Five years since the December 2004 Sumatra Indonesia Tsunami k illed 230,000, the United States has acclerated preparation for a potential tsunami along the U.S. coastline and built partnerships for an international warning program, according to the National Oceanic and …
The Michigan Office of Financial and Insurance Regulation (OFIR) has ordered a Florida man who is not licensed to sell insurance in Michigan to stop all insurance related activity in that state. The OFIR says Richard Chengerian, through an advertisement …
“Since insurance rates were partially deregulated in 1995, the California workers’ compensation insurance market has been very volatile. For reasons that go beyond price deregulation, there have been dramatic swings in insurers’ underwriting profits and the share of coverage written …
Dallas-based The Republic Group (Republic) reports that A.M. Best Company has affirmed the rating of “A-” (Excellent) for each of the group’s companies. In addition to affirming the group’s current financial strength, A.M. Best assessed its outlook as “stable”. The …
XL Capital announced that Clayton S. Rose, a Professor of Management Practice at the Harvard Business School and a former executive of J.P. Morgan & Co., has joined the Company’s Board of Directors. While at J.P. Morgan, Rose headed each …
Des Moines, Iowa, has been named “America’s best city to do business,” according to an annual survey by MarketWatch. Des Moines beat cities such as Washington D.C., Omaha, Neb., and Minneapolis/St. Paul in the survey that compared economic strength and …
QBE European Operations (QBE EO), the specialist business insurer, announced its purchase of the brand and renewal rights of the Evergreen portfolio from MSP Underwriting Limited, the Lloyd’s underwriting agency, which is owned by Munich Re. “Brokers consistently rate Evergreen …
Jefferson Parish, Louisiana, President Aaron Broussard has placed his embattled top aide, Tim Whitmer, on paid leave. Broussard told The Times-Picayune he placed Whitmer on leave pending an investigation into newly disclosed deals between Whitmer’s insurance brokerage and parish contractors. …
Arkansas Insurance Commissioner Jay Bradford has cautioned that a scam operation that has sold fraudulent health insurance in Oklahoma and Connecticut is now targeting Arkansans. A company called American Trade Association is apparently illegally offering health insurance plans via unsolicited …
The Illinois Department of Insurance reports that some Illinois residents have received letters, printed on fake insurance department letterhead, advising recipients that their “automobile insurance policy is cancelled,” and that their “Driver’s License and/or License Plate’s will be suspended within …
