When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his compensation package had nothing to do with his firm’s death in 2008. Ken Lay …
While commercial insurance prices continue to remain relatively flat for the sixth consecutive quarter, insurers using predictive modeling in their pricing and risk selection report that they were better able to hold price levels. That’s according to professional services company …
A life insurance company has reached a settlement with state regulators over discrimination in rates charged to black policyholders. A statement issued by the Texas Department of Insurance said Austin-based Citizens National Life Insurance Co. settled the complaints against two …
The parents of a slain Waterloo girl will receive $103,000 in a settlement of their wrongful death lawsuit against the city. The Waterloo-Cedar Falls Courier reported that the city’s liability insurance carrier, Travelers Co., agreed to pay Adonnis Hill and …
Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increasing to 6.3 …
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 …
A federal appeals court decertified a class of unions and insurers that accused Eli Lilly and Co. of overpricing its Zyprexa anti-psychotic drug after misrepresenting its efficacy and side effects. The U.S. Second Circuit Court of Appeals Friday also said …
President Barack Obama’s top health official is vowing “zero tolerance” for insurers that blame premium increases on the new health overhaul law. In a strong letter to the insurance lobby, HHS Sec. Kathleen Sebelius said she’s putting companies on notice …
Florida released a report yesterday listing the market share and earnings of accident and health insurers, and Blue Cross and Blue Shield of Florida, Inc. ranked first in premiums earned, with $3.9 billion in direct premiums earned in 2009. Despite …
In the entire state of Louisiana, there are only 16 of them, and they want business. They are certified wind inspectors, and for $150 to $200 they say they can knock hundreds of dollars off homeowners’ annual insurance premiums. “I …
