National News

Bolt, Aon Affinity to Offer New Online Small Commercial Program to NFIB Members

BOLT Solutions, Inc. has entered into an agreement with Aon Affinity, the consumer, association and group program business of Aon plc to provide the National Federation of Independent Business (NFIB) with a new online small commercial program for its members. …

Remembering 29 Miners Lost in West Virginia Blast 3 Years Ago

As West Virginians marked the third anniversary of an explosion that killed 29 coal miners Friday, congressional Democrats called the lack of action on tougher mine safety legislation “shameful.” Gov. Earl Ray Tomblin placed a photo of white and a …

Casualty Actuarial Society Names Fischer as Admissions Director

The Casualty Actuarial Society (CAS) has named Richard Fischer as its new director of Admissions. Before joining CAS, Fischer worked in the U. S. Department of Labor’s Office of Federal Contract Compliance Programs as a psychometric expert to support federal …

Ex-Merrill Broker, Deutsche Bank to Pay Investor $11 Million

U.S. securities arbitrators ordered a former employee of Merrill Lynch, Deutsche Bank and Oppenheimer & Co. to pay nearly $11 million to an investor who alleged the broker misrepresented securities and made excessive trades. The investor’s case against former broker …

Hurricane Center Learns Lesson from Sandy; Changes Warnings

Responding to criticism after Superstorm Sandy, the National Hurricane Center says it will change the way it warns people about tropical storms that morph into something else. At the height of Sandy, as the hurricane knocked on the Northeast coast, …

Mortgage Lender Charged with Defrauding Government Insurer

The United States last Thursday sued a New York mortgage company it said defrauded the federal government into insuring poor quality home loans, costing taxpayers millions of dollars. In a civil lawsuit filed in Manhattan federal court, the U.S. Department …

Insurance Journal’s ‘March Madness of Insurance Mascots’ Tournament In Final Day

The social media team at Insurance Journal has organized a playful competition to determine a champion of insurance mascots. The tournament, which is hosted at www.facebook.com/insurancejournal, features a March Madness-style bracket in which Facebook users vote for their favorite mascot …

Best Affirms Baldwin & Lyons and Operating Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Protective Insurance Company (PIC) and its wholly owned subsidiary, Sagamore Insurance Company, as well as the FSR of ‘A’ …

Ruling Against BP Clears Way for Appeal of Spill Payouts

A U.S. judge’s ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico oil spill, some of which BP called …

Commercial Rates Continued Up in March, Even for Large Accounts: MarketScout

Commercial insurance rates were up about five percent in March, according to the latest barometer from MarketScout and the National Alliance for Insurance Education and Research. Manufacturing continues to post the largest rate increases as compared to prior year results …

National News Archives by Month