Government News

California Commissioner Hopeful: Assemblyman Dave Jones

On November 2, Californians will select a new insurance commissioner, charged with regulating the fourth-largest insurance market in the world at about $160 billion. Assemblyman and Democrat Dave Jones recently shared why he has the experience to tackle such topics …

Zurich Makes Senior General Insurance Sector Executive Appointments

Zurich Financial Services Group announced key appointments within its General Insurance (GI) segment, which, it said, were “related to the ongoing review of the GI business, which is part of a Group-wide initiative to clarify accountability, focus on responsibility and …

Tight Market Drives Australian Companies into Deals Abroad

Cash rich Australian companies are being forced to search offshore for takeover targets as the small local market has become too consolidated to get deals past the competition watchdog. With the Aussie dollar at a 28-year high, now would be …

U.N. Urged to Freeze Climate Change ‘Geo-engineering’ Projects

The United Nations should impose a moratorium on “geo-engineering” projects such as artificial volcanoes and vast cloud-seeding schemes to fight climate change, green groups say, fearing they could harm nature and mankind. The risks were too great because the impacts …

Cincinnati Insurance Co. Enters Connecticut

The Cincinnati Insurance Co., the lead property/casualty subsidiary of Cincinnati Financial Corp., will begin writing business in Connecticut through Rose & Kiernan Inc., an independent insurance agency serving Danbury, Conn. The agency is a branch of Rose & Kiernan Inc. …

Judge Bars New York City From Hiring New Firefighters

A federal judge has barred New York City from hiring new firefighters after criticizing its handling of a discrimination lawsuit against the fire department. Judge Nicholas Garaufis (GEHR’-ah-fuhs) said Tuesday his permanent injunction would be lifted if the city agreed …

Louisiana Agent Told to Stop Selling Insurance

A West Monroe agent was served by the Louisiana Department of Insurance Fraud Section investigators with a cease and desist order, license revocation and $5,000 fine notice for alleged misappropriation. Jennifer Dianne Jerkins, 30, was terminated from an insurance company …

California Commissioner Hopeful: Assemblyman Mike Villines

The election for California Insurance Commissioner is a weighty one. The person selected will be in charge of regulating the approximately 1,500 insurance companies doing business in the state. Assemblyman and Republican Mike Villines recently shared his views on workers’ …

New Mexico Insurance Division Receives Consumer Assistance Grant

The New Mexico Public Regulation Commission’s Division of Insurance will get $226,000 in federal funds to bolster consumer assistance efforts at the regulatory agency. The grant, which was made available through the Department of Health and Human Services’ (HHS) Office …

Colorado Insurance Commissioner Recognized for Consumer Advocacy’

Colorado Insurance Commissioner Marcy Morrison has received the Excellence in Consumer Advocacy award, presented by the National Association of Insurance Commissioners (NAIC) Consumer Representatives, at NAIC’s national meeting in Orlando, Fla. Commissioner Morrison was recognized for her work on behalf …