The cars at the center of General Motors Co.s February recall were still on the drawing board when a top engineer gathered more than a dozen managers and delivered a fateful message: Build them for less.
Florida regulators continued the crackdown on high rates for force-placed homeowners insurance, announcing it has ordered American Security Insurance Co. to reduce its current rates by 10 percent.
Florida regulators continued the crackdown on high rates for force-placed homeowners insurance, announcing it has ordered American Security Insurance Co. to reduce its current rates by 10 percent.
A lawsuit filed in federal court in Manhattan, and a judges recent ruling prompted by that suit, is further raising the financial stakes for insurance carriers who provided force-placed coverage for mortgage servicers during the housing bust and its aftermath.
A federal court in Miami has cleared the way for final action in a force-placed insurance lawsuit against J.P. Morgan Chase that is consistent with the emerging belief that federal courts are going to come down harshly on the side of consumers in FPI litigation.
A federal court in Miami has cleared the way for final action in a force-placed insurance lawsuit against J.P. Morgan Chase that is consistent with the emerging belief that federal courts are going to come down harshly on the side of consumers in FPI litigation.
Appointments to boards and committees at The MEMIC Group, Combined Agents of America LLC and Property Casualty Insurers Assn. of America. Aon Global Risk Consulting acquires Dempsey Partners. New Program at Distinguished Programs.
Insurance Industry Charitable Foundation presents Women in Insurance Luminary Leadership Award; New programs at The Hartford, Acadia and Spectrum Wholesale; GMAC Insurance changes name.