Revised TRIA Law Could Harm Small Insurers, Warns S&P January 11, 2015 Standard & Poor’s offered a note of caution about the reauthorization of the federal terrorism reinsurance program, warning that changes...
BP, Anadarko Lose Appeal Over Gulf Oil Spill Fines January 11, 2015 By Jonathan Stempel BP Plc and Anadarko Petroleum Corp. narrowly failed to persuade a U.S appeals court to reconsider its 2014 ruling that...
Penn. Commissioner Consedine to Leave Post After Gov.-Elect Wolf Is Sworn In January 9, 2015 By Young Ha Michael Consedine, Pennsylvania’s insurance commissioner and president-elect of the National Association of Insurance Commissioners (NAIC), will leave the Insurance Department...
Cook & Co. Promotes Shillue to President in Massachusetts January 9, 2015 Cook & Company Insurance Services Inc., an insurance and risk management services firm in Marshfield, Massachusetts, has promoted Sue Shillue...
The Walker Group Rebrands to AmWINS Brokerage of New York January 9, 2015 Effective Jan. 1, 2015, The Walker Group, an AmWINS Group company, has changed its name to AmWINS Brokerage of New...
XL to Write Nearly 10th of Lloyd’s Business After Catlin Deal January 9, 2015 By Richa Naidu XL Group Plc said it would buy underwriter Catlin Group Ltd. for about 2.79 billion pounds ($4.22 billion), increasing the...
XL’s McGavick: Hedge Funds Grow in Sophistication in Insurance Arena January 9, 2015 By Zachary Tracer Investors such as hedge funds and pensions are becoming more sophisticated as they partner with insurers, XL Group Plc Chief...
N.J. Insurance Adjuster Receives 32-Month Prison Term for Defrauding NJTA January 9, 2015 The owner of a New Jersey-based insurance adjusting company was sentenced on Thursday to 32 months in prison for his...
5 Arrested in N.Y. for Alleged Accident Staging, Insurance Fraud January 9, 2015 New York Attorney General Eric T. Schneiderman announced the arrests of five individuals for their alleged roles staging auto accidents...
Texas Officials Want Drug Database Moved from DPS January 9, 2015 Some Texas lawmakers say prescription drugs can be bettered monitored by moving the state’s database out of the Department of...