Two years after her 18-year-old daughter died from a rare genetic condition during plastic surgery, Joanne Kuleba can talk about her without crying. The devastating sadness has been replaced by new emotions: Anger. Frustration. Determination. While she has settled a …
Markel, Hiscox Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed, but the companies said it would close the transaction by October 1. The …
Insurance agents and brokers want the California State Compensation Insurance Fund to change its broker of service policy and instead recognize broker of record (BOR) letters. While the policy not to recognize BOR letters is not new, the Alliance of …
About 2,700 injured workers in California may not receive the workers’ compensation benefits they are entitled to because the state has not yet passed its budget. According to Susan Gard, chief of legislation and policy for the California Division of …
American International Group Inc. need not make payments to some former Bernard Madoff clients who said their homeowner insurance policies entitled them to coverage for alleged losses, a judge ruled. Two California residents, Robert and Harlene Horowitz, had alleged $8.5 …
The U.S. financial bailout will cost less than $50 billion, the Obama administration said Thursday, slashing a prior estimate by more than half on the back of a new plan to sell the government’s stake in insurer American International Group. …
European Union finance ministers met on Friday in a fresh attempt to agree a common approach on taxing banks as well as to grill credit rating agencies about how they arrive at their ratings. Three years since the onset of …
It’s official: the federal flood insurance program will be around for at least one more year. President Obama yesterday signed into law S. 3814, the bill that will extend the National Flood Insurance Program (NFIP) until Sept. 30, 2011. Without …
A key trade group for insurance agents in New York is lauding a proposal by regulators to reform the coastal homeowners insurance market in the state. The Independent Insurance Agents & Brokers of New York (IIABNY) called the proposed reforms …
The Independent Insurance Agents & Brokers of America (the Big “I”) announced that Randy Lanoix of Donaldsonville, La., has been installed as the newest member of the association’s executive committee. Lanoix is president of Lanoix Insurance Agency in Lutcher and …
