A settlement has been reached in a long-running dispute between the nation’s largest homeowners insurer and the state of Texas over premium overcharges. The Texas Office of Public Insurance Counsel (OPIC) announced Feb. 27 that under a settlement with State …
Robert Benmosche, the combative former chief executive officer of American International Group Inc. who led the insurer, once the world’s largest, to repay a $182.3 billion taxpayer bailout, has died. He was 70. He died on Friday at NYU Langone …
The federal government is sending $116 million to New York City to compensate for funds spent in a program that made flooded homes habitable after Superstorm Sandy. Sens. Charles Schumer and Kirsten Gillibrand were joined by New York City Mayor …
Liberty International Underwriters has added five risk engineers to its U.S. and Latin America risk engineering team to focus on energy-related opportunities and civil construction projects in response to the resurgence in America’s energy industry and continued energy growth anticipated …
The appointment of David Mattax as Texas Insurance Commissioner has been confirmed by the Texas Senate, the insurance department reported. Mattax was appointed to the job by Gov. Greg Abbott on Jan. 21. He was appointed earlier in January by …
An East Baton Rouge Parish insurance agency owner recently was served by Louisiana Department of Insurance Fraud Division investigators with a summary suspension and a cease and desist order for alleged misappropriation of insurance premium funds. Weldon Jerome Campbell, a …
Ariel Specialty will commence underwriting E&S property business on March 1st, 2015, with business being written through wholesale brokers only on a limited appointment basis and on behalf of Ariel’s Lloyd’s Syndicate 1910. The new E&S property underwriting unit underwriting …
Reno, Nev.-based LP Insurance Services Inc. has named Tony Marini to its northern Nevada sales team beginning Sept. 1. Marini, the current executive director of Hot August Nights, will be joining LP Insurance as a sales executive after the conclusion …
South Carolina’s Supreme Court ordered Johnson & Johnson to pay a penalty of $136 million, upholding a jury’s finding that the drugmaker’s Janssen unit had improperly marketed its anti-psychotic drug Risperdal and concealed its risks. A trial court had earlier …
The Ohio House has passed a bill that gives legal protection to certain volunteers who provide service and expertise during emergencies. The measure gives architects, engineers, surveyors and tradespersons immunity from civil liability for errors or omissions that may occur …
