Newly-elected Democratic governors in Massachusetts, New York and Maryland are expected to name their own insurance commissioners, although the identity of any successors is unknown at this time, according to insurance industry insiders. Industry representatives are optimistic that the new …
UnumProvident Corp. disability insurance company has ended what New York Attorney General Eliot Spitzer called deceptive practices and secret payments to brokers, according to a $15.5 million settlement announced this week. UnumProvident, based in Chattanooga, Tenn., agreed to pay restitution …
$1.2 million The number of motor vehicles thefts nationwide in 2005. That’s about 416.7 motor vehicles stolen for every 100,000 inhabitants. $7.6 billion The estimated total property losses due to motor vehicle theft in 2005. That’s an average of $6,173 …
$1.2 million The number of motor vehicles thefts nationwide in 2005. That’s about 416.7 motor vehicles stolen for every 100,000 inhabitants. $7.6 billion The estimated total property losses due to motor vehicle theft in 2005. That’s an average of $6,173 …
John Tiner, the head of the U.K.’s Financial Services Authority, warned U.K. brokers that, unless the market comes up with a solution on the issue of disclosing brokers’ commissions, the FSA would be “taking a look at mandating” one in …
Spitzer’s Republican opponent for governor called the action proof of “the phony nature of many cases pursued by Eliot Spitzer.” News Currents New York Attorney General Eliot Spitzer has dropped two of six civil charges against former American International Group …
Marsh & McLennan cutting 750 jobs Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs. Marsh & McLennan, which has struggled …
6,000 The number of personal and commercial policyholders along the Texas coast expected to be affected by State Farm Insur-ance Company decision to stop renewing policies for properties within 2,500 feet of coastal waters or bays, on barrier islands or …
New York Attorney General Eliot Spitzer has dropped two of six civil charges against former American International Group CEO Maurice “Hank” Greenberg and another former executive of the company, according to a Spitzer attorney. Greenberg’s legal team said that “the …
Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs. Marsh & McLennan, which has struggled with profitability since it changed operating …
