Chubb Corporation said its commercial insurance renewal rates were up 6 percent in the 2011 fourth quarter, as the pace of renewal rate increases continues to accelerate. Chubb also said it secured renewal rate hikes in professional liability lines for …
New Jersey Gov. Chris Christie announced this morning that Banking and Insurance Department Commissioner Tom Considine will leave his post on Feb. 10.Considine, who became the Garden State’s top insurance and financial regulator in March 2010, plans to return to …
Contingent commission payouts to insurance agencies are estimated to be 12 percent higher in 2012 than 2011, a new study says. The study by the Ward Group also found that carriers are continuing to increase their volume and premium requirements …
Former business partners of Nevada developer and lobbyist Harvey Whittemore have sued him, claiming he misappropriated millions of dollars. In its lawsuit filed last week in Clark County District Court, the Wingfield Nevada Group Holding Co. claims Whittemore used the …
A bottle-cap maker weary of paying $700 million in asbestos claims has teamed with a conservative group in a state-by-state trudge to shield itself from forking over even more cash to victims. The lastest battle is unfolding in Idaho. Pennsylvania-based …
ConocoPhillips has tentatively agreed to pay Colorado $137 million for oil and gas underlying the old Lowry bombing range in Arapahoe County. The Denver Post reported that an agreement signed Friday covers 21,048 acres. In addition to the $137 million …
FCCI Insurance Group has announced it is expanding its commercial insurance offerings into Maryland and Texas. The company has named several executives to serve in a new home office that will oversee operations in those states. In January the Sarasota, …
Two new studies support the efforts of states in imposing restrictions on teen driving. Teens who drive with peers as passengers have increased risks of crashing, previous research has shown. Many states have responded by creating graduated driver licensing laws …
A former BP employee has filed a whistleblower lawsuit against the company, claiming he was fired for airing concerns about the cleanup of Mississippi’s shoreline after the Gulf oil spill. In a federal suit filed last Friday in New Orleans, …
Damage from last year’s record spring floods could leave many people along the Mississippi River in even more danger this year, the Army Corps of Engineers said. The Corps said it’s assessing the damage to levees, structures and navigation channels, …
