The Kansas Insurance Department reports that it helped consumers recover more than $15 million through resolution of disputes with insurance companies in 2009. This is the second time in three years the department has topped the $15 million figure. The …
The ACE European Group has appointed Iain Ainslie to the role of Technology and Cyber Liability Underwriter. ACE said the appointment underscores its “commitment to enhancing its service offering and presence in this sector.” Ainslie will be based in London …
Two prominent U.S. lawmakers Friday called for U.S. Treasury Secretary Timothy Geithner to testify to help determine if the New York Federal Reserve Bank improperly influenced insurer AIG to withhold information on its payments to banks after a government bailout. …
Health insurance lobbyists are pushing lawmakers to eliminate caps on profits and other administrative spending and delay a hefty, industry-wide tax under the massive healthcare reform legislation being finalized in Congress. Health insurers, which include companies such as Aetna Inc., …
North Dakota Insurance Commissioner Adam Hamm says drivers in his state are still paying among the lowest auto insurance premiums in the nation, according to the “Auto Insurance Database Report 2006/2007” recently issued by the National Association of Insurance Commissioners. …
The New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to banks after getting a $180 billion government bailout, emails released Thursday showed. The email exchanges, between the New …
The Department of Financial Services helped recover over $22 million for Florida’s insurance consumers in 2009, according to officials. The $22 million represents an increase from $14 million recovered in 2008. Florida CFO Alex Sink said one recent success story …
A legal watchdog group has asked a court to order U.S. securities regulators to cough up records showing they implemented promised reforms following their failure to detect Bernard Madoff’s massive Ponzi scheme. In a lawsuit filed Wednesday in federal court, …
Baton Rouge, La.-based LUBA Workers’ Comp policyholders’ claims fell more than 4 percent in 2009 compared with 2008. The company said several of the top categories of accidents dropped as well. Slips, trips and falls – the single biggest category …
Hundreds of people who canceled a cruise vacation booked though Florida travel agents because of illness say the insurer didn’t pay. Health News Florida reports that Florida’s Department of Financial Services began its investigation into Prime Travel Protection Services a …
