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Pa. Senate confirms insurance commissioner (Philly.com) In a move linked with the proposed merger of Independence Blue Cross and Highmark Inc., the Pennsylvania Senate voted today to confirm Joel Scott Ario as the state's insurance commissioner.
Georgia Bars Insurance Firm Over Violations (NYTimes.com via Yahoo! Finance) Regulators in the state say Trans World Assurance violated rules adopted in 2007 to prevent the sale of misleading or unsuitable life insurance policies to military personnel.
When it's Smart to Comparison Shop for Auto Insurance (Elk Grove Citizen) (ARA) - Does it seem like your auto insurance rates go up every time you sneeze, refill the gas tank or - the ultimate factor - add another driver to your policy? You're not imagining it; numerous factors influence the cost of your auto policy and many of them are simply beyond your control.
Pa. Senate confirms insurance commissioner (The Philadelphia Inquirer) In a move linked with the proposed merger of Independence Blue Cross and Highmark Inc., the Pennsylvania Senate voted yesterday to confirm Joel Scott Ario as the state's insurance commissioner.
Car insurance fraud 'ฃ5m a week' (BBC News) Insurers uncovered ฃ5m a week of fraudulent motor insurance claims last year, says the industry body.
Weapons, drugs found on Delaware County insurance agent (The Philadelphia Inquirer) A Delaware County insurance agent who allegedly threatened a state employee and failed to forward documents and money to the Bureau of Motor Vehicles for customers was found to be in possession of heroin and an array of weapons when arrested, police said Tuesday.
Red Hook school district saves 2% on liability insurance (Kingston Daily Freeman) RED HOOK - Board of Education members say a 2 percent savings in the $180,000 cost of the school district's liability insurance is a silver lining in darkening economic times.
New York mulls insurance exchange revival (Washington Post) HAMILTON, Bermuda (Reuters) - New York Insurance Superintendent Eric Dinallo is enlisting experts to examine the possibility of reviving the New York Insurance Exchange, which was seen as the U.S. equivalent of the Lloyd's of London market when it was founded to great fanfare in 1980.
EMC Insurance Group slashes 2008 outlook (AP via Yahoo! Finance) Property and casualty insurer EMC Insurance Group Inc. on Thursday slashed its 2008 operating earnings outlook because of expected losses tied to storms in the Midwest.
S&P cuts Triad Guaranty Insurance to junk status (AP via Yahoo! Finance) Standard & Poor's Ratings Services on Thursday cut the counterparty credit and financial strength ratings on Triad Guaranty insurance Corp. four notches to junk status on concerns about the mortgage insurer's capital adequacy.
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