Florida officials are looking for ways to reduce the state government’s workers’ compensation costs and considering changing some mandates that grant first responders automatic benefits and reducing prescription drug costs. Florida Division of Risk Management Director R.J Castellanos told the …
Reinsurer Validus Holdings Monday withdrew its offer for peer Transatlantic Holdings, ending a months-long hostile takeover battle. Validus, which has a history of hostile bids for other reinsurers, launched its offer in July, attempting to break up a deal Transatlantic …
A federal judge angrily threw out Citigroup Inc.’s proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements. U.S. District Judge Jed Rakoff in Manhattan said …
Land O’Lakes Inc. Foundation has donated $10,000 to Texas Forest Service’s Volunteer Fire Department assistance fund. Volunteer fire departments served as the first line of defense against wildfires that devastated the Lone Star State this year. More than 29,000 blazes …
Arizona-based mortgage insurer The PMI Group Inc. (NYSE: PMI) has filed for voluntary relief under chapter 11 of the United States Bankruptcy Code in the U. S. Bankruptcy Court for the District of Delaware. The filing is a result of …
Montana State Fund says its workers’ compensation insurance policyholders will be getting a $6 million dividend. The board of directors authorized the refunds for January that will be sent to about 21,000 policyholders with good safety standards. Overall, the agency …
Buena Park, Calif.-based Freeway Insurance has promoted Norm Hudson to chief operating officer. Hudson ascends to the post from his former position as president of Freeway California North. Prior to joining Freeway Insurance in 2010, Hudson served as president of …
Let’s face facts. It’s unlikely that any individual independent agency will ever “beat” the direct writers. They have massive marketing budgets, a strong online presence, great name recognition, and enjoy a reputation for being low in cost. Still, you can …
It’s a tall order for an artist: create a design for a long-lasting work of public art — a new icon for the city of New Orleans — that will be reproduced in various sizes and placed at 17 key …
Indiana Senate Democratic Leader Vi Simpson is leading a national group of lawmakers looking to streamline insurance policy across the states. The National Conference of Insurance Legislators elected Simpson as its president-elect. The group works with state and federal lawmakers …
