April 28, 2008
Nevada Insurance Commissioner Alice Molasky-Arman is stepping down after a long regulatory career that included approval in 2007 of a $2.6 billion deal involving Nevada’s largest health insurer — a deal that troubled Gov. Jim Gibbons. Molasky-Arman, retiring next September, …
April 25, 2008
New Jersey insurers who use education and employment to rate drivers for risk are justified in doing so and the practice does not amount to racism or classism, according to a new, 581-page report released by Garden State insurance regulators. …
April 25, 2008
Just ahead of swimming season, the Minnesota Senate on Wednesday, April 23rd, embraced new safety standards for more than 4,000 pools at health clubs, parks, apartment buildings and hotels. It is a response to an ultimately fatal injury 6-year-old Abigail …
April 24, 2008
Several employees at the Quality Pork Processors plant in Austin, Minnesota who were initially denied workers compensation for a mysterious neurological illness will be paid after all, attorneys said. At least 18 workers have suffered symptoms of the illness, which …
April 24, 2008
Travelers Cos. Inc., one of the largest property insurers in the United States, said Thursday that earnings fell 11 percent in the first quarter, as catastrophe losses in the quarter more than doubled and investment income fell. The St. Paul, …
April 23, 2008
Wells Fargo Insurance Services recently announced the addition of staff in its North Dakota office. Deb Galt was named Insurance Brokerage supervisor for Wells Fargo Insurance Services’ Midwest region, and Gail Hayes was named as new Commercial Account representative. Both …
April 23, 2008
Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …
April 21, 2008
3M Co. will probably pay between $50 million and $56 million to clean up sites in the eastern Twin Cities that have been contaminated by chemicals that were once used in some of the company’s best-known products. The plans for …
April 21, 2008
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. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …
April 21, 2008
A two year battle between insurers and the trial bar has ended with a compromise that insurers say protects consumers. Minnesota Gov. Tim Pawlenty signed on Friday, April 18th first-party bad faith legislation (S.F. 2822), that places limits on efforts …