Global Reinsurers at ‘Critical’ Point, Says Best’s Report April 26, 2011 A new special report, compiled by A.M. Best, concludes that the string of major catastrophes, a persistent soft market and...
SCOR to Buy Aegon’s Transamerica Reinsurance Unit for $913 Million April 26, 2011 By Gilbert Kreijger French reinsurer SCOR is set to pay $913 million for most of Dutch insurer Aegon’s Transamerica Reinsurance operations. When concluded,...
Tennessee Insurance Agents Win Investigation Protections, Lower Fines April 26, 2011 By Michael Adams Tennessee insurance agents who come under investigation by the state will enjoy some new due process protections and face lower...
Lockton Adds Employee Benefits Consultants in San Jose April 26, 2011 Four employee benefits consultants have joined Lockton in its San Jose, Calif. office: Linda Wieck, senior vice president and unit...
Alabama Boosts Tax Break for Small Businesses Buying Health Insurance April 25, 2011 Alabama Gov. Robert Bentley has signed legislation increasing the state income tax deduction that small businesses get for supplying health...
CEO of Florida’s Homeowners Choice Resigns for Personal Reasons April 25, 2011 Homeowners Choice Inc., a Clearwater, Florida-based provider of homeowners’ insurance, reported that Francis X. McCahill III has resigned from his...
SEC: Mid-Size Firms Should Follow Sarbanes Oxley Internal Control April 25, 2011 By Sarah N. Lynch Accountants at the U.S. securities regulator are recommending that medium-size public companies should not be exempted from a key auditing...
Top Judge on Delaware Business Court to Leave April 25, 2011 By Moira Herbst The chief judge of Delaware’s Chancery Court, whose rulings in cases involving Walt Disney Co, Hewlett Packard Co. and eBay...
Supreme Court Denies Fast Track for Healthcare Law Challenge April 25, 2011 By James Vicini The Supreme Court refused Monday to speed up a ruling on President Barack Obama’s healthcare overhaul, his signature domestic achievement...
Officials Say Oklahoma Tornado Causing Financial Woes April 25, 2011 By Bryan Dean and Sheila Stogsdill A tornado that destroyed 149 structures in Oklahoma’s Atoka County on April 14 is causing a major financial strain on...