Mississippi Insurance Commissioner Mike Chaney is prepared to sue the federal government to stop the flood insurance rate hikes triggered by a recent reform law, but it remains to be seen if he can move forward because the state’s attorney …
Bothell, Wash.-based Vertafore has named Alex Lintner president and CEO. Linter will be joining Vertafore on Oct. 7, and he will also be joining the board of directors. Lintner’s appointment is part of a managed executive transition, which has been …
The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, landed its biggest victory yet in fulfilling a pledge to force wrongdoers to admit guilt. As part …
A former code enforcement officer in Natchez has been sentenced to two years’ probation for insurance fraud. The Natchez Democrat reported that 58-year-old Willie B. Jones was sentenced this past week by Circuit Judge Lillie Blackmon Sanders. Sanders also ordered …
A federal judge has scheduled a hearing next week on Greyhound Bus Lines Inc.’s motion to throw out a lawsuit related to a 2008 accident in south Mississippi. Megan Clancy sued Greyhound in Jackson County Circuit Court on July 6, …
Swiss Re Corporate Solutions announced the expansion of its Marine insurance presence in Continental Europe through the formation of a dedicated underwriting team in Paris. The new unit officially started operations in September, offering Cargo and Hull insurance products to …
A federal judge accepted a Halliburton Co. unit’s guilty plea to destroying tests conducted on cement work connected to the BP Plc-owned well that exploded in 2010, setting off the Gulf of Mexico oil spill. Officials of Halliburton Energy Services …
The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers’ CEO Jay Fishman explained his company’s personal auto strategy at the Barclays Capital Global Financial Services Conference in New York last week. …
Insurer Prudential Financial Inc. said on Thursday that U.S. regulators had voted to designate the company as systemically risky, bringing it under stricter regulatory oversight. A group of regulators known as the Financial Stability Oversight Council had been weighing whether …
An earthquake with a preliminary magnitude of 5.8 struck Fukushima Prefecture in Japan early Friday morning, Kyodo reported, quoting the Japan Meteorological Agency. No tsunami warning has been issued, the news agency said. The focus of the quake was around …
