Five former insurance executives tied to American International Group face up to life in prison under a financial manipulation scheme. The potential lengthy prison terms are the result of a federal judge’s ruling that AIG shareholders lost more than $500 …
A possible ban on text messaging while driving is being explored by city officials in Austin, Texas, according to a newspaper report. The city of Austin’s public safety task force approved a resolution Nov. 3 that the city council ask …
New York regulators have fined five units of The Travelers Cos. Inc. a combined $50,000 for paying commissions to an unlicensed insurance agency in New York. The fines were paid as part of a legal stipulation signed last month, and …
Westbrook, Connecticut-based The Gowrie Group of Cos. has named Whitney Peterson vice president of marketing. Peterson will direct marketing activities for all of the Gowrie Group. Her initial efforts will focus on active brand positioning, increasing customer awareness of the …
Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector. M&A Activity: Despite the current equity markets, activity in the P/C insurance …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Eliminate Forced Placed Coverage Market Detail: John-Galt (SafetyNet) introduces a new insurance product eliminating force-placed …
The family of a 19-year-old who died in a drunken driving accident is suing the hosts of a Madison party where the driver had been given alcohol. The family of Kirsten Meyer, killed in a drunken driving crash after a …
A Bristol, Connecticut insurance broker says he’s filling in as the Republican candidate in the 76th Assembly District race to honor the original candidate who apparently took his own life last week. David L. Norton says he’s not in the …
For many East Coast homeowners, the difficulty lies not in finding insurance, but paying for it. And that so-called affordability problem affects nearly every state along the coastline. Given their recent history with hurricanes, Gulf Coast states like Florida and …
Connecticut Insurance Commissioner Thomas R. Sullivan reports that his agency has recovered more than $1.4 million in the third quarter from settling consumer complaints. It is the highest recovery total for the department in six consecutive quarters. On average, the …
