Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say they are standing behind last year’s bipartisan legislation to …
German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer “false stimulus” and that monetary policy alone would not solve the euro zone crisis. The ECB cut interest …
RSA Insurance Group Plc Chief Executive Officer Simon Lee said the insurer has further growth potential in emerging markets and maintains a “robust” capital position, amid speculation it may sell assets. Lee, who this month injected 100 million euros ($135 …
Kansas, North Dakota and other state insurance commissioners snubbed a meeting with President Barack Obama set up to discuss allowing some people to keep medical plans that don’t meet the requirements of the U.S. health law. Six commissioners e-mailed their …
States and insurers are already working to bail out President Barack Obama’s healthcare overhaul, anticipating the system’s online insurance exchanges may not be ready by a critical December deadline. All of the alternatives have drawbacks. Insurance companies are hoping to …
The National Collegiate Athletic Association sued Electronic Arts Inc., saying the video-game maker hasn’t agreed to indemnify the NCAA for legal claims by college athletes and hasn’t maintained insurance to do so. The NCAA is a co-defendant in a consolidated …
Binders Redux. A binder is a temporary insurance contract. This is a fact. The Acord 75 field Description states, “A Binder is a temporary insurance contract which provides coverage in advance of the issuance of an insurance policy.” The Acord …
Ironshore International’s Pembroke Managing Agency Limited has begun offering insurance coverage for lenders engaged in the financing of satellite projects. The product provides insurance coverage for banks and export credit agencies against the risk of non-disclosure and misrepresentation by the …
Louisiana Workers’ Compensation Corp. (LWCC) announced that it is aligning its Safety and Communications Departments, and has promoted Michael Johnson to communications manager and Michael Page as director of corporate communications and safety outreach. Johnson joined LWCC in 2003 as …
The Oklahoma Insurance Department is mourning the loss of former chief examiner and assistant commissioner, Stephen P. Garrett, 69, who died Nov. 18 after a brief hospitalization. “I have the highest level of admiration for Steve, working with him, not …
