The National Council of Insurance Legislators last week urged the Internal Revenue Service and the Federal Trade Commission to reconsider proposed rules that the organization said encroaches on state regulation. The first of the letters from NCOIL addresses a years …
Bob Rusbuldt — set to retire in about two months as chief executive of the Independent Insurance Agents and Brokers of America (The Big I) — was relinquished of his duties after an interview he conducted with Fox News host …
The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, saying state regulatory efforts are fragmented and limited. FIO, part of the U.S. Department of the Treasury and formed …
Root Inc’s former chief marketing officer – accused in a lawsuit by the company of syphoning $10 million from it – was ordered detained for contempt of court, and he will need to find another way to pay his attorneys. …
Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 “business actions update” Nationwide announced moves “to mitigate risk and manage the personal and commercial lines …
In a June 9 ruling, a federal judge denied Aon a temporary restraining order against Alliant Insurance Services related to the latter’s alleged “unlawful raid” of employees to start a reinsurance business. Last month, Aon filed suit against Alliant, claiming …
New Farmers Group CEO Raul Vargas has reversed a prior company decision to allow most workers to do their jobs from home by instituting a hybrid work schedule starting in September. Despite some employees reportedly making major life changes – …
According to court records, Root Inc’s former chief marketing officer – accused of stealing about $10 million from the company – has not made court appearances, spent money in violation of court orders, and has a bench warrant out for …
A federal judge in Atlanta this week awarded USI Insurance Services more than $2 million in compensatory and punitive damages to be paid by three former executives of its aviation group for breach of their employment contracts. According to court …
American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during the fourth quarter, includes AlphaCat and renewal rights …
