News

AXA UK Report Targets ‘Whiplash’ Injuries; Urges Reform

AXA UK’s Whiplash Report, launched at a roundtable co-hosted by the Rt. Hon Jack Straw, MP for Blackburn and Chris Voller, AXA Claims Director and the report’s author, urges changes in the treatment of whiplash claims to prevent “exaggerated or …

Greenberg Lawyers Say Bernanke Testimony Key to Suit Over AIG Bailout

U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice “Hank” Greenberg’s lawsuit over the bailout of American International Group Inc., Greenberg’s lawyers said. Bernanke made key decisions about the government takeover of the insurer during the …

BP Wants Gulf Oil Spill Claim Payments to Stop Until Probe Complete

BP Plc asked a federal judge to temporarily halt payments from the court-supervised settlement program set up after the 2010 Gulf of Mexico oil spill while Louis Freeh investigates possible misconduct. BP filed its request for an emergency halt to …

Oklahoma Requiring Transparency for Interlocal Insurance Pools

Oklahoma Insurance Commissioner John D. Doak is urging school districts considering interlocal insurance agreements to be diligent about analyzing financial statements before joining an insurance pool. To that end, the Oklahoma Insurance Department (OID) has launched a new webpage to …

Alliant Insurance Services Promotes Hagemeier to Executive VP

Specialty insurance brokerage firm, Alliant Insurance Services, has promoted senior vice president Todd Hagemeier to executive vice president and managing director of Alliant Healthcare Solutions, the firm’s national healthcare practice. He is based in Dallas. Hagemeier, who joined Alliant in …

Oklahoma’s Gooszen & Associates Joins SIAA

The Strategic Insurance Agency Alliance (SIAA) announced it signed a new member agency based in Oklahoma during the month of June. Gooszen & Associates Insurance of Oklahoma City, Okla., is among 25 new member agencies that signed with SIAA during …

Texas-Based LevelFirst Adds Harris as Senior Broker

LevelFirst, a wholesale insurance broker and managing general agency based in Dallas, Texas, announced that Lawana Harris has joined the firm as a senior broker. Harris brings 27 years of insurance experience, with 12 of those in excess and surplus …

Iowa Egg Farms Settle Suit Over Salmonella Recalls

The Iowa egg producers blamed for a 2010 salmonella outbreak have settled a lawsuit brought by a California distributor that lost profits from the foodborne illnesses and the resulting product recalls, court records show. Quality Egg and Hillandale Farms reached …

N.J. Post-Sandy Buyout Offers Start in South River, Sayreville

New Jersey is making the first post-Hurricane Sandy buyout offers to South River and Sayreville homeowners this week, Governor Chris Christie said.The state plans to spend $39 million of federal funds on the first 129 homes, Christie said in South …

MTA Plans Catastrophe Bond Sale Linked to Storm Damage, S&P Says

The Metropolitan Transportation Authority plans to use bonds designed to help New York City’s subway operator guard against storm surge damage after suffering $4.8 billion in wreckage from Hurricane Sandy.The largest U.S. transit agency will buy protection from MetroCat Re …

News Archives by Month