A study from Aon UK warns that “insurers may reduce the amount of capital they’re willing to commit to the food industry in Q4 2009 and into 2010. Only companies that can evidence a constructive and proactive approach to understanding …
The Connecticut Supreme Court reinstated a lawsuit Wednesday brought by the owners of a dump truck involved in a fiery crash in Avon in 2005 that killed four people and injured 11 others.In its decision, the high court overturned a …
The Missouri Department of Insurance reported that a leader in the U.S. foodservices market has become licensed as a captive insurance company, the result of a new state law making the captive formation process easier. The department said it has …
A Connecticut jury has awarded $15 million to automobile repair shop owners in their lawsuit accusing an affiliate of The Hartford Financial Services Group of unfair trade practices. The Stamford Superior Court jury this week found in favor of the …
No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurers must redouble efforts to root out fraud, abuse and …
A Chancery Court Judge in Cook County Illinois has halted a state insurance department order that prohibited a medical liability insurer from writing new business in the state. On Oct. 22, Illinois Director of Insurance Michael McRaith suspended the operations …
Bailed out insurer American International Group Inc’s global property-casualty division, Chartis, has not seen an exodus of employees because of pay limits imposed by Washington, the unit’s chief financial officer said on Thursday. Robert Schimek praised AIG Chief Executive Robert …
Craig Sparks, president of Union Standard Insurance Group in Irving, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT). Sparks, whose term as AFACT president runs for two years, says the industry faces …
Switzerland’s largest banks and insurers will have to defer the bulk of managers’ bonuses and better match pay to performance under new rules aimed at curbing risky investments. Swiss financial regulator FINMA had planned to impose the rules on the …
The Property Casualty Insurers Association of America (PCI) says the Michigan Board of State Canvassers’ approval of a petition for a ballot initiative to overhaul auto and homeowners insurance laws in the state represents an attack on insurance companies. “This …
