U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away those estimates. That could add …
The Minnesota Department of Commerce said it stands to receive more than $2 million in its share of a $146 million settlement with American International Group over misreporting of workers’ compensation insurance premiums. AIG and its workers compensation insurance affiliates …
American International Group Inc. (AIG) has agreed to pay $146.5 million in fines and additional taxes to state insurance regulators for alleged under-reporting of premiums to states more than a decade ago. The company will pay $100 million in penalties …
Minnesota Governor-Elect Mark Dayton has appointed Ken Peterson to head the Department of Labor and Industry. Peterson brings public service experience to the position, including serving the last DFL Governor, Rudy Perpich, in the same position. Peterson was the executive …
Welcome to Insurance Journal’s 2nd annual Buyer’s Guide, a tear-out directory of services, products and solutions for the insurance industry. Companies are listed within eleven different categories; Agents, Agent Networks, Agency Services, Claims, Construction/Restoration, Education/Training, Human Resources, Insurance Associations, Marketing, …
Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are just a few …
Ryan Specialty Group, Oakbridge R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC, acquired Bloomfield, Conn.-based Oakbridge Insurance Services LLC, an insurance intermediary focused exclusively on executive and professional liability exposures and insurance solutions. Terms were not …
It’s illegal to text while driving in most U.S. states yet a new study finds such bans do not reduce car accidents and may actually increase insurance claims. Researchers at the Highway Loss Data Institute (HLDI) found no reductions in …
Madison, Wis., is the most secure U.S. community among large metropolitan areas (population of 500,000 or greater) according to the seventh annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of Companies. Olympia, Wash., is the most …
Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) for November 2010 include fines of up to $60,000. Final orders for November 2010: American Zurich Insurance Company of Schaumburg, Ill. Order Number: DWC-100100 Date …
