthquake which struck close to Port-au-Prince on January 12, causing damage of catastrophic proportions. The payment is the “full amount due …
Political and financial instability remain a feature of the business landscape as a result of the recession, according to Aon Risk Services, the global risk management and insurance brokerage business of Aon Corp. The company launched its 17th annual Political …
Michigan lawmakers took a key step this week toward prohibiting the use of cell phones to send or read text messages while driving, but some say the measure is watered down and wouldn’t do enough to crack down on distracted …
President Barack Obama’s comments on increasing trade and doubling exports to boost the U.S. economy go in the right direction, the head of the World Trade Organization said on Thursday in Davos. Pascal Lamy, director-general of the WTO, told reporters …
A prolonged soft market coupled with the worst economic period since the Great Depression as well as uncertainty related to national health care reform, caused insurance brokerage buyers and sellers to struggle with how to effectively carry out their growth …
Traffic fatalities in New York City fell to the lowest level last year in nearly a century. Mayor Michael Bloomberg said Wednesday there were 256 traffic deaths in 2009, the fewest since records started being kept in 1910. One category …
