News

Edward Paul Verdin, 36, is one slippery character that couldn't make his way out of a sticky situation and pled guilty to mail fraud and money laundering violations in Lafayette, La.

Kingsway Financial Services Inc. said it is looking to dispose of non-standard automobile insurance subsidiary, Mendota Insurance Company.

The Florida Office of Insurance Regulation (OIR) said it has reached an agreement with a second reinsurer to participate in the state's market under modified regulatory terms.

The insurance industry needs to give greater support to nascent minority insurance producers or risk losing ground to the direct markets in the future, a New Jersey agents association president said.

Before making technology investments for Solvency II compliance, insurers need to understand their risk management profile and determine what is needed to fulfill the requirements, according to an analyst with the consulting firm Celent.

Changes in P&C insurance company employee compensation and further reductions in employee benefits at these firms are expected throughout 2010, according to a new study by the Ward Group.