American International Group Chief Executive Edward Liddy is inching toward several more asset sales, has plans for a trio of initial public offerings, and expects the financial products unit to be a much smaller problem by year-end. Unlike the growth …
National insurer Progressive Commercial has expanded its truck insurance offerings to include liability coverage for truckers involved in coal hauling. Liability coverages for coal hauling truckers and businesses have been typically only available through smaller and regional insurers, according to …
Two Connecticut legislative committees have endorsed a proposal giving people with certain medical conditions the right to use employee bathrooms in private businesses. Several lawmakers say they have concerns about the bill, though, including potential liability to companies, their insurance …
Most states, including California and Florida, are failing to adequately discipline doctors who are practicing substandard medicine, according to the latest annual ranking of state medical boards by the watchdog group Public Citizen. For the first time since Public Citizen …
Dan F. Agnew, president and CEO of Iowa-based Grinnell Mutual Reinsurance Company, will be inducted into the Iowa Insurance Hall of Fame on May 21, 2009. The induction ceremony will take place at the Olmsted Center on the Drake University …
Editor’s Note: The following commentary originally was addressed to Thomas Feyer with New York Times in response to an opinion expressed by Tom Wilson, CEO of Allstate, advocating federal regulation of insurance.. Contributing to the current economic volatility have been …
Rating organization A.M. Best Co. reported that its ratings and outlook of the property/ casualty subsidiaries of American International Group, Inc. (AIG) remain unchanged following the company’s announcement of the acceleration of its restructuring and rebranding of its global property/ …
The New York state Insurance Department said it wants information from Allstate Corp. on its participation in unregulated insurance markets. The agency also said Allstate officials must report anything they know about other insurance companies that conducted unregulated writing of …
Why Trying to Time Earthquake Coverage Purchase Is Like Trying to Time the Stock Market Ask anyone who has been impacted by the recent volatility of the stock market, and they will tell you that it’s almost impossible to time …
Life-Changing Tornado “I had more insurance than I thought I did.” —Bill Lant, owner of Lant’s Country Feed Store in Seneca, Mo., says an EF-4 tornado that swept through Newton County, Mo., on May 10, 2008, changed his life. The …
