A top U.S. regulator said on Tuesday that transatlantic trading requirements for derivatives were likely to vary somewhwat but that the differences should be kept to a minimum. The United States has approved a reform of Wall Street which requires …
The Independent Insurance Agents & Brokers of America (the Big “I”), named J. Michael “Mike” Miley as the new chairman of the association. Mike Donohoe was named as the chairman elect, Bobby Bramlett as vice chairman and Randy Lanoix as …
The sagging economy took a toll on California’s covered work force and payroll in 2008, but the California workers’ compensation system remains the largest in the United States, accounting for more than 1 out of 9 covered workers, more than …
Calif. Gov. Arnold Schwarzenegger has signed legislation – AB 1597 authored by Assemblyman Dave Jones to maintain California’s innovative auto insurance program for low-income Californians with good driving records. The California Low Cost Auto Insurance program (CLCA), which was set …
A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $350 million 6.25 percent senior unsecured notes due 2020 of Delaware-based Alterra Finance LLC. The senior notes are fully and unconditionally guaranteed by Alterra Capital Holdings …
In a decision that some legal observers found surprising, the Tennessee Supreme Court has reversed precedent and made it easier for workers to sue their employers when they believe they were fired illegally. The court ruled 3-2 last week that …
Maryland’s highest court has upheld a state law that limits the amount of money people can receive for suffering in lawsuits. Judges on the Court of Appeals ruled against the parents of a 5-year-old boy who drowned at a Crofton …
Eight of nine individuals alleged to have produced, bought, or sold counterfeit proof of insurance cards for motor vehicles have turned themselves in as the result of warrants executed by the Arkansas Insurance Department. The charges were filed as a …
Animal lovers won’t get relief navigating insurance policies for their pets after Gov. Arnold Schwarzenegger vetoed a bill requiring greater disclosure. The Republican governor vetoed legislation that would required insurance companies to provide more information about the level of veterinary …
Insurers are blasting a proposal by New York regulators to reform the state’s coastal homeowners insurance market, a plan one exec called “a solution in search of a problem.” “The insurance industry is scratching it head,” said Ellen Melchionni, president …
