The death toll now stands at 10 in the Midwest as tornadoes, severe thunder storms and flooding hit Indiana, Illinois and Wisconsin beginning June 6. States battled tornadoes that touched down in multiple areas, heavy winds and hail damaged autos …
A Chicago police officer working with a tow company owner and another policeman allegedly scammed an insurance company, authorities said. According to a news account in the Chicago Sun-Times, Officer Joseph A. Grillo was arrested on June 5 at O’Hare …
State insurance regulators want to centralize the filing and storage of their annual market conduct reports on insurance companies. The regulators are reviewing a proposal that would allow insurers to make one filing, as well as provide regulators the ability …
First-Time Partnership Offers Agents in Small or Medium Agencies Wider Choices of Companies to Represent When buying a new or used car, cost is always an issue and car insurance shopping is always a stressful task. Just as some banks …
In the wake of construction crane accidents in the past three months that claimed 11 lives, industry groups have called for nationwide safety standards. An industry council agreed on a set of standards in July 2004 but the proposal has …
Thomas F. Motamed has stepped down as vice chairman and chief operating officer for The Chubb Corp. to become chairman and chief executive officer of CNA Financial Corp., a position he will assume as of June 8, 2009. Motamed worked …
Governor Jim Douglas has signed into law a bill making changes to Vermont’s banking and insurance laws, including provisions for streamlining and growing the state’s captive insurance industry. The bill also includes measures designed to protect consumers by enabling Vermont …
Mapfre, Commerce Spain’s largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country. Mapfre paid $36.70 per share of Commerce’s publicly traded stock, with a total merger …
A former New Jersey lawmaker ensnared in a federal bribery investigation has pleaded guilty to federal and state corruption charges and has resigned as mayor of Orange. Mims Hackett Jr., 67, admitted he took a $5,000 bribe to steer a …
Insurance broker Aon Corp. reported that the five government agencies to its 2005 settlement have agreed to an amendment that will permit companies it acquires to continue to accept contingent commissions on existing business for three years following their acquisition …
