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SAVANNAH, GA.--The effort to repeal insurers' anti-trust exemption under the McCarran-Ferguson Act in this congressional session remains "an answer in search of a problem," according to a former insura
North Dakota Rep. George Keiser, R-Bismarck, sponsored the legislation approved at Friday's session, which he said offers comprehensive guidance to states interested in establishing a statewide buildi
Bloomington, Ill.-based State Farm Mutual Automobile Insurance Company said it will pay $1.25 billion in dividends to its mutual auto insurance policyholders in 46 states, the District of Columbia and
The bill up for discussion by the Senate Commerce Committee is sponsored by its chairperson, Sen. Nia H. Gill, D-Montclair. Her spokesman, Vince Matthews said the senator believes the use of education
Under the agreement, holders of Bristol common stock will receive $22.50 per share in cash--close to 39 percent above the March 1 closing price of $16.21. Farmers is a wholly-owned subsidiary of Zurich
Under the agreement, holders of Bristol common stock will receive $22.50 per share in cash--close to 39 percent above the March 1 closing price of $16.21. Farmers is a wholly-owned subsidiary of Zurich
The National Conference of Insurance Legislators' decision to postpone action indefinitely came after a representative for health insurers told legislators that pharmacy benefit managers are not a pro
American International Group, Inc. reported yesterday that 2006 fourth quarter net income skyrocketed 674 percent-- increasing by nearly $3 billion--led by its general insurance business after a year
As of Thursday the department said it has received 386 complaints from homeowners who say Allstate improperly canceled its coverage with them. The insurer meanwhile said it is committed to contacting
Mr. Duperreault, who will remain on the company board, said he was "proud to pass the reins" to Mr. Greenberg, whom he said had "proven his leadership through the performance of our company in aperiod
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