Salaried employees were made a buyout offer late last month in the form of "enhanced severance in exchange for voluntary termination," noted Mr. Trevino. If the number of volunteers falls short of

Appeals court weighs in for third time, with ultimate verdict up in the

A Texas Supreme Court decision to review its ruling giving carriers the ability in certain cases to pay a settlement and then seek a refund from the insured has set up a major battle between two

State insurance regulators should "forgo any further discussion or consideration of the proposal," the groups write in the letter, which was sent to NAIC President Alessandro Iuppa, the Maine

While melding various units, Acordia buyer takes aim at big-three

Some see hikes as high as 33 percent, but overall market appears

An analysis by the Consumer Federation of America contends that those who are driving less as a result of higher gasoline prices could save an average of 5-to-10 percent--about $47 to $94--on their

U.S. property-casualty insurers sustained a record $56.8 billion in insured property losses from 24 catastrophic events last year--more than double the previous high of $27.3 billion, when a "grand