Bill to Delay Flood Insurance Rate Hikes Stymied by Shutdown Politics October 2, 2013 By Tamara Lush A bipartisan proposal to delay federal flood insurance rate hikes that took effect Tuesday is being stymied by a bitter...
Monsanto to Buy Weather Data Modeler, Farm Insurer Climate Corp. for $930 Million October 2, 2013 By Jack Kaskey Monsanto Co., the world’s largest seed company, agreed to buy The Climate Corp. for about $930 million to provide farmers...
Toyota Claims Plaintiffs Fabricated Fatal Acceleration Theory October 2, 2013 By Edvard Pettersson Toyota Motor Corp. said plaintiffs’ lawyers seeking to blame a fatal accident on unintended acceleration made up a theory of...
National PIA Installs New Officers; Virginia’s Lee Takes Helm as President October 2, 2013 The National Association of Professional Insurance Agents (PIA) has new national officers. Each will serve one-year terms that began on...
Supeme Court to Hear Patent Suits Fee Award Cases October 2, 2013 By Greg Stohr The U.S. Supreme Court will hear two appeals that would make it easier for targets of patent suits to collect...
Obamacare Day 1: Exchanges Struggled With High Demand; Fixes Promised October 1, 2013 By Alex Nussbaum The Obamacare insurance exchanges struggled to handle a flood of consumer interest that closed the U.S. website for much of...
Swett & Crawford Forms Construction Industry Group Headed by Mastrolia October 1, 2013 Wholesale broker Swett & Crawford has formed a Construction Industry Group to focus on providing insurance services to retail brokers...
CNA Said Looking to Sell Annuities Unit to Focus on P/C October 1, 2013 By Matthew Monks CNA Financial Corp., the insurer controlled by Loews Corp., is looking to sell its payout annuities business to focus on...
Judge Again Refuses to Exit New York AG’s Suit Against Greenberg October 1, 2013 By Chris Dolmetsch, Bloomberg Former AIG Inc. Chairman Maurice “Hank” Greenberg lost a second bid to have a judge remove himself from an eight-year-old...
Federal Oversight of Financial Markets to Continue During Shutdown October 1, 2013 By Clea Benson U.S. oversight of financial markets and institutions will operate largely as usual in the event of a government shutdown because...