The Chubb Corp. entered into a settlement agreement with the Attorneys General of New York, Connecticut and Illinois to resolve an investigation of customer steering, improper finite reinsurance transactions, and other unlawful industry practices. Under terms of the settlement, Chubb …
Arthur J. Gallagher & Co. has agreed to resolve all claims in the Federal Multi-District class action pending in the New Jersey Federal District Court against commercial insurers and brokers relating to industry-wide contingent commission matters. In its written statement, …
The Chubb Corp. entered into a settlement agreement with the Attorneys General of New York, Connecticut and Illinois to resolve an investigation of customer steering, improper finite reinsurance transactions, and other unlawful industry practices. Under terms of the settlement, Chubb …
Travelers claims buildings were in flood zone 8 Lloyd’s and former R.I. governor at odds Sundlun denies he owes funds to London broker 8 Conn. to get new insurance commissioner Cogswell to stay in department but step down as chief …
Insurance agents want to avoid litigation, but it is not always possible. When agents become involved in litigation in federal court, it is important for agents and their attorneys to understand the new Federal Rules of Civil Procedure governing electronically …
$20 billion The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized coverage for some of the riskiest …
Ruling against La. Citizens could affect more insurers 10 Survey says party hosts are underinsured Trusted Choice reports 28.5 million need more coverage 12 Miss. AG’s Katrina lawsuit moved Judge rules state court more appropriate 12 Ark. launches insurance plan …
Tort system helping to reduce costs 8 Gov.-elects appoint insurance department heads Colorado picks Mayor Morrison, Idaho picks Rep. Deal 8 Calif. workers’ comp reforms working Yet outgoing commissioner says still room for improvement 9 Reinsurance rates falling or flat, …
People Zurich Financial Services Group appointed Maine Insurance Superintendent Alessandro A. Iuppa head of government and industry affairs for General Insurance, and chief government affairs officer for North America. Both appointments are effective Jan. 15, 2007. Neal Odom joined MarketScout, …
Oregon promotes best practices with IMSA membership The Oregon Insurance Division is recognizing the Insurance Marketplace Standards Association as a group that can help to establish “best practices” and promote consumer protection in the state. In a recent bulletin, Insurance …
