Carmel, Ind.-based Conseco Inc. stock fell after the company swung to a second-quarter loss and trimmed its full-year outlook. The weak results were partly due to higher-than-expected claims in the insurance holding company’s long-term care and specified disease businesses. Shares …
Any changes to state reinsurance collateralization rules for non-U.S. reinsurers should be judged on whether they produce savings that can be passed along to consumers, in the view of one influential state regulator. “My bottom line… [is] what will be …
A federal jury in Portland, Maine deliberated about 30 minutes before ruling in favor of Wendy’s restaurant chain in a lawsuit filed by a Standish woman who claimed a Wendy’s hamburger made her violently ill. Diane Roney, 57, was hospitalized …
Former state Assemblywoman Donna Ferrara has been elevated by Gov. George Pataki to chairwoman of the 13-member state Workers’ Compensation Board, a post that will pay the Long Island Republican $120,800 a year. Pataki put Ferrara on the state board …
OneBeacon Insurance Group, Ltd., a wholly owned subsidiary of White Mountains Insurance Group, Ltd., has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed underwritten initial public offering of up to $500 million …
Drivers who cause crashes because they’re wolfing down hamburgers or applying mascara would face fines under a transportation plan outlined recently by Independence Party gubernatorial candidate Peter Hutchinson. Hutchinson’s five-point plan included more conventional provisions including a 10-cent gas tax …
The Task Allen Beggs, President and co founder of QualCorp, Inc. announced that Anchor Consulting has signed on as QualCorp, Inc.’s approved Value Added Reseller of their newest insurance product – QueryPlus-AMS/AFW & QueryPlus-AMS/360 for the Western United States region. …
The Washington Office of the Insurance Commissioner has initiated the following enforcement actions: * Issued a $150,000 fine ($75,000 suspended) against Western National Assurance Co., Edina, Minn., for multiple violations discovered during the course of a market conduct examination covering …
An Alaska bill to make sure state-regulated insurance plans cover tests for colon cancer, the nation’s second most lethal form of cancer, was signed by Gov. Frank Murkowski. Screening is essential because colon cancer normally retreats if caught early. The …
California Insurance Commissioner John Garamendi has issued a statement announcing his intention to review and consider approval of an average 22 percent decrease in homeowners insurance rates for policyholders of United Services Automobile Association (USAA). The $55 million in proposed …