The Louisiana Department of Insurance filed a lawsuit in late December 2009 against Infinity Surety of Louisiana Inc., Infinity Surety Agency LLC and George D. Black (collectively, Infinity Surety) alleging the firm has been operating as surety insurance company without …
Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co. LLC. Guy Carpenter’s World Catastrophe Rate on Line (ROL) Index declined by 6 percent at …
New York regulators are aggressively pursuing plans for a reincarnation of the New York Insurance Exchange and expect to finish assembling a “working group” of industry insiders within the next two months who will guide the revival of a Lloyd’s …
No Warren Buffett “The heart and soul of what insurance companies should be is underwriting companies. I mean, I tell people there’s only one Warren Buffett, and I’m not him.” —Fred Eppinger, CEO of Worcester, Mass.-based The Hanover Insurance Group, …
The board of directors of the American Academy of Actuaries has elected Mary Frances Miller as the organization’s president-elect. Miller will succeed Ken Hohman as president for the 2010-2011 term. Miller is a consulting actuary with Select Actuarial Services in …
It’s the end of the decade that apparently has no name as yet, but that doesn’t stop those of us at Insurance Journal from looking back at the past 10 years and beyond for known and little-known insurance “factoids.” Why? …
The results are in from the “2009 Best Independent Insurance Agency to Work For” survey by Insurance Journal. The common theme resonating from the winning responses is one of family ideals. Regardless of size or geographic region, employees of the …
After more than a decade and four Nebraska Supreme Court rulings, a new trial may soon be scheduled in a multimillion-dollar insurance dispute between Florida and Countrywide Insurance Agency. Florida is still trying to collect $4.7 million in premiums and …
The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in the Empire State, in a move aimed at reducing fraud. “We have to be vigilant in protecting the pocketbooks of consumers,” said Superintendent James …
The Connecticut Supreme Court reinstated a lawsuit brought by the owners of a dump truck involved in a fiery crash in Avon in 2005 that killed four people and injured 11 others. In its decision, the high court overturned a …
