Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during June 2010 included four license revocations, three license denials, and fines and restitution totaling $551,012. Copies of Geeslin’s orders may be obtained by contacting TDI’s Public Information …
Cincinnati Financial Corp. saw net income for the second quarter of 2010 rise to $27 million compared with a net loss of $19 million for the same period in 2009. Operating income for the quarter was $42 million compared with …
Insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market, according to the latest Power Market Review from Willis Limited. Foremost among …
A new study by four Connecticut state agencies has found no elevated health risks from artificial turf sports fields made with crushed rubber, but it recommends ventilation of indoor turf fields. The $245,000 study tested for 200 chemicals at four …
The Connecticut Supreme Court said state Attorney General Richard Blumenthal cannot publicize confidential business documents obtained under subpoena in an antitrust probe, prompting him to say he might try to have the ruling overturned. Monday’s unanimous decision reversed a Feb. …
Ruling by Supreme Judicial Court Overturns a Century’s Worth of Bay State Case Law In a decision that changes nearly a century’s worth of case law, Massachusetts highest court has ruled that property owners can be held liable for snow-related …
AAA has named current company president Paula F. Downey CEO of AAA Northern California, Nevada and Utah and its insurance affiliate, the California State Auto Group. According to the company, Downey is the only female chief executive among top property/casualty …
Giant insurance broker, Aon Corp., said it will resume taking contingent commissions from insurers where they are permitted – reversing its policy on the controversial compensation just six months after a legal settlement banning the volume-based payments was lifted. In …
The Connecticut Insurance Department said it recovered $591,000 last quarter for insurance buyers who complained to the state about coverage and claims issues. Department staff received 1,761 new complaints or inquiries from consumers in the second quarter, a slight uptick …
Connecticut-based managing general underwriter Target Insurance Services has named Mark Diette as senior vice president in charge of business development. Diette, who will also lead one of Target’s soon to be released professional liability programs, is a 30-year industry veteran. …
