The MONY Group Inc. postponed the shareholder meeting that was to vote on a merger with French insurance company AXA, after a Delaware court decided that the company must explain the deal better to shareholders. The special meeting to vote …
The New York Senate’s Standing Committee on Insurance, chaired by James L. Seward, R-District 51, held hearings last month regarding growing concerns about insurance fraud, particularly staged accidents, that abuse the state’s no-fault auto insurance system. As summarized in a …
A recent report issued by the Maryland Insurance Administration (MIA) on the use of credit-based insurance scoring found no basis for any conclusion that credit history is skewed toward ethnic minorities or low-income individuals. The study actually indicates that there …
As the lawsuit over the amount of the recovery from destruction of World Trade Center’s twin towers plays out in Judge Michael Mukasey’s federal courtroom, Standard & Poor’s came up with another kind of verdict. The rating agency doesn’t anticipate …
The Property Casualty Insurers Association of America, the American Insurance Association and other professional groups have lauded a decision by New Jersey Supreme Court ordering reversal of an appellate court decision and upholding a state law that bars the right …
While most attention has been focused on reforming this state’s private passenger auto insurance residual market, progress is slowly being made in another area agents say is critical: the commercial auto residual market. By Jan. 1, 2005, agents and some …
A Superior Court judge has upheld Vermont regulations governing the use of private information by insurance companies chartered to do business in the state. The regulations prohibit insurance companies from selling or sharing personal customer information unless a customer approves. …
The people who drive city and town snowplows in New Hampshire say they are being treated unfairly by a state law which states that if someone hits them as they clear snow, the incident goes on their personal driving record, …
Travelers Property Casualty Corp. and The St. Paul Cos., which are planning to merge, have promised to increase charitable giving in Connecticut by more than $800,000 this year. Hartford-based Travelers and Minnesota’s St. Paul Cos. gave $2.7 million to Connecticut …
Fire marshals across the nation scurried to review inspections of nightclubs after sparks from a rock band’s pyrotechnics set fire to a Rhode Island club, killing 100 people and injuring scores of others a year ago. At least 15 states …
