New Jersey Governor Jon S. Corzine has appointed Neil Jasey as interim commissioner of the Department of Banking and Insurance (DOBI), effective immediately.

New York-based insurer American International Group, Inc., said late Friday that it has closed on a deal to sell its consumer finance operations in Mexico.

Kansas City, Mo.-based insurance broker Lockton said it has taken a key shareholding interest in Perth, Australia-based insurance broker Australian Reliance.

The majority of respondents to a health care reform survey were not in favor of an employer mandate or government-sponsored public health plan, according to Aon Consulting, a unit of Chicago-based insurance broker Aon Corp.

As peak hurricane season approaches, both insurers and government officials are outlining their strategies and plans to protect against what is expected to be an increasing number of catastrophic storms.

NCOIL is opposing the proposed creation of a federal commission to examine state workers' compensation laws, arguing that the recommendations of a similar commission in the past led to a crisis in the marketplace.

Aon Corp. announced that it will pay a quarterly cash dividend of 15 cents per share on outstanding common stock on Aug. 17 to shareholders of record as of Aug. 3.

It was impressive to see over 1,000 agents march on Capitol Hill so Congress doesn't take them for granted on health reform, but they have a steep climb to head off a public insurance plan, warns NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.