The National Association of Insurance Commissioners released its proposed budget for 2007. The consolidated budget calls for a projected $63.4 million in total revenue, an increase of 6.81 percent from 2006 budget levels and $62.7 million in total expenses, a …
The National Association of Insurance Commissioners (NAIC) President and Maine Insurance Superintendent Alessandro A. Iuppa told the House Finanacial Services Subcommittee panel that strong financial regulation of insurance companies is essential to consumer protection and state officials are committed to …
ProMutual Group, a provider of medical malpractice liability insurance in the Northeast, recently launched ProSolutions Insurance Company, an alternative capptive-like insurance entity designed to assist medical facilities and groups in controlling the cost of their insurance premiums. ProSolutions is meant …
The company whose fresh spinach was linked to an E. coli outbreak that has sickened at least 109 people in several states including Indiana said its organic products had been cleared of contamination, while health officials continued working to pinpoint …
Tampering is not suspected in an outbreak of E. coli linked to fresh spinach, federal health officials said Monday as they continue to probe the source of the contamination and warned consumers to continue to avoid fresh spinach products. The …
A California natural foods company was linked to a nationwide E. coli outbreak that has killed one person and sickened nearly 100 others. Supermarkets across the country pulled spinach from shelves, and consumers tossed out the leafy green. Food and …
Burns & Wilcox, the specialty insurance provider, has opened a new office in Portland, Maine. The announcement was made by Richard C. Trippe, Jr., Burns & Wilcox assistant branch manager for the company’s Baltimore office. Burns & Wilcox also announced …
Days before the fifth anniversary of the 9/11 attacks, the U.S. Senate announced agreement on ports security legislation, hoping to approve bolstered protections before November’s elections to stop nuclear materials from being smuggled into the country. The $835 million bill, …
Joseph Morrello has been hired as Beazley Group plc’s U.S. Eastern region underwriting manager, mid-market commercial property, covering the east coast from Maine to Florida. Beazley has been underwriting U.S. commercial property business, generally for large risks, on a surplus …
Security Risks Nuts & Bolts: AI Risk, Lexington Insurance’s Middle Market Unit, has selected Brownyard Programs Ltd. to bring AIG’s GuardSecure product to small- and intermediate-sized private security companies throughout the United States. The program’s focus will include a range …
