Wells Fargo says it plans to appeal a Connecticut court ruling against its insurance brokerage, Acordia, regarding improper disclosure of contingent commissions.
AXIS Capital Holdings Ltd., a global insurer based in Bermuda, has opened an office in Princeton, N.J., to market its specialty insurance products in the U.S.
Twenty-six public entities in Ohio, including several public schools and colleges, will benefit from $9 million American International Group plans to pay to settle a lawsuit claiming violations of the state’s antitrust laws.
Citing events from the devastating Chilean earthquake to record snowstorms in the Northeast U.S., The Chubb Corp. announced it is estimating losses of nearly $290 million in its first quarter results.
Starr Indemnity & Liability Co. and Chubb & Son have entered into an underwriting agreement for workers’ compensation coverage for construction, energy and environmental customers.
The 2010 Insurance Day on the Hill will be held in Richmond Feb. 10 and 11. The annual event is a joint legislative program hosted by the Independent Insurance Agents of Virginia, the Virginia Council of the National Association of Insurance Women, the Virginia Association of Insurance and Financial Advisors (NAIFA-Virginia) and the Greater Richmond CPCU Society.
Premier Insurance Management Services Inc. is offering a dual sponsorship for property insurance with existing provider Chubb Group of Insurance Cos. and newly added Zurich North America as part of its new healthcare property risk management program.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.