Federal legislation aimed at helping prevent fraud from within the ranks of the rapidly converging financial service sector has been voted out of the House Financial Services Committee. This legislation — the Fin-ancial Services Antifraud Network Act 2001 — gives …
Four lawsuits that were filed against tobacco companies were turned down in a bid for class-action certification following the decision of a federal judge who stated the claims had individual issues. Industry experts, meantime, expect a long road ahead if …
Manufacturers Bank announced that it had entered into a referral alliance with AXA Advisors LLC to provide bank customers with a full range of insurance and investment products through Shuster Financial Group, LLC. Michael Aarons, senior vice president at Manufacturers …
Efforts to reduce the number of uninsured drivers in California should not center on the price of automobile insurance. Instead, California insurance officials and lawmakers should allow insurers to provide the type of coverage needed by low income citizens, the …
Young Agents from across the U.S. will gather in Hawaii to enjoy the tropical beaches, breathtaking views and the Independent Insurance Agents of America’s (IIAA) 26th Annual Young Agents Leadership Conference. The conference will be held October 26-28 at the …
Beverly Enterprises Inc., the nation’s largest operator of nursing homes, will pay $1.2 million to settle a racial discrimination lawsuit, according to an Associated Press story. Nine former workers claimed that black employees were harassed and subjected to discrimination and …
The Missouri Insurance Department has adopted an emergency consumer privacy regulation containing a third party claimant provision but excluding health and workers’ compensation insurance. National Association of Independent Insurers (NAII) Counsel Ann Weber commended the Missouri department commended for taking …
CGNU, Britain’s largest insurer, is in talks with the French group Mutuelles du Mans Assurances aimed at establishing a partnership arrangement which would strengthen its position in the French life and pension market, and bolster MMA’s and its subsidiary MAAF’s, …
Singapore Aviation and General Insurance Company has filed two lawsuits, one in New York, and the other in Los Angeles, seeking some $55 million in damages from Boeing and several aircraft component manufacturers related to the crash of a SilkAir …
Newspaper reports indicate that Britain’s Royal & Sun Alliance is on the verge of completing a £2 billion ($2.8 billion) deal to sell its life and pension units, but different potential buyers are named, and so far the company has …
