News

Countrywide’s Mozilo Said to Face U.S. Suit Over Loans

Countrywide Financial Corp. co-founder Angelo Mozilo hasnít entirely escaped prosecutorsí wrath for his companyís risky lending.

Willis Executives Honored with Business Insurance’s 40 Under 40 Broker Awards

Willis North America, a unit of Willis Group Holdings plc, the global risk advisor, insurance and reinsurance broker, today announced that three Willis executives were honored with Business Insuranceís 40 Under 40 Broker Awards.

AFBA Elects Two New Board Members

SMA Kenneth O. Preston, USA (Ret.) and CMSAF James A. Roy, USAF (Ret.) Elected to Armed Forces Benefit Association Board

ACE Private Risk Services Makes Executive Appointments in Its National Sales, Distribution and Regional Operations

ACE Group today announced new executive appointments in its high net worth personal lines insurance business, ACE Private Risk Services, naming Annmarie Camp as Senior Vice President, National Sales and Distribution Leader, Shannon Detroit as Vice President, Central Region, and Heather Cabra as Vice President, Southern Region.

Studies Find Early MRI for Lower Back Pain Often Yield Expensive, Unnecessary Treatment and Longer Disability Periods

Research conducted by the Liberty Mutual Research Institute for Safety finds that inappropriate early use of Magnetic Resonance Imaging to diagnose work-related lower back pain correlates with higher medical costs, unnecessary and ineffective procedures, and prolonged disability.

Bank of America Reaches Comprehensive Settlement With U.S. Department of Justice and State Attorneys General to Resolve Mortgage-related Litigations and Investigations

Settlement Expected to Reduce Q3-14 Pretax Earnings by $5.3 Billion and Negatively Impact EPS by Approximately $0.43 per Share

Capstone: Captive Insurance Companies Still On The Hook For State IPP Taxes?

On July 31st, two senior U.S. Senators, Patrick Leahy and Lindsey Graham, introduced legislation to clarify the Nonadmitted and Reinsurance Reform Act, enacted as part of the 2010 Dodd Frank Act that does not apply to captive insurance programs.

Report Shows Majority of States Falling Short on Policies to Fight and Prevent Cancer

A majority of states are not measuring up on legislative solutions that prevent and fight cancer, according to a new report released today by the American Cancer Society Cancer Action Network

Insurance Companies Give $45 Million To Fight Proposition 46; Rake In Profits As New Ads Threaten Doctors and Patients With Price Hikes, Says Consumer Watchdog Campaign

Medical malpractice and health insurance companies have given $45 million, or 77%, of the $58 million to the campaign against Proposition 46 as they rake in profits at the expense of doctor and patient policyholders, said Consumer Watchdog Campaign today.

Society Insurance Deploys Cover-All Policy for Workers Compensation

Cover-All Policy enables Society Insurance to improve operational efficiencies and customer service

ACE Launches Suite of Professional Indemnity Insurance Wordings for Media Professionals

ACE Group today launched a suite of professional indemnity wordings aimed exclusively at media companies domiciled outside the USA and Canada as it continues to expand its specialist capabilities for this growing sector of the economy.

Voya Financial Expands Voluntary Benefits Offering to New York State Employers

Voya Financial, Inc., formerly ING U.S., announced today that its Employee Benefits business will now offer the company's Compass-branded Accident Insurance and Specified Disease Insurance products to customers in New York state.

Attractive Long Term Care Insurance Options Yield Savings And Greater Flexibility

Newer options give consumers who are considering long term care insurance added flexibility as well as significant cost savings according to industry experts.

SEWUP Construction Insurance Program Announces $1.2-Million Return of Equity to Member School Districts

Innovative Pooled Risk Management Generates Value for Taxpayers, Communities and Students

LIMRA Secure Retirement Institute Executive To Moderate Panel at 2014 Winning in IRA Rollovers Conference

Matthew Drinkwater, PhD, associate managing director, LIMRA Secure Retirement Institute Research, will moderate the Market Segmentation: How to Add Value for Clients Aged 50-65 panel workshop at this yearís Winning in IRA Rollovers, hosted by Financial Research Associates.

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