U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away those estimates. That could add …
Texas Insurance Commissioner Mike Geeslin has announced that he will not seek another term as head of the Texas Department of Insurance. His term ends Feb. 1, 2011. Geeslin has been with TDI for eight years, and has served as …
Bermuda-based Renaissance Reinsurance Ltd. has been approved to participate in Florida’s property reinsurance marketplace with modified collateral requirements. In 2007, Florida lawmakers passed legislation that authorized the Office of Insurance Regulation to establish lower collateral requirements for non-United States based …
Eighty-five South Carolina homeowners who live on the coast are the latest recipients of grants to help them strengthen their homes against storms. Scott H. Richardson, state insurance commissioner, said the SC Safe Home awards went to homeowners living in …
Ohio Department of Insurance Director Mary Jo Hudson has announced her resignation effective Jan. 10, 2011. Her final work day will be Jan. 7. “I am proud of the many changes that we have implemented over the past four years …
American International Group’s protracted sale of its Taiwan unit was further complicated Tuesday when a local company proposed buying a stake in the insurer, an offer that may please regulators but runs counter to AIG’s plans. AIG has been trying …
Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens including the the workers’ compensation industry in 2010, as they did in 2009. Robert Hartwig, president of the Insurance Information Institute, …
Republicans in the U.S. House of Representatives plan to pass a bill next week to repeal President Barack Obama’s overhaul of the U.S. healthcare system, a senior party aide said Monday, but the effort is widely expected to fail in …
The U.S. coal industry had its deadliest year in nearly two decades in 2010, with much of the death toll stemming from a single explosion. As of last week, 48 miners had died in the nation’s 1,500 coal mines over …
The head of Illinois’ workers’ compensation commission is calling for an investigation of nearly $10 million paid out in claims to more than half the staff of a southwestern Illinois prison over the past three years. The Belleville News-Democrat reported …
