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AIG Responds to Supreme Court ‘Fraud on the Market’ Ruling with D&O Endorsement

American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in securities lawsuits for the preparation of “event studies.” The endorsement …

Large Michigan Health Insurers Seeking Big Rate Increases in 2015

Most people buying their own health insurance in Michigan could see near double-digit premium increases next year. State insurance regulators said that dominant insurers Blue Care Network and Blue Cross Blue Shield want to raise rates by an average of …

Surge in Oklahoma Quakes Has Residents Seeking Answers

Oklahoma residents whose homes and nerves have been shaken by an upsurge in earthquakes want to know what’s causing the temblors — and what can be done to stop them. Hundreds of people were expected to turn out in Edmond, …

Louisiana City Enforcing Junked Vehicles Law

Lafayette, La., police are once again enforcing a law against rusting and broken-down vehicles. The move comes seven years after a lawsuit put the anti-blight effort on hold and forced a reworking of the city’s junked vehicle ordinance. Police Chief …

Popp to Join Lockton in Kansas City as Retirement Services President

Pam Popp is joining Lockton as president of its retirement services operation effective Sept. 2, based in Kansas City, Mo., the risk management and insurance services firm announced. Popp is a longtime retirement plan executive with experience both at CAPTRUST …

Detroit Bankruptcy Judge Rejects Insurer Requests

Detroit overcame efforts by bond insurers that might have slowed its plan to exit bankruptcy before the end of the year, while the judge on the case said he was open to taking a bus tour to see what shape …

$5.9M Settlement Proposed in Acadian Ambulance Lawsuit

A hearing on a proposed settlement in the $5.9 million class action lawsuit against Lafayette-based Acadian Ambulance company is scheduled for today in Louisiana’s Avoyelles Parish. The Advertiser reports 440 Louisiana residents have filed claims that they were overcharged by …

USG Names O’Brien as Production Manager in Southern California

USG Insurance Services Inc., a national wholesaler and managing general agent, named Jenny O’Brien as production manager in commercial lines for the Irvine, Calif. office. O’Brien joined USG in 2012 as a producer/broker. She began her career in the insurance …

Uber Faces Operational Setback in New Mexico

New Mexico regulators have denied a temporary operating permit for ridesharing company Uber. The Albuquerque Journal reported that the Public Regulation Commission voted 3-2 on Wednesday to withhold the permit from Uber Technologies. Commissioners say they could not grant the …

960K New Yorkers Sign for Insurance Under New Health Law

More than 960,000 New York residents have signed up for insurance under the state’s new health plan marketplace during its first enrollment period. The state issued a report Wednesday detailing how many people enrolled in coverage through the marketplace, part …

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