Minnesota Governor-Elect Mark Dayton has appointed Ken Peterson to head the Department of Labor and Industry. Peterson brings public service experience to the position, including serving the last DFL Governor, Rudy Perpich, in the same position. Peterson was the executive …
A federal judge in Louisiana recently let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from those claims. The early Christmas gift to …
Perhaps never before has a U.S. Congress done more and been liked less than the one controlled by President Barack Obama’s Democrats that ended Wednesday. It wrapped up its two-year legislative cycle with a crush of action in its final …
In choosing Ernst & Young as his target in the aftermath of the Lehman Brothers collapse, New York Attorney General Andrew Cuomo filled what looks destined to be a permanent gap in regulators’ responses to the debacle. It has been …
The Ohio workers’ compensation system is by all accounts in much better shape than it was in the dark days of 2007, when the Ohio Bureau of Workers’ Compensation was embroiled in a series of investment scandals. The recent successes, …
In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up, said Kevin Baker of San Jose, Calif.-based Suhr …
Peoria, Ill.-based RLI Corp. announcedthat it will acquire Contractors Bonding Insurance Co. (CBIC) through an acquisition of its holding company, Data and Staff Service Co. (DSS) for approximately $137 million in cash. The acquisition is subject to regulatory approval and …
An Oklahoma state representative says he’s prepared to introduce legislation to further improve the state’s workers’ compensation system. Rep. Mark McCullough says the recent recommendations of the Task Force on Vocational Rehabilitation in Workers’ Compensation will be introduced as legislation …
During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on it. “Somebody came by, grabbed the umbrella and broke …
U.S. health insurance companies that want to increase premiums by 10 percent or more next year would face tougher government scrutiny under new rules proposed Tuesday. The rules, called for under the sweeping healthcare law passed in March, would require …
