Independent Insurance Agents of America State Government Affairs Committee chairman Ronald A. Smith, testifying at a joint hearing of the Oversight & Investigations and Financial Institutions subcommittees, called on Congress to pass anti-fraud legislation to protect insurance and financial services …
In a letter to members of the U.S. House and Senate, National Association of Independent Insurers senior vice president of Government Affairs Robert Dibblee urged Congress to overturn recent ergonomics regulation by voting “yes” on a joint resolution of disapproval …
In keeping with its aggressive and acquisitive nature, Fiserv Inc. announced March 6 that it had purchased Agoura Hills, Calif.-based Facilities and Services Corporation. The arrangement will allow FSC, which has thus far operated only within California, to expand outside …
A federal jury convicted on Tuesday an Illinois man of mail fraud and arson for destroying three houses and killing his first wife to collect more than $900,000 in insurance. According to government testimony, John Veysey III was found out …
Britannic is to cut more than 40 percent of its workforce, with 2,000 positions coming from the Britannic Assurance arm. The company blamed the cuts on a growth in red tape and the end of the UK’s jobs-for-life culture according …
Russia is taking out $200 million in insurance on the off chance that portions of the Mir space station will fall onto populated areas when it re-enters Earth’s orbit later this month. The aging space station is due to be …
International insurance brokerage and consulting company Summit Global Partners has expanded into California with Russell “Russ” Sands at the helm as Chairman and CEO of Summit Global Partners Insurance Services. Dallas-based Summit Global Partners offers risk-management consulting, property casualty insurance …
San Diego-based technology company Qualcomm Inc. settled a class-action lawsuit on Feb. 26 after two years of struggle with former employees. Approximately 840 employees will share the $11-million settlement, with 36 of them taking the bulk of the money, according …
The insurance industry could pay up to $1 billion in claims to people whose property was damaged by the earthquake that struck Washington State last week, according to the Insurance Information Institute. The I.I.I. noted that it is difficult to …
Quotesmith.com shareholders approved Monday an amendment to the company’s Restated Certificate of Incorporation to effect a 3:1 reverse stock split of the company’s common stock. The company’s board of directors has adopted a resolution to implement the 3:1 reverse stock …
