Michigan Gov. Rick Snyder has signed legislation that will eliminate some extra fees that are imposed on drivers for certain traffic offenses. Senate Bill 166 repeals pieces of the state’s “driver responsibility” program that adds extra fees to some offenses …
Louisiana Insurance Commissioner Jim Donelon is requesting the U.S. Department of Health and Human Services (HHS) to reconsider its denial of the medical loss ratio (MLR) waiver that the state requested earlier this year. The MLR is a requirement of …
Itasca, Ill.-based Euclid Insurance Services Inc. (Euclid) has hired Daniel Aronowitz and four other nationally recognized specialty insurance experts to form Euclid Specialty Managers LLC (Euclid Specialty). Euclid Specialty is a program administration company that manages specialty insurance programs with …
The parent company of managing general agent San Diego, Calif.-based Arrowhead General Insurance Agency Inc. has entered into an agreement to be acquired by Brown & Brown Inc. The purchase price is $395 million, subject to adjustments for certain items …
Supporters of tougher laws against distracted driving said Wednesday they hoped the National Transportation Safety Board’s call for an outright ban on all non-emergency cellphone use by motorists would encourage Massachusetts to expand on a law that bars texting while …
The Insurance Institute for Highway Safety announced winning vehicles for this year’s Top Safety Pick. Good news for drivers: at 115, the number of winners is greater than ever this year. The award recognizes vehicles that do the best job …
Following its announcements, made earlier this week, A.M. Best Europe – Rating Services Limited is continuing to take rating actions on a number of European (re)insurers, as a result of the continued negative developments regarding the euro zone sovereign debt …
A $10.6 billion lawsuit against U.S. oil company Chevron and rig contractor Transocean could further cool an increasingly chilly investment climate in Brazil’s natural resources industry. The lawsuit, filed as a result of a small oil spill off Brazil’s coast …
French reinsurer SCOR Group has estimated its losses from the floods in Thailand at €140 million [$185 million] net of retrocession and before tax. SCOR described the floods as a “major natural catastrophe, which have taken the lives of more …
Insurance Australia Group Limited (IAG) announced it had entered into an agreement to purchase the AMI insurance business for NZ$380 million (approximately A$288 million [US$287.96 million), enhancing its position as New Zealand’s leading general insurer. IAG’s bulletin noted that the …
