Documents show a state-chartered workers compensation insurer in Colorado once planned to seek permission to buy other insurance companies but later backed off. The Denver Post reported Wednesday that Pinnacol Assurance dropped the plan after business groups recommended no changes …
Specialty insurer Valiant Insurance Group announced plans to expand its New York City headquarters and relocate to a larger space in a move designed to accommodate a workforce double its current size. “Despite challenging economic conditions, we’ve enjoyed several years …
The federal government is overpaying private insurance companies that manage flood insurance policies by as much as 16.5 percent. To just six of the 87 participating carriers, the Federal Emergency Management Agency (FEMA) paid $327.1 million more than their actual …
The National Association of Mutual Insurance Companies has welcomed 10 new members into its Century Club, recognizing them for serving policyholders for 100 years. NAMIC also recognized Bucks County Contributionship Mutual Insurance Co. on its 200th anniversary. “These companies have …
Two North Carolina state legislators have been named “State Legislators of the Year” by the National Association of Mutual Insurance Companies (NAMIC) for their efforts to pass legislation reforming the state’s coastal property insurance fund known as the Beach Plan. …
Home, auto and business insurers did not cause the current financial crisis, do not present systemic risk, and are already regulated effectively, a group of them is telling federal lawmakers looking at expanding financial services regulation. J. Douglas Robinson, chairman …
Starting Nov. 2, 2009, Ohio regulators and all insurance companies that do business in the state will begin new procedures designed to protect policyholders’ personal information. Insurance companies will be required to report any loss of policyholder information within their …
Blame for the financial crisis and the near collapse of American International Group should reflect “the substantial evidence of fundamental failures in U.S. and foreign regulation of commercial banking, thrift lending, and investment banking,” according to a new report that …
The White House kept insurance companies squarely in its sights Tuesday in the push for healthcare reform by releasing research showing that health insurance premiums have risen far faster than inflation in every U.S. state. U.S. states have experienced premium …
A Rhode Island company says the new headquarters it’s dedicating in Johnston will be one of the greenest buildings in the state. Property insurance company FM Global says it’s applied for special green certification for the building, which was dedicated …
