Highlands Insurance Group Inc. of Lawrenceville, N.J. announced it has begun Chapter 11 bankruptcy proceedings along with five of its non-insurance subsidiaries in the United States Bankruptcy Court for the District of Delaware. The company and its debtor subsidiaries will …
The National Association of Independent Insurers (NAII) is urging the Texas Supreme Court to review and overturn a lower court ruling requiring personal automobile insurers to pay diminished value under the terms of an insurance policy. In the case of …
Copart, Inc. announced that it has opened its second auction facility in the state of Missouri in the southeast section of Springfield along Interstate 60. Willis J. Johnson, Copart’s CEO stated that, “The new facility will allow us to better …
The Hospital & Healthsystem Association of Pennsylvania (HAP) hailed House passage of a state Senate bill that would limit the practice of venue shopping by plaintiff attorneys, which seek to have medical malpractice liability cases tried in counties with histories …
State legislatures in more than the required 29 states recently met reciprocity requirements for producer licensing laws under the Gramm/Leach/ Bliley Act. The National Association of Insurance Commissioners (NAIC) approved the states’ certification during a recent interim conference call, beating …
State legislatures in more than the required 29 states recently met reciprocity requirements for producer licensing laws under the Gramm/Leach/Bliley Act. The National Association of Insurance Commissioners (NAIC) approved the states’ certification during a recent interim conference call, beating the …
Minnesota Commerce Commissioner Jim Bernstein has charged United American Insurance Company (UAIC) of Delaware with numerous alleged violations of insurance law pertaining to the sale and marketing of Medicare Supplement policies to hundreds of Minnesota seniors. UAIC and several of …
The National Association of Insurance Commissioners (NAIC) announced a long- term partnership with Aithent Inc. to develop a state-of-the-art Web-based system that will automate regulatory functions for state insurance departments. This software will provide the foundation for a new NAIC …
S&P’s revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a finding of insolvency against the company on July 11, 2002. Before …
S&P’s revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a finding of insolvency against the company on July 11, 2002. Before …
