Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy Monday. The filing cements Ambac’s decline from a company that once guaranteed payments on more than $550 …
Reno, Nev.-based Employers Holdings Inc. has reported third quarter 2010 net income of $10.1 million compared with $30.6 million in the third quarter of 2009, a decrease of $20.5 million or $0.42 per diluted share. Net income for the nine …
Western National Insurance Group of Edina, Minn., has signed a definitive agreement for the purchase of 100 percent of the stock of Anchorage, Alaska-based Umialik Insurance Co. from UkpeaÄ¡vik Iñupiat Corp. The purchase is subject to the completion of due …
Republicans were not only victorious in the U.S. House but also in state houses across the country. Tuesday night’s GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …
Midwestern states were among those that added to Republican gains in governor’s offices across the country on Nov. 2. Iowa, Kansas, Michigan, Ohio and Wisconsin are among the states that voted to replace Democrats in their governors’ offices with Republican …
Tuesday’s elections could have ramifications for a number of state insurance commissioner posts across the country. Nationwide, 11 commissioners are directly elected but there are only four such elections tomorrow; the rest of commissioners are appointed, most by governors or …
Errors and omissions insurance is available, and necessary, not just because mistakes happen. A customer’s perception can be that the reason a loss was not covered, valid or not, was the result of an agent’s mistake. Applying even the most …
Errors and omissions insurance is available, and necessary, not just because mistakes happen. A customer’s perception can be that the reason a loss was not covered, valid or not, was the result of an agent’s mistake. Applying even the most …
Higher medical costs per claim in Wisconsin are offset by much lower utilization of medical services in the state’s workers compensation system. As a result, medical payments per workers’ comp claim in Wisconsin were typical among 15 states for 2005/2008 …
A massive storm making its way through a big chunk of the United States brought a bit of everything: strong winds, rain, tornadoes and now even some snow for parts of the Midwest. The storm packed wind gusts of up …
