Puerto Rico News

Ark. Commissioner Elected Officer at NAIC

Arkansas Insurance Commissioner Julie Benafield Bowman has been elected Secretary-Treasurer of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC), her office announced. Becoming an officer of the Zone elevates Bowman to the Executive Committee of the NAIC. …

Regulators Name 2007 Key Committee Chairs

The National Association of Insurance Commissioners (NAIC) today named its 2007 Committee chairs and vice chairs. The NAIC officers, most immediate past president and zone representatives met earlier this month to make assignments based on the preferences submitted by the …

Bankers Report Fraudulent Purchases Following TJX Credit Data Theft

Customer data stolen from TJX Cos. outside Boston by computer hackers has been used to make fraudulent debit card and credit card purchases in the United States and overseas, according to the Massachusetts Bankers Association. The fraudulent purchases have been …

Mich. Becomes 29th State to Join Interstate Compact

Michigan Governor Jennifer M. Granholm has signed legislation permiting Michigan to join the Interstate Insurance Product Regulation Compact Commission, making Michigan the 29th state to join the Commission. Created through the National Association of Insurance Commissioners, the Commission provides participating …

Pa. Maternity Clothier Settles Suit Alleging Bias Against Pregnant Workers

A Pennsylvania maternity-clothing retailer has agreed to pay $375,000 to settle a lawsuit alleging it refused to hire qualified applicants because they were pregnant — and then fired an assistant manager who complained about it. The suit filed last year …

People and Places

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, the …

It Figures

$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 …

Drunk driving death rates decline in 23 states

Drunken-driving deaths declined slightly across the nation in 2005, and the rate of drunken-driving deaths fell in 23 states, according to transportation officials. The National Highway Traffic Safety Administration reported that 23 states and Puerto Rico had a decrease in …

It Figures

$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 …

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, …