Legislation giving consumers a stronger case to sue their insurance companies over denied claims cleared the Minnesota House on Thursday.
The House voted 81-51 for the so-called “good faith” bill, after adopting changes to make it more like the Senate version approved last week. Dubbed “bad faith” by opponents, the proposal has drawn legislators, lobbyists and [...]
For the first time, many low- and moderate-income families who purchased homes using private or government mortgage insurance will be able to deduct those premiums when they file their 2007 federal tax returns next month, says Kevin Schneider, president of the Mortgage Insurance Companies of America. The tax deduction was approved by Congress in late [...]
With the state capital consumed by the budget crisis, the property insurance crisis is no longer center stage. Yet coverage remains unaffordable and often unavailable in many areas, and the enormous financial risk the state and its residents have assumed for hurricane losses has not produced significant benefits. Lawmakers are still tinkering, but their efforts [...]
LTC Financial Partners (LTCFP) was honored for marketing excellence at the 2008 conference of the American Association for Long-Term Care Insurance, held in Atlanta, Georgia. Taking home four awards, the agency shared the limelight with leading insurance carriers that were also honored. The awards follow a spectacular growth in LTCFP’s size and national impact.
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Chartwell Independent Insurance Brokers LLC, a wholesale and specialty insurance broker in Scottsdale, has added an excess and surplus casualty division.
The Chartwell E&S Casualty Division will consist of Senior Vice President Colin Rice and Vice President Chad Krumbach and an account support team. The team will have national reach, but local focus in the West [...]
The DeWitt Stern Group, a fast-growing insurance broker and adviser based in New York, has opened a four-person outpost in San Francisco headed by newcomer Marilyn Quinlan, officials said late Thursday.
Quinlan, vice president and commercial division manager in the brokerage’s newest office, joined DeWitt Stern in January, from Arthur J. Gallagher & Co.’s San Francisco [...]
Wells Fargo Insurance Services Inc., a unit of Wells Fargo & Co., has named Mark Stokes as managing director of its San Francisco insurance brokerage office.
Stokes will also keep his job as managing director for property/casualty at the brokerage’s Petaluma and Santa Rosa offices, officials at Chicago-based Wells Fargo Insurance Services said Tuesday.
In San Francisco, [...]
Hawkamah Institute for Corporate Governance and the Arab Forum of Insurance Regulatory Commissions yesterday held the first Insurance Taskforce on Corporate Governance meeting in Dubai.
The event brought together insurance regulators, industry representatives and insurance experts from selected Middle East and North African (Mena) countries, and of the Financial Services Volunteer Corp to discuss the results [...]
The net profit of China Life, a Chinese mainland-based insurance giant, surge 94.8 percent year on year to 38.88 billion yuan (5.48 billion U.S. dollars), the company said in its annual results released Tuesday.
The results were within market expectations, analysts said.
Earnings per share was at 1.38 yuan (0.19 U.S. dollars). The directors proposed an annual [...]
Score one for Farmers Insurance and zero for some consumers.
The Texas Department of Insurance has rejected a complaint by Irving homeowner Michael Campbell and decided that the insurer acted properly when it collected an extra premium charge months after Mr. Campbell renewed his home policy and paid his annual premium.
Mr. Campbell was one of about [...]
