The Washington Department of Ecology is receiving $800,000 from a settlement agreement, which will be used to advance cleanup of the former Lilyblad Petroleum site on the Tacoma tide flats. Ecology is one of three parties receiving money from the …
Florida’s chief financial officer had some harsh words for the state’s top insurance regulator. CFO Alex Sink told Insurance Commissioner Kevin McCarty that she was insulted that a report in response to a request for information she made two weeks …
The Massachusetts Appeals Court has ruled an insurance company must pay the government for its remaining losses from a $9.4 million theft from the Treasury in the late 1990s. The theft remains the largest loss of state money in Massachusetts …
The New Jersey Department of Banking and Insurance can legally implement a fee schedule for doctors who treat patients with injuries covered through Personal Injury Protection (PIP) coverage, a New Jersey Court has ruled. The fee schedule, which some doctors …
The debate over reforming the U.S. health care system has zeroed in on one main target: insurance companies. Democrats and the Obama administration plan to spend August battling to win popular support to expand health care coverage as the insurance …
Delaware-based Rockwood Programs has announced enhancements to its “Rockwood Defender” MGA/Program Administrator E&O Program. Rockwood is now offering limits of up to $15 million, and enhancements such as a Defense Outside endorsement and flexibility to provide terms to large wholesale …
Jeff Korte has been named director of the Special Investigative Unit for Litigation Solutions. Korte will manage unit, which offers SIU Programming, State Compliance & Reporting and other services for property casualty insurers and other carriers. Korte is a former …
Warren Buffett’s Berkshire Hathaway Inc. posted its best quarter in nearly two years, as recovering stock markets boosted the value of its equity investments and derivatives bets. Operating earnings for the second quarter nevertheless fell short of forecasts, reflecting lower …
Reno, Nev.-based Employers Holdings Inc. reported second quarter net income of $20.3 million compared with $27.4 million in the second quarter of 2008, a decrease of $7 million. Net income includes amortization of the deferred reinsurance gain related to the …
American International Group, Inc. (AIG) reported its first quarterly profit since the third quarter of 2007, reflecting stabilization in some of its businesses and positive valuation changes. AIG, which received $180 billion of federal bailouts, said it also achieved several …
