InVEST has awarded $40,000 in scholarships to a select group of InVEST students, doubling the scholarship awards from last year. Four high school seniors will each receive $5,000 scholarships, while eight other seniors will benefit from $2,000 scholarships. Two community …
ING, the Dutch financial services and insurance group, announced that it has concluded an agreement with the New York Road Runners for the first-ever title sponsorship of the New York City Marathon. The city’s world famous race, held each fall, …
New York Department of Insurance Superintendent Gregory V. Serio announced that the state’s “Holocaust survivors will benefit from an initial payment of $1.1 million being allocated to four social service agencies that provide assistance to elderly, needy Jewish victims of …
Developers Surety and Indemnity Company, one of two underwriting companies within The Insco/Dico Group, is pleased to announce the completion of a $10 million surplus note offering that closed on May 22 at 2:00PM EST in New York. The additional …
The Alliance of American Insurers is urging Oklahoma Gov. Brad Henry to sign into law a bill that would limit insurer exposure under the Standard Fire Policy Act, thereby helping to stabilize the state’s commercial insurance market. “HB 1273, which …
A.M. Best Co. announced that it has affirmed the financial strength ratings of ‘A’ (Excellent) for the Zurich Financial Services Group (ZFS), Switzerland, and its core subsidiaries. “The outlook remains positive following the company’s release of first quarter results for …
Eliot Spitzer, New York’s Attorney General, and State Insurance Department Superintendent Gregory V. Serio jointly announced the arrest of three men, Michael Colon, Rafael Feliz and Fermin Gonell, named as defendants in a 44-count indictment voted by a Bronx grand …
It was a busy week for the New York Insurance Department’s Fraud Squad. In addition to arresting three men charged in a motorcycle scam ring in the Bronx (see previous article), Superintendent Gregory V. Serio also announced the arrest of …
Michigan Gov. Jennifer Granholm (D) has signed into law a bill limiting insurer exposure under the Standard Fire Policy Act. The state follows similar action earlier this year by Virginia, Minnesota and Nebraska, according to the Alliance of American Insurers. …
The Plan Manual of the New York Auto Insurance Plan has recently been updated to conform with Insurance Department regulations, adopted last November, which require insurers upon the written request of an insured, and upon payment of the premium, to …
