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California insurance commissioner John Garamendi announced a new online system that will allow insurers to renew licenses and change their address of record electronically. Prior to the new service,
Congress has given the green light to another increase in the Federal Emergency Management Agency's borrowing authority to pay flood claims from Hurricane Katrina, but lawmakers are growing
Overall, Bank of America property-casualty analyst Brian Meredith called the carrier's $1.1 billion after-tax negative reserve development, along with its $1.64 billion settlement with state and
Three former General Reinsurance executives and one who was once with American International Group pleaded innocent last week to charges that they helped AIG improperly bolster its earnings reports.
In a brief statement, AIG did not go into why it is terminating the relationship, but merely said that all business formerly underwritten by Starr Tech on its behalf will be managed by New York-based
Agency Specialty Product Network (ASPN), a subsidiary of Aon Corp., said it has joined with BISYS/Tri-City Brokerage and BISYS Commercial Insurance Services Inc. to provide independent agents and brok
Close to two years after New Jersey enacted a sweeping personal auto insurance reform program, an industry group said the state's market is showing signs of a healthy recovery, but additional measures
Like downgrades announced yesterday by A.M. Best (to "B-double-plus") and earlier this morning by Standard & Poor's (to "triple-B-plus"), the cut came in the wake of PXRE's announcement yesterday that
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