The California Department of Insurance (CDI) announced it has has recovered $112.1 million for consumers through consumer complaint investigations and market conduct examinations of insurance companies. The $112 million is believed to be the most money recovered in California Department …
Scant ice over the Arctic Sea this winter could mean a “double whammy” of powerful ice-melt next summer, a top U.S. climate scientist said Thursday. “It’s not that the ice keeps melting, it’s just not growing very fast,” said Mark …
The Hanover Insurance Group has asked state insurance regulators for permission to shut down two of the three property insurance companies it operates in Louisiana and shift about half of the affected 15,500 policyholders to another company. Under the proposal, …
Torus Insurance announced that Louis Scott has joined its Power & Utilities team in London with immediate effect. He will report to Global Head of Power & Utilities, Ben Wilson, working closely with the now ten-strong team, five of which …
Most Massachusetts insurance agents who were appointed as exclusive representative producers (ERPs) under the state’s previous insurance regime have obtained voluntary contracts with insurers or have merged with other agencies as a result of the new, managed competition system, said …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit rating on Berkshire Hathaway Inc. (BRK) to ‘AA+’ from ‘AAA’. S&P also lowered its financial strength ratings on BRK’s core insurance operations to ‘AA+’ from ‘AAA’. Concurrently, S&P removed …
February 7 — Super Bowl XLIV Sunday — may be the most hyped-up day of the year for football fans, and it’s also the most exciting day of the year for many pizza parlors that see record sales that day. …
Mississippi Gulf Coast policyholders are well aware a hurricane is guaranteed to hike insurance rates, but fewer realize their credit reports also are factored into homeowner and automobile insurance premiums. Consumers who have suffered financial setbacks because of the economy …
On a 2-1 vote, the U.S. Chemical Safety Board yesterday recommended that national fuel gas codes be changed to improve safety when gas pipes are being purged of air during maintenance or installation of new piping. The federal recommendations came …
Insurance giant Liberty Mutual Insurance is suing nine former employees and their new employer, Bermuda-based Aspen Insurance Holdings, alleging they have plotted to steal professional liability insurance business from its Liberty International Underwriters unit. The suit, filed Feb. 1 in …
