Hawaii News

AIG Pays $12.5M to Settle with States Over Bid-Rigging Allegations

American International Group, Inc. (AIG) confirmed today that it has reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and questions about undisclosed contingent commissions paid to brokers. Under the …

Calif. High Court Rules Employers Can Fire Workers Using Medical Marijuana

Employers can fire workers found to have used medical marijuana even if it was legally prescribed, the California Supreme Court ruled last Thursday, dealing the state another setback in its standoff with U.S. law enforcement. The high court upheld a …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Personal Lines Insurance Agents E&O Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is …

My New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Kidnap and Ransom Coverage Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is offering …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Personal Lines Insurance Agents E&O Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is …

It Figures

$62,000 Los Angeles-based Farmers Group Inc. announced it gave $62,000 to the La Jolla Band of Mission Indians to help rebuild after the Southern California fires of 2007. Farmers Executive Vice President of Field Operations Jerry Carnahan said over half …

Hawaii Gov. Pushes Insurance Reforms

In her State of the State address to state legislators this week, Hawaii Gov. Linda Lingle outlined 180 proposals she is urging lawmakers to support, including a number of measures that would affect the insurance industry and policyholders. Lingle’s proposals …

Arkansas Wants More Time to Comply with REAL ID Law

Arkansas officials have asked for more time to implement post-Sept. 11 rules for new driver’s licenses. States face a May 11 deadline to comply with the REAL ID regulations, but Arkansas has requested a waiver. “Due to the delay in …

U.S. Releases New Disaster Response and Recovery Plan

The Department of Homeland Security (DHS) has released a comprehensive plan for what the country must do to have a more effective and unified response and recovery in disaster situations. DHS said that the new plan, called the National Response …

Fitch Affirms AIG, Subs ‘AA’ Ratings

Fitch Ratings has affirmed American International Group’s Issuer Default Rating (IDR) at ‘AA’ and affirmed its ratings on all of AIG’s insurance subsidiaries at the same level. The rating outlook is stable. See below for a complete list of the …