Amid growing concerns about the legal practices of mortgage lenders, Old Republic National Title Insurance told agents Friday it would stop insuring homes foreclosed by JPMorgan Chase & Co., The New York Times reported Saturday, citing a company memo. Old …
A judge refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion in federal bailouts. Reuters reported that the ruling …
A trade group for agents in several Northeast states are urging Massachusetts regulators to rethink new paperwork requirements for out-of-state businesses’ workers’ comp coverage. Massachusetts Division of Insurance last month announced new rules requiring out-of-state businesses to submit additional paperwork …
Markel, Hiscox Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed, but the companies said it would close the transaction by October 1. The …
The Hartford has appointed Lisa Morgan as senior vice president of its Middle Market commercial insurance business. Morgan will lead The Hartford’s $2 billion middle market commercial insurance unit that serves mid-sized businesses and other entities, such as educational institutions …
Salt Lake City-based The Buckner Co. named Mark A. Oligschlaeger executive vice president/chief operations officer. He joins the insurance firm after having spent the past 12 years working for Leucadia National Corp., where he most recently served as the vice …
Markel, Hiscox Insurer Markel acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed. The transaction includes the rights to the American Live Stock and Harding & Harding …
With Less Than a Year to Go, Can States Agree on Tax Sharing Plan? The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in …
The family of a former Massachusetts student who received electric shock treatments at a special needs school has agreed to receive $65,000 to settle a lawsuit claiming the treatment was inhumane and violated his civil rights. The privately operated Judge …
Shifting Political Winds, $25 Million Price Tag Create Hurdles New York regulators say the plan to re-launch a Lloyd’s-style exchange in the city is forging ahead, but they’re looking to hand the reins to the insurance industry to take the …
