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Latest Insurance News

Insurance Journal News

 
P/C Executives to Dodd: Don't Shift Risky Firms' Costs to InsurersFri, 19 Mar 2010 15:04:17 -0500Property/casualty insurance companies, which already pay into state guaranty funds to backup claims of their insolvent peers, don't want to have to also pay into a federal fund to cover failures ...
Ethics Awareness Month Lesson: Don't Follow Greed Down the Wrong PathFri, 19 Mar 2010 13:23:44 -0500Insurance producers should be leery of managers who push them to "find the gray areas to increase the corporate bottom line," John Borbi warned them recently. Borbi should know. A former financial ...
Federal Healthcare Reform Triggering Opposition by StatesFri, 19 Mar 2010 12:45:09 -0500As the U.S. Congress once again rallies to pass healthcare reform legislation, momentum is growing in many states to pass laws to block the changes -- a move that could lead to a legal battle over ...
Ratings Recap: Am. Physicians, RenRe No. Am. (debt), Century/Brandywine, Ky. GrowersFri, 19 Mar 2010 12:35:17 -0500A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A-' (Excellent) and issuer credit ratings (ICR) of "a-" of American Physicians Group and its primary member, American Physicians ...
ISU Insure It All Joins ISU NetworkFri, 19 Mar 2010 11:35:01 -0500ISU Insure It All of Ammon, Idaho, has joined ISU International in the western region. ISU International is a national network of more than 90 independent agencies with offices coast-to-coast and ...

AM Best News

 
If U.S. Health Reform Passes, Long-Term Care Landscape Could Change 'Dramatically' Fri, 19 Mar 2010 17:09:35 If the U.S. Congress passes massive health reform legislation, it's likely to contain a little-known provision that creates a government-run long-term care insurance program. The Community ...
Major Insurers Object to Paying for Potential Failures of Other Financial Firms Fri, 19 Mar 2010 16:55:03 The Property & Casualty Leader Coalition, a group of major companies that recently emerged to oppose components of the congressional financial reforms, has sent another letter arguing against the ...
Brown & Brown Acquires N.J. Broker, MGA Fri, 19 Mar 2010 16:52:37 Brown & Brown Inc. said a subsidiary has acquired two New Jersey insurance agencies. Brown & Brown Metro Inc., a subsidiary of Brown & Brown, has acquired "substantially all of the assets" ...
Hartford Prices Senior Notes as Part of Plan to Repay TARP Fri, 19 Mar 2010 16:40:23 Hartford Financial Services Group Inc. announced pricing for $1.1 billion in senior debt it expects to offer as part of a plan to sell stock and debt to repay the federal government $3.4 billion the ...
A.M. Best Affirms Ratings of VICTORE Insurance Company Fri, 19 Mar 2010 15:56:24 A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb” of VICTORE Insurance Company (VIC) (Oklahoma City, OK). The outlook for both ratings is ...

WC Exec News

 
Flash: Nevans Fires Back at the Legislature over PDRSThu, 11 Mar 2010 11:33:55 GMTIt's still not ready and what's the excuse? Click here to find out what the Division of Workers' Compensation saying now about the missed deadline?
Publius: CV That Time of YearTue, 09 Mar 2010 10:31:42 GMT

Publius sends up the quadrennial rebirth of the not-so-rare California Regulator. It's an interesting perspective and one well worth the read. Clear content, so click here to read it.

Final Workers’ Comp Bills Trickle InTue, 09 Mar 2010 10:27:51 GMTMore workers' comp bills slide in just before the deadline. Anything juicy? Click here to find out.
State Fund Plays “Hide the Contract,” Then RelentsTue, 09 Mar 2010 10:15:33 GMTState Compensation Insurance Fund is still looking for a new president, but the terms of the new recruiting effort are a little hazy. Workers' Comp Executive brings sunshine to the cause and reveals a terms of previous contracts. How much has it paid recruiters in the past? Find out by clicking here
CRM Looking for “A-” Partner for MajesticTue, 09 Mar 2010 10:00:42 GMTMajestic Insurance Company's parent has a plan for correcting its past missteps. What does this mean for its California operations? Premium subscribers click here to get the full story.

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Latest Business News

AP Business News

 
Thousands of BA flights canceled as crew on strikeSat, 20 Mar 2010 13:08:08 GMTLONDON (AP) -- British Airways canceled more than 1,000 flights after its cabin crew launched a three-day strike Saturday, wreaking havoc on the plans of tens of thousands of passengers just before the busy spring holiday season....
Bernanke: Keep Fed as watchdog of small US banksSat, 20 Mar 2010 13:35:41 GMTWASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke made a fresh pitch Saturday to retain oversight of small banks, contending that what the Fed learns from that role helps it assess the overall health of the entire U.S. financial system....
Obama tells Congress: Act soon on financial reformSat, 20 Mar 2010 13:14:24 GMTWASHINGTON (AP) -- The U.S. needs major changes to its financial system so consumers are better protected, banks fortified and the economy safeguarded from sliding into another Depression, President Barack Obama said Saturday....
Letter: Lehman accounting tricks possibly illegalSat, 20 Mar 2010 06:35:38 GMTNEW YORK (AP) -- A Lehman Brothers whistleblower warned his bosses that accounting gimmicks the bank used before its collapse may have been illegal, his lawyer said Friday....
India unexpectedly hikes rates a quarter pointSat, 20 Mar 2010 09:11:14 GMTMUMBAI, India (AP) -- India's central bank has unexpectedly hiked key interest rates a quarter of a percentage point, as the bank tries to cool high inflation amid a faster-than-expected economic rebound....

CNN Business News

 
Bernanke: Fed should oversee all banksSat, 20 Mar 2010 09:07:03 EDTAs Congress considers limiting the Federal Reserve's regulatory authority to just the country's largest bank holding companies, Fed Chairman Ben Bernanke reiterated on Saturday that the central bank should retain power over banks of all sizes.
Pell grants on the lineSat, 20 Mar 2010 09:00:39 EDTOn Sunday, the House is set to vote on an historic overhaul of the nation's health care system. It will also take up an issue that will get far less attention but could affect the wallets of millions of Americans.
Dodd calls for Lehman Bros. investigationSat, 20 Mar 2010 09:51:40 EDTA year and a half after Lehman Brothers' collapse, Senate Banking Committee Chairman Chris Dodd, D-Conn., is calling for a federal investigation into the "Lehman situation" and other companies that may have fudged their balance sheets, contributing to the financial crisis.
Saved GM dealers ready to start selling againFri, 19 Mar 2010 15:22:25 EDTThe 661 auto dealers General Motors is offering to reinstate received letters this week with the deal terms -- and some breathed sighs of relief. They'll be able to get their franchises back without a pricey and protracted battle.
Tax breaks for job seekers and homebuyersFri, 19 Mar 2010 14:24:39 EDTQuestion 1. May I claim gas and Internet costs on income taxes for job seeking? -- F. Henderson