Allianz Commercial has announced the promotion of Paul Higham to the position of property account manager. Higham’s appointment is the third appointment made in the newly aligned property and casualty team, said the company, which is a division of Allianz …
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An ex-claims worker at a Houston decor store has been sentenced to more than seven years in prison and must repay $2 million in an insurance scam. Sandra Johnson of Katy was sentenced on June 15 in Houston. The 48-year-old …
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Outgoing New York Superintendent of Financial Services Benjamin Lawsky said in a memo to his staff last Friday that his chief of staff, Anthony Albanese, will serve as acting superintendent while the Governor’s office conducts a search for a permanent …
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Swiss Re has issued a statement, following a meeting with senior private and public sector market participants on June 16, entitled “Financial repression – the unintended consequences.” The statement said that in order to “identify the most concerning implications,” Swiss …
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Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to macroeconomic concerns such as the impact of quantitative easing, according to …
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U.S. regulators will disclose to lawmakers more than 1,400 pages of documents explaining why companies such as American International Group Inc. and MetLife Inc. are subject to tougher oversight. The Financial Stability Oversight Council is providing the papers after Republicans …
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U.S. officials have rejected Exxon Mobil Corp.’s request to reconsider a $1 million penalty imposed against the oil giant over a 63,000-gallon crude spill into Montana’s Yellowstone River. The U.S. Department of Transportation on Friday ordered the Irving, Texas-based company …
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Tropical Storm Bill came ashore on the Texas mainland this morning near Seadrift, packing heavy rains that will drop as much as 10 inches along the coast. Bill’s winds were 60 miles (97 kilometers) per hour, up from 50 mph earlier, the …
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Unsuccessful 2014 U.S. Senate candidate Heather Grant says she’ll run for North Carolina insurance commissioner in 2016. Grant of Wilkes County announced Friday she will seek the Republican Party’s nomination for the job. Current Democratic incumbent Wayne Goodwin has served …
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The City Council in Lincoln, Neb., has approved a $1 million disaster assistance program to aid Lincoln residents whose homes were damage by raw sewage that backed up during heavy rains, but some of the victims are still considering suing …
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