Enacted catastrophe-related laws increased dramatically in the states last year, according to the annual survey of state insurance laws prepared by the National Association of Mutual Insurance Companies (NAMIC). “Ten states enacted 17 catastrophe-related bills last year as compared to …
French insurance giant AXA SA said Thursday that improving sales in its life insurance and asset management businesses helped lift 2006 profit 18 percent. Beating analysts’ predictions, AXA’s net income rose to 5.09 billion euros ($6.69 billion) last year from …
Standard & Poor’s Ratings Services said in a new report that the risk management practices and internal control policies of Japan’s insurers are coming under increasing scrutiny following a series of public scandals over nonpayment of insurance claims. At the …
Cleveland, Ohio-based KeyCorp Bank will receive $279 million from a Swiss insurance company to settle a six-year-old lawsuit over losses it claimed in its car leasing business. The settlement, disclosed this week in a filing with the U.S. Securities and …
The state has agreed to accept $175,000 from an insurance company to settle a lawsuit against a charitable organization accused of misspending money. Indiana Attorney General Steve Carter announced this week that the state agreed to accept the money to …
You’re at the track and the pony you bet on came up a winner. Your homework paid off—you knew the horse likes the mud and the inside post and has a family tree full of Triple Crown winners. You go …
New Jersey public schools can be held liable for repeated, prolonged student-on-student sexual harassment, the state Supreme Court ruled this week in a case brought by a boy who contended he was victimized by years of homophobic taunts and attacks …
Stepped-up inspections at some meat and poultry plants are set to begin in April, according to an Agriculture Department official overseeing the first overhaul of food safety inspections in a decade. The new policy is designed to increase scrutiny of …
Buffalo Bills cornerback Terrence McGee thought he was set for life when the signed a contract extension that included a $5 million bonus. Some 16 months later, McGee’s financial picture doesn’t look so secure: He filed a lawsuit this week …
Custard Insurance Adjusters Inc. promoted Robert Soby to chairman of the board and chief executive officer and Rick Linville to president. While Soby and Linville have led CIA in most facets of operations and sales for some time, the announcement …