Rumors that California is considering selling the State Compensation Insurance Fund to help close the state budget gap are true, but government officials said the idea has amounted to no more than discussion at this point. Gov. Arnold Schwarzenegger’s Administration …
Independent agents in Massachusetts have charged that Progressive Insurance, which began selling auto insurance online in the state May 1, is skirting state regulations and misleading consumers with its Web site quoting program. The Massachusetts Association of Insurance Agents (MAIA) …
Woodruff-Sawyer and Co., ranked #16 in the Insurance Journal Top 100 Independent Agencies, continues to grow, handling complex commercial risks here in the U.S. and in foreign countries. Since the agency’s founding 90 years ago, it has kept things simple …
Insurance equity analysts expect a significant increase in property/casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts surveyed said they anticipate a “significant increase” in …
As the insurance industry moves forward to improve its business performance it must also manage the challenges of a recession. Special challenges for the property/casualty insurance industry in the upcoming year include the inability to meet revenue forecasts, declining operating …
The world can reach a significant new climate change pact by the end of 2009 if current talks keep up their momentum, the head of the United Nations climate panel said on Sunday. The United Nations began negotiations on a …
The European Union must be firm in World Trade Organization trade talks despite the global rise in food prices, a German official was quoted as saying on Sunday. “Due to the food crisis, we could face new demands,” Bernd Pfaffenbach, …
The Zurich Financial Services Group has opened the Zurich Insurance Company Singapore branch, which becomes operational today, May 5, 2008. It will provide a full scope of insurance services to corporate and commercial customers based in Singapore and across South …
The Patrick Administration announced an agreement in the 2008 workers’ compensation rate-setting proceeding that will save Massachusetts businesses $11 million. The new rates average to a 1 percent reduction per employer and mark the ninth time rates have decreased since …
The nation’s lobbyists spent $17 million for every day that Congress was in session, watchdog group says Corporations, industries, labor unions, governments and other interests spent a record $2.79 billion in 2007 to lobby in Washington, the nonpartisan Center for …
