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4 Mar 2009, 12:11 am
During the discussion, the staff of the NYSID walked the delegation through the mutual insurance company licensing process.The planned mutual municipal bond insurer would provide credit enhancement for municipal debt issuances in the same way as traditional for-profit monoline municipal bond insurers, but would avoid entering into the type of credit default swaps whose obligations have decimated the credit ratings of leading monoline municipal bond… [read post]
10 Jul 2019, 12:03 pm
Insurance Company of the State of Pennsylvania, manufacturer Federal-Mogul suffered more than $60 million in property and time-element losses following a 2011 flood in one of its factories in Thailand. [read post]
19 Nov 2006, 10:14 am
Nov. 18 - ING Groep NV, the largest Dutch financial-services company, can refuse to pay a life insurance claim from the widow of a West Virginia man who drank before dying in a car crash, a federal appeals court in Richmond, Va., ruled.Under terms of the policy, claims are payable only if an accident is "unexpected," the three-judge panel said. [read post]
7 Mar 2007, 10:55 am
I am the Director of Insurance for the Consumer Federation of America. [read post]
19 Nov 2011, 5:00 am
They often say to their insurance company, "I want full coverage. [read post]
18 Mar 2010, 7:21 pm
A percentage of each fee collected by 4 ACES was forwarded to the surety insurance company insuring the bond. 4 ACES’ share of the fees constituted virtually all of the company’s gross receipts. [read post]
20 Apr 2010, 5:46 pm
Metropolitan Life Insurance Company (“MetLife”) agrees to pay $13.5 million to the federal government to avoid prosecution of allegations that it violated the Employee Retirement Income Security Act, according to a Department of Justice Press Release by the San Diego Division of the Federal Bureau of Investigation. [read post]
12 Nov 2009, 11:27 am
Insurance companies are spending millions of dollars each year lobbying State and Federal government to limit medical malpractice victim's access to the courthouse with various tort reform measures. [read post]
20 Apr 2023, 7:55 am
In 2018, CDI commissioned a first-of-its kind climate risk scenario analysis of California insurers, analyzing the investment portfolios of insurance companies operating in California and earning over $100 million annually in national premiums. [read post]
18 Mar 2020, 2:00 pm
Travelers Property and Casualty Company of America, No. 12-cv-04418, 2014 U.S. [read post]
6 Apr 2009, 2:39 am
Like AIG, this new federal holding company is a firm that has no mechanism for [read post]
24 Aug 2011, 8:04 am
Insurance Agent Could Be Connecticut “Franchisee”This posting was written by Pete Reap, Editor of CCH Business Franchise Guide.An insurance agent plausibly alleged that the relationship between himself and an insurance company was a “franchise” under the meaning of the Connecticut Franchise Act (CFA) for purposes of the company’s motion to dismiss, a federal district court in Hartford, Connecticut has ruled. [read post]
25 Aug 2015, 7:02 am
Here are the materials in Texas Life Insurance Company v. [read post]
30 Oct 2019, 10:01 am
In Chicago Insurance Company v. [read post]
3 May 2022, 1:39 pm
In early 2018, the company was sued in a number of securities class action lawsuits in both state and federal courts. [read post]
10 Apr 2012, 4:56 pm
Under Minnesota law, life insurance companies must notify the Department of Commerce when benefits from a deceased policyholder's insurance policy go unclaimed for three years. [read post]
27 Oct 2016, 8:37 am
Therefore, FSOC should regulate companies as big as MetLife to minimize risk to prevent another AIG, which required the federal government to step in with $182 billion of public money. [read post]
25 Jul 2019, 1:55 pm
Most people assume their insurance companies are tightly controlling their health care dollars. [read post]
23 Jun 2022, 10:20 am
Insurance companies conduct surveillance of workers who have filed Jones Act and LHWCA claims for two main reasons: To Uncover Fraud – The insurance company may be following you to see if you are truly injured. [read post]
14 Nov 2022, 5:00 am
The court noted that this rule did not apply in a contract action involving an insurance company. [read post]
