Author Archives: Editor - Finance Top Stories

President Obama Signs Bill Easing Insurer Capital Standards

President Barack Obama has signed legislation intended to relax capital and liquidity standards for insurers under the Dodd-Frank Act. The law gives the Federal Reserve flexibility in setting the standard for insurers. The legislation (S.2270) was approved by the Senate … Continue reading

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Arizona Insurance Council Elects 2015 Board Officers

The membership of the Arizona Insurance Council has elected its officers for 2015. They are: Tim Goeller, President of AIC and regional vice president for Business Insurance at State Auto Insurance; Phyllis Senseman, vice president of AIC and vice president … Continue reading

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Uber in a California Regulatory Standoff Over Data

Uber argued Thursday that it should not have to turn over ride data in a California regulatory standoff that shows how the transportation service is falling afoul of officials who could threaten its expansion. The issue, which is being heard in a … Continue reading

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Private Auto Premiums See Largest Q3 Growth in 10 Years: SNL

Private auto insurance industry direct premiums written rose 5.13 percent in the third quarter of 2014, the largest third-quarter year-over-year growth in the past 10 years, according to an analysis by SNL Financial. The 30 largest auto writers by market … Continue reading

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Paralyzed California Teen’s Pop Warner Suit Can Continue, Judge Says

A Los Angeles judge has refused to throw out a lawsuit by a teenager who was paralyzed while making a tackle during a Pop Warner football game. City News Service says the judge on Wednesday rejected a motion to dismiss … Continue reading

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Ringleader of Auto Insurance Fraud Scam Pleads Guilty in Massachusetts

The ringleader of an automobile insurance fraud scheme in which dozens of New York City residents claimed they lived at fictional addresses in western Massachusetts has pleaded guilty in a deal she hopes will help her avoid deportation. Lefen Chen … Continue reading

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Ringling Bros. Disputes OSHA Citation for Hair-Hanging Accident in R.I.

Ringling Bros. and Barnum Bailey Circus has contested a citation it received from federal regulators for an accident that sent eight hair-hanging acrobats plummeting to the ground during a live performance, severely injuring most of them. Stephen Payne, a spokesman … Continue reading

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McGowan Installed as President of the Independent Insurance Agents of Indiana

The Independent Insurance Agents of Indiana Inc. (Indiana Big “I”) has installed its slate of officers for 2015, including Hugh M. McGowan of the McGowan Insurance Group in Indianapolis as president. In addition to McGowan, the members of the executive … Continue reading

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Work-Related Injuries, Illnesses Requiring Days Off Decreased in Texas in 2013

Private industry employers in Texas reported 51,890 cases involving days away from work and an incidence rate of 66.6 injuries and illnesses per 10,000 full-time equivalent employees in 2013, the Texas Department of Insurance – Division of Workers’ Compensation (DWC) … Continue reading

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Dallas-Based Waldman Bros Promotes 5 to Vice President Positions

Waldman Bros, a Dallas-based insurance and financial services firm, has promoted five employees to serve as vice presidents, including Leigh Bennett, Eric Goldberg, Rita Rolf, Melanie Rasansky and Tina Sparks. In their new roles, they will be responsible for developing … Continue reading

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