2010’s Top Insurance Stories in the West December 23, 2010 By Patricia-Anne Tom In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of...
RLI To Acquire Contractors Bonding Insurance Co. December 23, 2010 Peoria, Ill.-based RLI Corp. announcedthat it will acquire Contractors Bonding Insurance Co. (CBIC) through an acquisition of its holding company,...
ÌìÃÀÍøÕ¾´«Ã½´«Ã½ to Pay States $146 Million In Workers Compensation Settlement December 23, 2010 American International Group Inc. (ÌìÃÀÍøÕ¾´«Ã½´«Ã½) has agreed to pay $146.5 million in fines and additional taxes to state insurance regulators...
SPECIAL REUTERS REPORT: Inside ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s Tortuous Turnaround December 22, 2010 By David Lawder and Paritosh Bansal During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group...
Health Insurers Face New Scrutiny Over Price Hikes December 22, 2010 By Susan Heavey U.S. health insurance companies that want to increase premiums by 10 percent or more next year would face tougher government...
New York Suit Accuses Ernst & Young of Hiding Lehman Troubles December 22, 2010 By Grant McCool Accounting firm Ernst & Young was sued by New York prosecutors over allegations it helped to hide Lehman Brothers’ financial...
President Obama Expected to Sign Food Safety Overhaul Bill December 22, 2010 By Christopher Doering The ailing U.S. food safety system moved closer Tuesday toward its biggest overhaul in more than 70 years after the...
Wisconsin Settlement with Time Insurance Co. Includes $280K Fine December 22, 2010 Wisconsin Insurance Commissioner Sean Dilweg announced a regulatory settlement with Time Insurance Co., a health insurer headquartered in Milwaukee, that...
Oklahoma Legislator to Continue Push for Workers’ Comp Reform December 22, 2010 An Oklahoma state representative says he’s prepared to introduce legislation to further improve the state’s workers’ compensation system. Rep. Mark...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission December 21, 2010 By Andrew G. Simpson Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help...