Government News

Zurich Posts $1.2 Billion Q3 Operating Profit; $751 Million Net Income

Zurich Financial Services Group reported a business operating profit of $1.2 billion and net income of $751 million for the third quarter. “Global Life and Farmers supported the Group’s profitability by delivering ongoing top-line growth coupled with strong profit margins,” …

Republicans Gain Control in State Houses

Republicans were not only victorious in the U.S. House but also in state houses across the country. Tuesday night’s GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …

Dems Lose Seats, Keep Control of Arkansas Legislature

Democrats still hold the majority in the Arkansas General Assembly, but Republicans made historic gains in the House and picked up at least seven seats in the Senate. Republicans entered Tuesday’s election with 28 seats in the 100-member House. They’re …

Illinois Voters Approve Governor Recall Amendment

With one ex-governor in prison and another convicted of a felony, Illinois voters decided Tuesday that they want the power to rein in future governors. Voters approved a constitutional amendment that gives the public limited power to recall unpopular governors. …

New Jersey Ex-Assemblyman Gets 5 Years for Child Pornography

The former chairman of the New Jersey Assembly’s insurance committee has been sentenced to five years in prison for distributing child pornography. Former Assemblyman Neil M. Cohen, of Paramus, has also been barred from any public employment or elected office, …

GOP Adds Governorships in Midwest

Midwestern states were among those that added to Republican gains in governor’s offices across the country on Nov. 2. Iowa, Kansas, Michigan, Ohio and Wisconsin are among the states that voted to replace Democrats in their governors’ offices with Republican …

American Claims Management Expands Business Relationship With Starr Indemnity

San Diego, CA, 11/04/10 – American Claims Management, Inc. (ACM) announced an expansion in its business relationship with Starr Indemnity & Liability Company (Starr Indemnity), a wholly owned subsidiary of Starr International Company USA, Inc. Effective October 1, 2010, ACM …

5,000 Coloradoans File Complaints Against Insurers

Nearly 5,000 formal complaints from more than 26,000 consumer inquiries on insurance questions have been filed by Coloradoans with the state Division of Insurance. According to the DOI’s annual report on “Complaints Against Insurers,” more than $12 million was restored …

Western National Insurance Purchases Umialik Insurance

Western National Insurance Group of Edina, Minn., has signed a definitive agreement for the purchase of 100 percent of the stock of Anchorage, Alaska-based Umialik Insurance Co. from UkpeaÄ¡vik Iñupiat Corp. The purchase is subject to the completion of due …

Lloyd’s to Open Russian Office

Lloyd’s announced that it will open a representative office in Russia next year. The bulletin indicated that a “dedicated country manager will enable Lloyd’s to better understand and explore opportunities in the Russian market; however the office will not be …