France’s Credit Lyonnais (CL) and the Consortium de Réalisation (CDR), a French government agency established to handle the bank’s debt mountain in 1995, have agreed with federal prosecutors in Los Angeles to pay aprroximately $575 million in order to settle …
The Independent Insurance Agents of Texas announced it is urging its 2,000 independent insurance agency members to support Proposition 12 in the upcoming Sept. 13 election. In a letter to members, IIAT President Jim Berger said, “Your support is critical …
Beginning earlier this week, the Department of Homeland Security was scheduled to begin offering special liability/immunity protections to companies that develop technologies to help in the war against terrorism. Among the reported controversial products being developed are new technologies such …
Looking to drum up support and gain in the polls in the race for California governor, Peter Ueberroth visited San Diego last week and held a town hall meeting in Mission Valley. Peter UeberrothWatch Video(Windows Media)Length: 10 min 25 sec …
Saying that the time is now for reform, Insurance Commissioner John Garamendi highlighted the plight of nonprofit agencies across the state that have been burdened with soaring premiums due to the condition of the state’s broken workers’ compensation system Sept. …
The California Department of Insurance’s proposal to further regulate the special investigations units of insurance companies is excessive and unnecessary according to the Alliance of American Insurers. In written comments on the Department’s proposed emergency regulations, Alliance vice president and …
Saying that the time is now for reform, Insurance Commissioner John Garamendi highlighted the plight of nonprofit agencies across the state that have been burdened with soaring premiums due to the condition of the state’s broken workers’ compensation system Sept. …
New Jersey Attorney General Peter Harvey announced that a former Morris County insurance agent has pleaded guilty to reportedly stealing more than $600,000 from the annuity accounts of seven clients who had entrusted the agent to properly invest the funds …
Louisiana Insurance Commissioner Robert Wooley announced that two insurance agents, Jonathan Horace Jones and his wife Cindy Marie Jones, both of New Iberia, were arrested and their insurance agency was shut down for alleged misappropriation of insurance funds. Department of …
GE’s Employers Reinsurance Corporation responded to Standard & Poor’s A+ rating by reaffirming the company’s financial strength and progress on its turnaround. “S&P’s rating says more about our past than our future,” said Ron Pressman, chairman, president, CEO. “We have …