The New York Liquidation Bureau said it has completed all necessary steps to bring to a close the ancillary receivership in New York of American Eagle Insurance Company, a Texas-based property/casualty firm declared insolvent in 1997. American Eagle had been …
Congress has shelved a $10.9 billion bill to provide health care for ground zero workers, partly due to opposition from New York City officials. Mayor Michael Bloomberg objected to a provision in the bill that would have required the city …
Bermuda’s Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products in the property and casualty market, has acquired privately held Insight Insurance Services Inc., a specialist in professional liability insurance for accounting professionals, architects, engineers …
Underwriting margins in the United Kingdom remain under pressure in 2008, despite positive rate movement in some sectors, according to a report by A.M. Best, which also suggested that the economic downturn could ultimately lead to a turn in the …
Farmington Conn.-based FMG Acquisition Corp.’s stockholders approved a merger with United Insurance Holdings L.C., a Florida based homeowners underwriter and selected small business insurer. As a result of the Sept. 29 merger, FMG will change its name to United Insurance …
The Kazakh unit of AIG said on Tuesday it had no intention of selling its insurance business in the Central Asian state. On Monday, Kazakhstan’s No.1 insurer Eurasia said it had made a formal offer to buy the Kazakh unit …
The mining company faulted for a cave-in that killed six miners in 2007 says it has no position on a worker’s compensation claim filed by the family of one of the victims. Genwal Resources Inc., a subsidiary of Ohio-based Murray …
Dirt bikes, snowmobiles and all-terrain vehicles will be allowed on most city streets in Providence, Utah. The city council has approved the new ordinance, which will go into effect in October. Drivers of off-highway vehicles will still have to obey …
California Insurance Commissioner Steve Poizner and Washington Commissioner Mike Kreidler reaffirmed that insurance companies owned by AIG continue to have the risk-based capital needed to operateand warned policyholders of AIG-owned insurance companies to beware of possible cancellation costs if they …
California Gov. Arnold Schwarzenegger has signed AB 2150 by Assemblymember Patty Berg that helps protect consumers by preventing the financial abuse of seniors. AB 2150 provides that insurance agents and brokers may not use a “senior” designation in the course …
