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Hannover Re, named as the first foreign reinsurer to qualify for reduced collateral requirements in Florida, said the state has approved its Bermuda subsidiary to benefit from the same law.
Marsh & McLennan Companies agreed to pay Ohio $4.75 million to settle an antitrust lawsuit stemming from allegations that the company's insurance brokerage firm engaged in a bid-rigging and kickback scheme in return for lucrative contingent commissions.
The combination of slowing price increases among a decreased number of air carriers indicates that the airline insurance marketplace may be stabilizing overall, according to a report from Aon.
"Tropical Depression Sixteen" has formed in the Caribbean Sea and is expected to hit Cuba Tuesday night as a tropical storm before moving toward Florida the following day, according to the National Hurricane Center (NHC).
The insurance industry and safety agencies remain divided over whether laws to ban distracted driving are indeed reducing highway accidents and deaths.
Two industry analysts will discuss how technology can help improve auto claim customer satisfaction levels in a webinar being hosted by Claims Magazine next week, Oct. 5, 2010, at 2pm ET.
A federal judge in New York has denied a request by American International Group (AIG) to have a securities fraud class action lawsuit against it dismissed.
The National Conference of Insurance Legislators (NCOIL) is urging the National Association of Insurance Commissioners (NAIC) to get behind its credit-based insurance scoring model law and drop an idea to conduct a "questionable data call."
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