Superintendent Eric Dinallo Redefines the Role of Regulator in the Insurance Industry New York Insurance Superintendent Eric Dinallo was thrust into the national spotlight last year as the insurance industry’s then-largest company, American International Group, began its precipitous collapse. It …
Who let the weather goblins out? Tornadoes, wildfires and floods, oh my! With all the weather related disasters out in full force this (and seemingly every) spring, there should be some kind of scary, Halloween-type holiday to acknowledge the violent …
Deteriorating economic conditions threaten a massive wave of corporate defaults. Corporate borrowers’ inability to fulfill debt obligations could prompt a bankruptcy filing surge and lead to lawsuits as creditors and shareholders seek to recoup their losses. These claims could present …
The Combined Group now offers a fully automated service for CNA Connect™’s Policy. Combined’s Agent Direct Express™ and Quantum’s Real Time Express™ service offerings now enable agents to quote rates, place binding coverage in force and receive direct commissions, all …
The world’s forests are at risk of becoming a source of planet-warming emissions instead of soaking them up like a sponge unless greenhouse gases are controlled, scientists said. Deforestation emits 20 percent of the world’s carbon dioxide when people cut …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of Illinois-based American Freedom Insurance Company. Best said the “ratings reflect American Freedom’s solid …
Houston-based HCC Insurance Holdings Inc. (NYSE:HCC) has named Susan L. Howie to head its corporate Human Resources Department as vice president of Human Resources. Howie previously worked for HCC from 1997-2005, serving as head of the company’s Human Resources Department. …
Los Angeles-based the Farmers Insurance Group of Companies has announced it will acquire American International Group’s (AIG’s) Personal Auto Group, which includes 21st Century Insurance Co. The acquisition price is $1.9 billion, subject to post closing adjustments. The possibility of …
Oakland, Calif.-based Eqecat Inc., a subsidiary of ABSG Consulting Inc. announced William M. Keogh has been appointed senior vice president, strategic initiatives. Keogh, who was previously group executive of global client development at Risk Management Solutions, will be responsible for …
A former Miss West Virginia has won a $7.2 million verdict against nine Internet companies that tried to sell pornographic videos they falsely claimed featured her. A jury in U.S. District Court in Clarksburg last week ordered each defendant to …
