Layoffs at AIG’s 21st Century Insurance subsidiary were not big enough to require the company to warn Delaware officials. The WARN Act requires employers to give notice of mass layoffs to the state and employees. The AIG unit employs about …
The Delaware House has passed a bill prohibiting discrimination based on sexual orientation. The bill approved Thursday covers discrimination in housing, employment, public works contracting, public accommodations, and insurance. It faces an uncertain future in the Senate, where similar measures …
A federal judge in Delaware has sentenced a former AIG employee who stole nearly $500,000 over four years to a year and a day in prison Stacey Baisden, who pleaded guilty to mail fraud last year, apologized in court Wednesday. …
The Insurance Brokers and Agents of the West (IBA West) installed the association’s new officers and directors. The following will serve in 2009: President Richard E. Dinger of Crescenta Valley Insurance, who is the association’s youngest president; President-Elect: Kevin M. …
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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Bermuda-based ACE Bermuda Insurance Ltd. and ACE Tempest Reinsurance Ltd. Best also affirmed the FSRs of ‘A+’ (Superior) and …
A.M. Best Co. has removed the ratings from under review with negative implications and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Utah-based Great Western Insurance Company, but has assigned them a negative …
Target Markets Program Administrators Association, Wilmington, DE. With keynote speaker Ben Stein commenting on the current state of our economy, and John Amore (CEO General Insurance, Zurich Financial Services) providing an outlook on the state of the insurance industry, the …
Once seen as a sinecure, the reward for a lifetime of achievement, the job of a board director has become decidedly less appealing. As the economic crisis deepens and investors suffer one blow after another, it is not just activists …
Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance program. Taylor’s proposal — the Multiple Peril Insurance Act of 2009– …
