The Texas Department of Insurance (TDI) has issued a cease and desist order to the National Foundation of America (NFOA) for engaging in the business of insurance without a license. According to TDI, NFOA, based in Tennessee, claims to be …
A statewide system to verify that drivers in Texas have insured their vehicles to the extent required by law is in the process of being developed and is expected to go online in early 2008, according to one individual whose …
Delaware Insurance Commissioner Matt Denn has unveiled an online homeowner insurance tool that compares rates from 50 insurers and complements an auto insurance rate comparison that has been available since November. Denn said consumers will find that “prices among companies …
GMAC Insurance today announced the company will reduce its auto insurance rates in Ohio, effective immediately. Drivers can expect to save an average of 10.22 percent when purchasing GMAC Insurance coverage. There are 246 Ohio-based independent agencies that sell GMAC …
RESO-GARANTIA, one of Russia’s largest insurers, announced plans to launch an initial public offering of its ordinary shares. The shares have been listed and admitted to trading on the quotation lists “V” of the Russian Trading System Stock Exchange and …
Nine more Kansas counties have been declared eligible for federal assistance to repair public facilities damaged by this month’s violent weather. The declaration by the Federal Emergency Management Agency applies to Comanche, Dickinson, Ellsworth, Jackson, Lincoln, Osage, Ottawa, Pottawatomie and …
A minor earthquake shook parts of South Carolina’s Richland Count on last Thursday, emergency management officials said. Earthquake sensors in South Carolina pegged the quake at a magnitude 2.4, according to the U.S. Geological Survey. “At that magnitude, it should …
The Independent Insurance Agents and Brokers Association of America and Swiss Re’s Commercial Insurance have signed an agreement for Swiss Re to be the endorsed errors and omissions carrier of the Big I for five more years. Under the agreement …
The Federation of European Risk Management Associations notified the European Commission that the level of transparency of broker commissions is still “not entirely satisfactory.” FERMA first proposed changes in the brokers “code of practice” more than two years ago. The …
Transatlantic Holdings, Inc. announced that Mr. Ian Hugh Chippendale has been elected to its Board of Directors at its Annual Meeting of Stockholders. He recently retired as Chairman of RBS Insurance, a division of the Royal Bank of Scotland Group. …
