The U.S. House of Representatives swiftly passed a bill Thursday to recoup controversial bonuses paid to American International Group Inc. as Treasury Secretary Timothy Geithner tried to calm the furor by taking responsibility. In the face of public outrage at …
U.S. insurer State Farm said on Tuesday that more than 800,000 teddy bears given out in North America as part of a company promotion were being recalled because of a choking hazard. The toys, called the “State Farm Good Neigh …
Medical malpractice overhauls have died many deaths in Congress over the years, often at the hands of Democratic lawmakers backed by trial lawyers. Attempts to change the system may be getting new life. As they search for savings to redo …
Some Democratic lawmakers joined by Texas residents who have had trouble getting drivers’ licenses under new Department of Public Safety rules are pushing for legislation that would undo a policy they say harms U.S. citizens and legal immigrants. Rep. Ruth …
New York-based specialty insurance firm Valiant Insurance Group has named Kevin J. Cawley as senior vice president and chief actuary. Cawley, who will be based in New York, most recently served as chief actuary for Liberty International Underwriters – North …
Arch Reinsurance Company announced that John Rathgeber has been appointed Chairman and CEO and Tim Olson has been appointed President and COO as of March 1, 2009. Rathgeber previously served as President and CEO and Olson as Chief Underwriting Officer …
Whether you are an attorney, an insurance agent, adjuster or broker, or an individual insured, when dealing with claims under flood insurance policies, you may be surprised to discover that many things you think you know are wrong, and, particularly …
Fitch Ratings has affirmed Zenith National Insurance Corp.’s ratings as follows: Zenith –Issuer Default Rating (IDR) ‘BBB+’. Zenith National Insurance Capital Trust I –$58.5 million 8.55 percent trust preferred securities due Aug. 1, 2028 at ‘BBB-‘. Zenith’s insurance subsidiaries: Zenith …
Global warming should lift sea levels along the U.S. Northeast nearly twice as fast as global rates this century, putting New York City at risk to damage from hurricanes and winter storm surges, scientists said. “The northeast coast of the …
Florida-based Main Street America Group reported it achieved a $43.6 million underwriting profit in 2008, the largest in its 85-year history and 38 percent higher than its 2007 underwriting profit of $31.7 million. The super regional property/casualty carrier’s corporate combined …
