World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next month to avoid damaging the flow of finance to the global economy. While governments have cracked down on …
Meadowbrook Insurance Group Inc., the insurer that had its rating cut this month by A.M. Best, said it received a waiver from lenders after violating two financial covenants. The waiver is effective until Sept. 20 and allows the company to …
Hailstorms that struck Germany at the end of July may have caused as much as $2 billion in damage, catastrophe modeler AIR Worldwide said on its website. Damages from the storms, which pounded northern and southern areas of the country, …
A jury in one of New York’s most conservative counties recently returned a $130 million verdict in a medical-malpractice case, the second-largest in the state’s history. Lawyers for the losing hospital decried a “jury out of control” and called for …
Federal Emergency Management Agency says more than 100 Bowers Beach property owners may have to pay more for flood insurance and could lose coverage if the town doesn’t fix longstanding deficiencies in its program. FEMA announced on Aug. 22 that …
The Travelers Companies said it plans to discontinue its participation as a Write-Your-Own (WYO) company in the National Flood Insurance Program. Travelers is selling its WYO policy renewal rights interest to American Bankers Insurance Company of Florida (ABIC), part of …
The New York State Workers’ Compensation Board said it is launching a broad-based business process re-engineering project (BPR) designed to “significantly improve” the experience of injured workers and employers in the New York workers’ compensation system. The Workers’ Compensation Board …
The Texas Windstorm Insurance Association (TWIA) announced it is now offering its Texas Windstorm Insurance Association Underwriting Basics Workshop online. This course, which is open to insurance agency personnel, has been approved by the Texas Department of Insurance for four …
Consumers who filed complaints with the Missouri Department of Insurance received $10.1 million in additional claim payments from their insurance companies in the first half of 2013, the department said. That’s nearly twice the amount consumers received at this time …
As more states prepare to offer driving privileges to immigrants who illegally entered the U.S., heavily Hispanic New Mexico appears headed in the other direction. An Associated Press review of state records shows New Mexico is issuing fewer driver’s licenses …
