Washington News

All About Teamwork

Fostering Close Working Relationships Is a Priority for The NIA Group Top 100 Agency Profile Ranking No.: 19 Agency Name: The NIA Group LLC Headquarters: Paramus, N.J. Year Founded: 1926 Additional Locations: 11 2008 Total Premium Volume: $953.72 million Property/Casualty: …

Doha Round Talks Now an ‘End-Game’ Says Australian Trade Minister

The World Trade Organization’s Doha round to free up trade is nearly complete and world leaders are voicing the political will to reach a deal next year, Australian Trade Minister Simon Crean said on Wednesday. But at a meeting of …

SEC Watchdog Blasts Agency for Fumbling Madoff Probes

U.S. securities regulators missed “numerous” red flags that may have led to Bernard Madoff’s $65 billion Ponzi scheme and never did a “thorough and competent” probe despite complaints dating to 1992, a federal watchdog has concluded. The U.S. Securities and …

Judge Says Rating Agencies Not Shielded by Free Speech Defense

Credit rating agencies may find it harder to argue that their opinions deserve free speech protection after a judge rejected efforts by Moody’s Investors Service and Standard & Poor’s to dismiss a fraud lawsuit. In a case alleging that inflated …

Study: 1 in 10 Binge Drinkers Gets Behind the Wheel

One in 10 binge drinkers got behind the wheel the last time they drank heavily. And half of those drivers left from a bar, restaurant or nightclub after downing five or more drinks, a new study has found. The study …

Tieman Joins Higginbotham’s Life Sciences Insurance Unit

Higginbotham & Associates, a national independent insurance brokerage firm with Texas statewide offices, appointed Kay Kirk Tieman senior account executive for its Life Sciences Risk and Insurance Practice. Working from Higginbotham’s Denton office, she will apply her 25 years of …

Ratings Recap: Western National, Westminster, Carolina Casualty, MedPro, Tower Hill

A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings to “a” from “a-” of Western National Insurance Group (WNG) and its members. The group’s ratings are based on the consolidated …

Survey: Most Support Laws Restricting Cell Phone Use While Driving

A vast majority of Americans surveyed say they would support legislation restricting cell phone use while driving. Some 80 percent of those surveyed by Nationwide Insurance in its new One Your side survey say they would favor a ban on …

Purcell Named D.C. Insurance Commissioner

Washington D.C. has a new insurance commissioner: Gennet Purcell, a former lawyer, who had been serving as deputy commissioner since December. Purcell joined the department after serving as a partner at a private law firm, where her specialties included insurance …

Trade Group: Insurance Industry Adds $1.2M Daily to Ohio Treasury

The insurance industry is a key player in Ohio’s economy, according to the Ohio Insurance Institute (OII). With 261 insurance companies located there, Ohio is a top state for industry employment with close to a $6 billion payroll, according to …