Gov. M. Jodi Rell has appointed an acting insurance commissioner, days before the state’s insurance department is scheduled to hear a request for rate increases from one of Connecticut’s major health insurers. Rell’s office confirmed that Barbara C. Spear, who …
A federal judge on Friday heard arguments in the case of a medical marijuana user claiming a Michigan Wal-Mart store wrongfully fired him after testing positive for the drug. U.S. District Judge Robert Jonker in Grand Rapids said he will …
The U.S. property/casualty personal lines insurance industry remains financially sound despite the weak economy and prolonged soft, though improving, pricing environment, Moody’s Investors Service says in its new Industry Scorecard report. “While some companies reported marginal or even negative premium …
Nebraska Gov. Dave Heineman has appointed Bruce Ramge of Omaha to serve as the director of the Nebraska Department of Insurance (DOI). He has served as acting director since October 30, and has served as deputy director of the department …
The Arizona Senate will add three more committees under a postelection reorganization by majority Republicans. Senate President-designee Russell Pearce announced appointments for chairmanships of 15 committees, up from 12 currently. The new committees include one for Banking and Insurance. Another …
$2.4 Billion American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring and …
In what’s being called “a major victory for insurance agents and brokers,” the California Office of Administrative Law has approved Department of Insurance plans to repeal certain portions of its privacy regulations. The recent action should make it easier for …
Republicans made big gains across the United States – and the Midwest was no exception – in the November 2 midterm elections. Across the country, GOP gains gave the party its largest number of seats in state legislatures since the …
5.2% The amount of rate increase the California State Compensation of insurance has filed for with its 2011 rates. In addition to the increase, State Fund is expanding the merit rating range for accounts $25,000 and above in premium to …
Ohio Mutual, Casco Indemnity Ohio Mutual Insurance Group (OMIG) agreed to acquire N.E. Corp. and its wholly-owned subsidiary Casco Indemnity Co., a property and casualty insurer located in Saco, Maine. The transaction is expected to be completed by the end …
