Ohio Department of Insurance Director Mary Jo Hudson has suspended the business of Chesapeake Life Insurance Company (Chesapeake) in Ohio for failure to file premium rates and forms for open enrollment coverage in accordance with and within the time period …
British insurance company Aviva PLC has agreed to buy all the shares in River Road Asset Management of Louisville, Kentucky. Aviva did not say what it is paying for the company, which has gross assets of $6 million and $3.6 …
The Trustee for the WCI Chinese Drywall Trust has filed suit against 14 insurance companies in U.S. District Court, Eastern District of Louisiana, seeking indemnification for losses arising from claims for the development and sale of homes allegedly containing defective …
Boca Raton-based Florida Peninsula Holdings has agreed to acquire another Florida property insurer, Edison Insurance Group, including its two subsidiaries, Edison Insurance Co. and Edison Insurance Underwriters. The company said state regulators approved the deal on Dec. 31 but it …
An insurance company is fighting a claim on a Madison County, Ill., house that exploded last year, blaming a female occupant for the blast. Madison Mutual Insurance Co.’s lawsuit in Edwardsville asks a judge to not require it to pay …
According to the latest figures compiled by the Association of British Insurers (ABI), trade credit insurers paid out a record amount in claims in the third quarter of 2009. The total amount paid in claims was £125 million ($200 million), …
The New York State Insurance Department has ordered insurers Homesite Insurance Co. and Security Mutual Insurance Co. to offer to reinstate at total of 260 homeowners’ policies across the state. Regulators say the insurers improperly cancelled or non-renewed the policies. …
Home insurer Magnolia Insurance Co. has been placed under administrative supervision by Florida insurance regulators who said it is in unsound financial shape and its president, H. James Irl, has resigned. The Coconut Grove-based insurer voluntarily agreed to the supervision, …
Among the many recommendations made by Louisiana’s Commission on Streamlining Government in its Dec. 14 report to the state legislature is one that would phase out the state’s property insurer of last resort. The commission advised that governance of Louisiana’s …
Nebraska – never seen as a key player with special needs in the health care debate – stands to reap millions of dollars worth of financial goodies should the Senate version of the health care bill get final approval. Not …
