Senator Kirsten Gillibrand (D-N.Y.) is proposing a federal law that would force grocery stores to notify shoppers about food recalls. Gillibrand said Sunday that under her bill, stores that sell recalled food would be required to post notices in the …
Insurer ACE will pay $1.1 billion to acquire the outstanding common stock of Iowa-based Rain and Hail Insurance Service Inc., the second-largest crop insurance underwriter in the U.S. and Canada. ACE already owns roughly 20 percent of Rain and Hail’s …
Protective Life Corporation, of Birmingham, Ala., today announced that its principal subsidiary, Protective Life Insurance Company, has signed an agreement to acquire United Investors Life Insurance Company from Liberty National Life Insurance Company for a purchase price of approximately $316 …
The ACE Group announced that it has “received approval from Malaysia’s financial regulator, the Minister of Finance, through Bank Negara Malaysia, to acquire Jerneh Insurance Berhad, a general insurance company that is majority owned by Jerneh Asia Berhad, an investment …
Healthy Texas, a statewide public/private partnership established by the 81st Legislature, provides a new health insurance option for small employers in Texas, the Texas Department of Insurance announced. Eligible employers that purchase coverage for employees and their dependents through an …
Despite ongoing issues and a multitude of adversarial stakeholders, the state of the workers’ compensation system in Texas is “pretty good,” according to the head of the state division with regulatory oversight of the system. “I don’t know any line …
For some Ohioans, the memory of Hurricane Ike is only surpassed by the damage it caused last Sept. 14 as it made its way across the Buckeye State packing winds at speeds equal to a Category 1 hurricane (up to …
Doctors and hospitals upset with the way Montana’s proposed workers’ compensation overhaul would send less money their way believe they can persuade business and labor interests to change a carefully crafted compromise that has been three years in the making. …
State Compensation Insurance Fund today announced it earned $143 million in net income in 2009, up from $75 million for the prior year. In its 2009 Annual Report, the company noted it has an increase of $161 million in policyholders’ …
Florida Chief Financial Officer Alex Sink today announced the arrest of Aylin Hernandez, 23, of Miami, for fraudulently diverting mail and stealing payments intended for Citizens Property Insurance Corporation. Hernandez was arrested this morning and booked into the Turner Guilford …
