U.S. lawmakers moved Tuesday to force release of documents that may show whether the New York Federal Reserve pressured insurer AIG to limit discussions about payments to banks when current Treasury Secretary Geithner led the New York Fed. The Democrat …
Fort Lauderdale, Fla.-based Universal Insurance Holdings Inc. announced it has withdrawn its application to form and license a new Texas subsidiary, to be named Texas Platinum Property and Casualty Insurance Company, which would have written homeowners’ insurance coverage in Texas. …
Information about the American International Group bailout that regulators agreed to keep secret may reveal which banks held some of the worst performing mortgage-related securities at the time of the rescue. Reuters reported Monday that the Securities and Exchange Commission …
New York-based XL Insurance, the global insurance operations of XL Capital Ltd., has expanded its U.S. Aviation underwriting team with an aviation branch office in San Francisco and by adding to its New York-based underwriting staff. In San Francisco, Mark …
Democrats in the House struggled Tuesday to find common ground with the Senate on how to pay for a healthcare reform bill, with the differences over taxes emerging as the biggest stumbling block to a quick deal. Returning to work …
Insurance agents, a former insurance commissioner and a consumer advocate have sounded an alarm about the property insurance marketplace in Florida, a market that has seen four insurers get into financial trouble in the past year. Citing the insurers’ financial …
Citrus growers in central Florida Tuesday reported more freeze damage to their oranges from another night of freezing temperatures and said they also feared leaf and twig damage could hurt the 2010/11 crop. Citrus growers in the Sunshine State, which …
The earthquake that struck Haiti may have caused hundreds of millions of dollars in damages, according to risk assessor Eqecat, which will likely lead to losses even for insurers of well-designed buildings. Eqecat said Tuesday hours after the magnitude 7.0 …
Colemont Insurance Brokers has promoted Tara Plourde to broker in the company’s Hartford, Connecticut office. She joined Colemont in 2008. Prior to Colemont, she was a commercial lines underwriter at a standard lines carrier. Tara specializes in casualty accounts, focusing …
The insurance industry is unlikely to face large losses from a major earthquake that struck Haiti Tuesday, because many properties in the impoverished country lack insurance coverage, according to catastrophe modeler Risk Management Solutions. “The impact to the insurance industry …
