The Oregon Public Employee Retirement Fund will recover losses that were attributable to a pattern of poor disclosure and bid-rigging by insurance giant American International Group Inc. (AIG), under a settlement announced by State Treasurer Ben Westlund and Attorney General …
Republicans should find things to like in President Barack Obama’s healthcare reform plan because they were taken from Republican bills or have been advocated by Republicans, the president’s top healthcare reform officials said Thursday. In an opinion piece for The …
Washington state insurance commissioner Mike Kreidler issued more than $400,000 in fines in 2009, as well as revoking the licenses of several insurance agents, the Office of the Insurance Commissioner announced. Kreidler’s office collected a total of $407,600 in fines …
Gov. Martin O’Malley said Thursday he would support requiring first-time drunk drivers to install ignition locking systems in their vehicles, so they couldn’t drive them if they’ve had too much to drink. O’Malley announced his support for the measure while …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit rating (ICR) of “aa” of The Cincinnati Insurance Companies (CIC) and its standard market property/casualty members. Concurrently, A.M. Best has affirmed the FSR of …
A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of CNA Insurance Companies (CNA) and its members. At the same time …
The Main Street America Group reported its 2009 financial results that included a 1.3 percent increase in net premium to $815 million, an 18.2 percent return on equity, and a 97.4 combined ratio for the year ended Dec. 31, 2009. …
Maryland, Virginia and Washington D.C. were particularly battered by a weekend snowstorm that caused massive power outages and resulted in moderate structural damage to areas in the region. At least two deaths were reported, and now the insurance industry is …
Fiesta Auto Huntington Beach, Calif.-based Fiesta Auto Insurance is combining its two business models — insurance and tax preparation — under one roof, quadrupling its presence to more than 80 locations. Launched in 1999 to provide auto insurance to Hispanic …
