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 …
Beginning Nov. 1, 2010, paper renewals will no longer be available to non-resident producers and agencies operating in Indiana, the Indiana Department of Insurance announced. Currently, around 80 percent of non-resident producers and agencies renew their licenses electronically. The department …
A judge refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion of federal bailouts. Monday’s ruling by U.S. District …
Californians might have more reason to retrofit their homes to better withstand a major earthquake, thanks to a recently adopted building code for retrofitting existing structures. The standard, approved in August by the state Building Standards Commission is the first …
American International Group Inc. and the U.S. government are moving closer to a deal on how the Treasury Department would exit its investment in the bailed-out insurer, sources familiar with the situation said on Sunday. The situation, however, is still …
Hughes-Gibb, the specialist bloodstock, livestock and aquaculture division of Willis Group Holdings, announced that it is expanding its services to clients in agri-business. Broadening its expertise to include Crop and Forestry, the wholesale broker has appointed Julian Roberts as leader …
The House of Representatives joined the Senate yesterday in approving a one-year reauthorization of the nation’s flood insurance program. The measure, S. 3814, will extend the National Flood Insurance Program (NFIP) until Sept. 30, 2011. The measure now goes to …
U.S. health insurers should be able to exclude most federal taxes, but not all, in calculating spending rates to meet new healthcare law requirements, an insurance advisory group has proposed. Under a draft plan released Thursday, insurers would be allowed …
