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After Stormy 2008, P/C Industry Facing Uncertainty in New Year Jan 5, 2009
Ask agents and executives in the insurance industry about the new year and they'll say they expect that the market will harden, at least slightly. In fact, 73 percent of ...- Connecticut Levies $5.9M Fine for Hole-in-One Prizes Jan 6, 2009
Connecticut officials have levied a $5.9 million fine against a man who runs businesses paying for hole-in-one prizes on behalf of clients. The state Insurance ... - Illinois Prison Inmate's Family Wins $13 Million Settlement Jan 6, 2009
An Illinois prison inmate who killed his cellmate after apparently warning guards three times that's what he planned to do must pay the dead inmate's mother $13 million. ... - $2.5M Settlement Reached in Vermont Fatal Accident Jan 6, 2009
A settlement has been reached in a fatal crash in Westmore that killed two teenagers five years ago and pitted the parents of the driver and the teens against each ... - 2008: Top Stories of the Year Jan 5, 2009
2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world's largest and most successful ... - AIG's Lexington to Manage AIG Public Entity Casualty Insurance Accounts Jan 6, 2009
AIG Commercial Insurance will service all casualty insurance coverage for the public sector through its Lexington Insurance Co., the insurer announced. Specifically, ... - Four in Florida Charged in $1 Billion Viatical 'Ponzi' Scheme Jan 6, 2009
Four Mutual sales agents with Mutual Benefits Corp., a viatical and life settlement company, for their alleged involvement in a scheme that officials say raised more than ... - AIG's Boren, O'Brien to Head New Ironshore Environmental Insurance Unit Jan 6, 2009
Bermuda-based Ironshore Inc. announced that Joe Boren and John O'Brien have joined as CEO and president, respectively, of its newly established Environmental Insurance ... - Johnston Named CEO of AIG Environmental; Hanna Named COO Jan 6, 2009
AIG has named Russell Johnston as president and CEO of AIG Environmental, a unit of AIG Commercial Insurance. Johnston assumes management responsibility for AIG ... - U.S. House Panel Postpones Hearing into Use of Bailout Funds Jan 6, 2009
A U.S. congressional panel postponed a Wednesday hearing on the Treasury Department's use of a $700 billion financial bailout fund and priorities of president-elect ... - HCC Acquires Massachusetts-Based Lumber Underwriter, VMGU Insurance Jan 6, 2009
Houston-based specialty insurer HCC Insurance Holdings, Inc. has acquired VMGU Insurance Agency, an underwriter of the lumber, building materials, forest products and ... - Victoria Insurance Co. Changes Name to Cranbrook Insurance Jan 6, 2009
Victoria Insurance Co., a wholly-owned subsidiary of Michigan-based USF Insurance Co., has changed its name to Cranbrook Insurance Co., effective Jan. 1. Cranbrook is ... - Fireman's Fund Insures Payment Card Security Breach for Retail Stores Jan 6, 2009
Fireman's Fund Insurance Co. is introducing the first coverage for retailers that experience a breach of their payment card security system. According to the insurer, ... - Florida Task Force Set to Vote on Citizens Insurance Reforms Today Jan 6, 2009
An 11-member task force charged with making recommendations on how to depopulate Florida's high risk property insurer and return it to its original purpose as a market of ... - Greenbrier Owner Weighs Options for Money-Losing West Virginia Resort Jan 5, 2009
Railroad operator CSX Corp. has hired New York investment banker Goldman, Sachs & Co. to help determine what to do with the money-losing luxury resort. The aim is to ... - Study: California Earthquake Would Accelerate US Mortgage Meltdown Jan 6, 2009
In light of current economic conditions, a major catastrophe such as an earthquake in California would bring new misery to both U.S. and international financiers, ... - Allstate To Raise California Homeowners' Insurance Rates 6.9% Jan 6, 2009
The California Department of Insurance has approved Allstate Insurance's request to raise its homeowners multi-peril insurance rates 6.9 percent. For information, visit - Two Major Insurance Recovery Law Firms Merge Jan 6, 2009
National insurance recovery law firm Anderson Kill & Olick, P.C. continues to grow its national practice through its merger with Wood & Bender LLP. Based in southern ... - Colorado Proposes Rate Filing Changes Jan 5, 2009
Colorado's Division of Insurance is proposing to amend regulation 5-1-10, Rate and Rule Filing Submission Requirements for Property and Casualty Insurance, "to ensure that ... - New York City Cabs Could Get Cameras in Accident-Curbing Plan Jan 6, 2009
New York City plans to install digital cameras on the outside of cabs in an effort to detect reckless driving and deter auto accidents. But a taxi drivers' advocacy group ... - Carolina Contractors Endorse Swett & Crawford Stucco Insurance Jan 6, 2009
Wholesale insurance broker Swett & Crawford has won the endorsement of the Carolina Lathing & Plastering Contractors Association for its insurance program designed ... - Family of Utah Mine Collapse Victim Awarded Money Jan 6, 2009
A coal company has been ordered to pay full benefits to the family of one of the six miners killed in the 2007 collapse of the Crandall Canyon mine. An administrative ... - Williams Promoted to Commercial Underwriter at First Premium Jan 6, 2009
Covington, La.-based First Premium Insurance Group Inc., a growing regional property and casualty insurance broker and certified managing general agent, has promoted ... - Insurance at Issue for Mo. Homeowners Using Wind Turbines, Solar Panels Jan 5, 2009
Problems have arisen with a new Missouri law that was supposed to make it easy for residents powering their own homes to put in wind turbines or solar panels. The idea ... - Brown & Brown Insurance Buys New Jersey's Gallagher Associates Jan 5, 2009
Florida-based insurance agency Brown & Brown, Inc. has purchased the assets of Gallagher Associates in Blackwood, New Jersey. Gallagher Associates, with annualized ...