AIG Recapitalization Deal Closes January 17, 2011 By Ben Berkowitz The recapitalization of bailed-out insurer American International Group Inc. closed last Friday, leaving the government with a 92 percent stake...
North Dakota Brothers Sentenced in Insurance Fraud Scheme January 14, 2011 Two brothers accused of causing more than three dozen car crashes in Fargo, N.D., over two years in an insurance...
AAIS Develops New Form For Insuring Renewable Energy Generating Equipment January 14, 2011 Inland marine insurers now have access to new policy forms designed for insuring property losses to renewable energy generating equipment...
Report: California’s ‘Other Big One’ Could Cause $300B in Damages January 14, 2011 California could be subject to a powerful series of storms, capable of costing $300 billion in damages — three times...
Oklahoma Lawmaker Tackling Use of Cell Phone While Driving January 14, 2011 Oklahoma state Rep. Danny Morgan, D-Prague, plans to file legislation to restrict the use of cell phones while driving. The...
Ohio’s Buckeye Insurance Group Launches Marias Technology January 14, 2011 Buckeye Insurance Group, of Piqua, Ohio, has formed Marias Technology, an information technology company. The company’s announcement said Marias Technology...
Elliott, Powell, Baden & Baker Insurance Add Ginther to Insurance Team January 14, 2011 Elliott, Powell, Baden & Baker’s Insurance team has named Elizabeth Ginther a select account specialist. Ginther brings with her nearly...
Texas Governor Calls for Expanded Lawsuit Reform January 14, 2011 Texas Gov. Rick Perry is urging state lawmakers to further expand the lawsuit reforms that the state has enacted in...
Insurers Lash Out at New York ‘Crash Tax’ January 14, 2011 The insurance industry will speak out against what it is calling a hidden “crash tax” in New York City during...
Brown & Brown Subsidiary Acquires Assets of Nies Insurance Agency January 14, 2011 Brown & Brown Inc. subsidiary Fullerton & Co. Inc. has substantially all of the assets of Nies Insurance Agency Inc....