Washington News

Lack of Demand for Innovation Helps Insurers Avoid Systemic Risk: Report

The 2008 financial failure and system breakdown of American International Group Financial Products did not contribute to broader systemic effects within the insurance industry, according to a new financial services think tank report. The report also suggests that whether insurance …

Lawsuits Seek to Curb Deep Wells in Gulf of Mexico

Environmentalists seeking to curb oil drilling in the Gulf of Mexico have filed federal lawsuits to shut down a major BP platform and close a government loophole for new oil and gas exploration. The lawsuits, filed in Alabama and Texas, …

Obama to Name Gulf Oil Spill Panel; BP Safety Record Faulted

President Barack Obama will create a presidential commission to probe the oil spill in the Gulf of Mexico and energy giant BP said Monday it had “turned the corner” in its efforts to contain it. London-based BP Plc said its …

Business Moves

Western National, American Mutual Western National Insurance Group of Edina, Minn., plans to affiliate with Wisconsin American Mutual Insurance Co. of Fond du Lac, Wis. The transaction is expected to close before fall 2010. Wisconsin American is expected to continue …

Business Moves

Security Planning, CSIPros Salt Lake City-based Security Planning & Insurance Corp., an insurance carrier in the childcare industry, launched Charter School Insurance Professionals (CSIPros), an insurance company to focus exclusively on providing whole-package insurance to charter schools nationwide. According to …

People

Irvine, Calif.-based Superior Access Insurance Services Inc. named Tom Crawford chairman of the board of directors. Before joining Superior Access, Crawford served as chairman, president and CEO of Crawford & Co. With more than 45 years of insurance industry experience, …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Allied Health and Medical Pros Market Detail: CRES Insurance Services MedSurance A&M is an insurance …

Teens Need Workplace Safety Training

In recognition of May’s “Safe Jobs for Youth Month, the Washington Department of Labor and Industries (L&I) is reminding employers to provide safe workplaces for young workers, particularly as the summer hiring season nears. On average, 79 young workers are …

Obama Administration Defends Healthcare Law in First Court Test

The Obama administration has urged a court to reject an attempt to block a controversial new law overhauling the U.S. healthcare system, saying it is constitutional and any challenge is premature. The reforms, a top priority of President Barack Obama, …

Senators Slam Oil Executives Over Gulf Spill

U.S. senators Tuesday tried to pin the blame for the Gulf of Mexico oil spill on the companies involved, scrutinizing their safety practices and demanding full compensation be paid for the cleanup. In hearings before two Senate committees, lawmakers accused …