The National Association of Insurance Commissioners (NAIC) recently named 18 funded and 10 unfunded consumer liaison representatives for 2010. Seven of the funded consumer representatives participated in the program in 2009, while 11 are new to the NAIC program. Established …
Insurance broker Marsh says its main brokerage unit will not accept contingent commissions on business for U.S. or Canadian clients but its Marsh & McLennan Agency and its affinity and personal lines business units will. The decision to not accept …
Many U.S. states are worried that the health care overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced …
A Manhattan federal judge threw out a class-action lawsuit accusing Moody’s Investors Service and Standard & Poor’s of defrauding investors about the safety of $63.4 billion of mortgage debt. U.S. District Judge Jed Rakoff also dismissed some claims against Bank …
A Stamford, Conn.-based research and consulting firm has identified 10 technologies that will have the greatest impact for the property/casualty (P/C) insurance industry. Gartner Inc. said these technologies will challenge existing business processes, support the emergence of new business models …
A key legislative committee has advanced a bill that would make Connecticut’s drunken boating law conform with state drunken driving legislation. The Joint Judiciary Committee passed a bill Monday that eliminates the two-hour limit for testing a suspected drunken boater. …
A.M. Best Co. has downgraded the financial strength rating to B+ (Good) from B++ (Good) and issuer credit ratings to “bbb-” from “bbb” of Interstate Bankers Casualty Company of Chicago, Ill. The rating outlook has been revised to negative from …
American Westbrook Insurance Services, based in Westchester, Ill., has hired Greg Bell as new business development manager. Bell brings more than 10 years sales experience to his current position. He has successfully trained and managed call center staff to achieve …
Police are searching for the hit-and-run driver whose car struck and killed a Hartford Hospital employee. Police and hospital officials said the victim was crossing a street in front of a medical arts building on Saturday morning when he was …
A jury has awarded a Massachusetts couple $1.6 million in a malpractice lawsuit over the death of their son on a college basketball court. Antwoine Key, a 22-year-old senior at Eastern Connecticut State University, collapsed during a game at Worcester …
