UK’s New Regulators Take Over; FCA Now Responsible for Insurance Sector April 1, 2013 By Charles E. Boyle In a move that is certainly not an April Fool’s Day joke, the Financial Services Authority (FSA), which has been...
Post Office to Run Flood Insurance Program April 1, 2013 Congress has authorized the National Flood Insurance Program (NFIP) for an extended period of six months, or until the next...
Allianz Teams with Borealis Infrastructure to Buy Czech Gas Pipeline Operator April 1, 2013 Germany’s Allianz SE has partnered with Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS),...
Project CAP CEO Bacciocco Shares Views on Consumer Agent Portal and 2013 April 1, 2013 By Andrea Wells Independent agents should soon be getting some help with their personal lines sales— better late than never. The delayed Consumer...
Federated Rural Electric Insurance Exchange Rating Upgraded April 1, 2013 A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to...
Missouri House Passes Medical Provider Liability Limit April 1, 2013 By Chris Blank The Missouri House has approved legislation seeking to reinstate a cap on some damages in medical malpractice lawsuits that the...
Missouri AG Files Suit over Lingering Fire at Landfill April 1, 2013 By Jim Salter Missouri Attorney General Chris Koster filed a lawsuit against the operators of a St. Louis County landfill where two years...
Big Banks Win Dismissal of Most LIBOR Rate Rigging Claims March 31, 2013 By Carrick Mollenkamp and Nate Raymond The world’s biggest banks won a major victory on Friday when a U.S. judge dismissed a “substantial portion” of the...
Hanover Insurance to Sponsor Basketball Hall of Fame’s Annual Event March 29, 2013 The Hanover Insurance Group said it will be the main sponsor for the Naismith Memorial Basketball Hall of Fame’s 2013...
Louisiana Couple Arrested for Possessing $165K in Stolen Vehicles March 29, 2013 Louisiana State Police announced that insurance fraud detectives have arrested a Lake Charles couple for charges relating to possession of...