A Salisbury, Maryland woman who was awarded $1.85 million after she was fired by a pesticide company will see only $300,000 of that. That’s because of a limit on damages in federal employment discrimination cases. A jury found in favor …
U.S. regulators sent a letter to American International Group Inc. in March warning of its lack of transparency and ability to oversee its financial products, a top Democratic lawmaker said Tuesday. Rep. Henry Waxman, who chairs the House Oversight and …
Liberty Mutual, Safeco Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic reach, the transaction strengthens Liberty’s standing to fifth largest property …
Federal vs. state—AIG “This argument is fundamentally flawed because it is based on a totally inaccurate assumption of facts. First and foremost, AIG is not an insurance company; it is a federally-regulated holding company under the jurisdiction of a federal …
Liberty Mutual, Safeco Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic reach, the transaction strengthens Liberty’s standing to fifth largest property …
State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal regulation. The state regulators spoke out …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Entertainment Specialists Market Detail: L.A.Xcess Insurance Brokers Inc. offers a market for entertainment and live …
Maryland Insurance Commissioner Ralph Tyler has issued cease and desist orders to nine premium finance companies which he says are collecting illegally high interest rates on insurance policies. The orders call for compliance with the law that finance charges cannot …
The House of Representatives voted 263-171 to pass a $700 billion Wall Street rescue bill and sent it to President Bush, who signed it into law this afternoon. The Senate passed the measure earlier this week. The House had defeated …
Philadelphia Insurance Companies sponsored the 2008 Parkway Run/Walk benefiting The Cancer Center at The Children’s Hospital of Philadelphia on Sunday, Sept. 28. Despite rain, more than 1,500 runners and walkers including 50 Philadelphia Insurance Co. employees and their family members …
