The Ramsey County, Minn., judge overseeing state spending in the government shutdown has ordered continued funding for several Minnesota Historical Society operations and continued pension payments for former state executive officers but denied a request to fund insurance investigators at …
A jilted professional football player has filed a lawsuit to compel the safe return of the $76,000 engagement ring he offered in a marriage proposal-by-mail. An insurance company investigation determined the bauble was in the possession of the wide receiver’s …
States deciding whether to set up health insurance exchanges will get more information today when the Obama administration reveals more on how these complex marketplaces will work. The federal government has so far given few details on this transformative part …
The National Association of Insurance Commissioners (NAIC) has hired a former Capitol Hill advisor as manager of International Relations. Eric Thompson will be responsible for coordinating state insurance regulators’ efforts on key international financial regulatory issues. The NAIC International Relations …
Limiting the tax break for employer-provided health insurance became a bargaining chip on Friday in congressional negotiations to beat an Aug. 2 deadline for averting a U.S. default. “Limiting the deduction for the higher income brackets is something that is …
A federal appeals court has agreed that Continental Insurance Co. did not have a duty to defend asbestos injury claims against the automotive supplier Federal–Mogul Corp. as its umbrella carrier because the primary coverage provided by three other insurers had …
Reacting to the recent spate of major natural catastrophes, insurers are being more selective in the capital they deploy and have in some cases withdrawn from catastrophe affected regions and loss-making sectors of business, according to leading insurance broker Marsh. …
Alabama Gov. Robert Bentley has appointed 24 people to a panel that will examine the state’s insurance market and suggest improvements. The commission will be led by Baldwin County Probate Judge Tim Russell. Bentley has said he’ll hold a special …
A controversy in the California workers’ compensation market over a revised provider contract threatens to erupt into an all-out legal brawl as doctors for injured workers and applicants’ attorneys take aim at the state’s largest carrier. The nonprofit State Compensation …
California Insurance Commissioner Dave Jones announced on July 8 the “successful implementation” of a court-approved rehabilitation plan for Majestic Insurance Co., a plan that has been opposed by New York officials and some of Majestic’s contractor customers. Designed to protect …
