Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have time to pursue his favorite pastime – sailing – but he …
Connecticut Insurance Commissioner Thomas Sullivan has resigned from his position as the Nutmeg State’s top insurance regulator. Sullivan, a former executive at The Hartford, was appointed as the state’s commissioner in 2007 by outgoing republican Gov. M. Jodi Rell. The …
Yes, You Can “They said, ‘Yes, we have that authority.’” —Elaine Skorich, an assistant attorney general in West Virginia praising a state Supreme Court ruling upholding the authority of West Virginia’s mine safety office to suspend coal miners. The decision …
New Insurance Products Cover Risks Created by New Laws and Regulations The federal government’s crackdown on fraud and errors in Medicare and Medicaid is raising liability issues for firms that specialize in managing claims and billing for these programs – …
AIM, Quincy Mutual A.I.M. Mutual Insurance Cos. and Quincy Mutual Group will join forces to create the Commercial Solutions Underwriting Alliance, a business arrangement designed to meet the commercial lines product needs of small to medium-sized employers in Massachusetts A.I.M. …
$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 …
Project Engineer Defeats Suit Brought by Unsuccessful Bidder The online Urban Dictionary defines a “sore loser” as “someone who loses in a fair competition but whines about it on a constant basis, blaming everyone around them for their loss except …
Authorities say a central New York convenience store’s surveillance cameras caught a man purposely pouring soda on the floor and then faking a fall so he could file an insurance claim against the business. State Insurance Department officials said that …
The National Association of Insurance Commissioners (NAIC) elected Louisiana Insurance Commissioner James J. Donelon as Secretary-Treasurer for 2011. Donelon is presently serving on the Executive Committee of the NAIC and is chairman of its Surplus Lines Task Force. He will …
The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said that its political action committee, InsurPac, distributed more than $1.7 million in the 2010 campaign cycle resulting in a 93 percent congressional victory rate. In the …
