Meg Fletcher (mailto:mfletcher@BusinessInsurance.com)
KANSAS CITY, Mo.?Salaries for the five highest-paid executives of the National Assn. of Insurance Commissioners range from $193,500 to $370,000 this year. Catherine J. Weatherford has a salary of $370,000 this year for serving as executive vp and chief executive officer of the Kansas City,...
TRENTON, N.J.?Allowing policyholders to present estimated claims for payment by Integrity Insurance Co., which is in liquidation, violates New Jersey law because the claims are not ?absolute,? the New Jersey Supreme Court has ruled in a narrow 3-2 decision. The Thursday ruling by the state?s...
HOUSTON?The National Assn. of Insurance Commissioners? subgroup charged with modernizing U.S. reinsurance regulation voted Sunday to adopt a three-point framework for change. Several complex issues, including collateral requirements for non-U.S. reinsurers, were slated for further discussions....
LINCOLN, Neb.?Nebraska Gov. Dave Heineman has promoted Ann Frohman to director of the Nebraska Insurance Department, effective immediately. Ms. Frohman, 44, had been acting director since Director Tim Wagner died Oct. 9. ?Ann is the right person to carry on Nebraska?s strong regulatory climate and...
SALEM, Ore.?The Oregon Department of Consumer and Business Services has announced it is hiring a Louisiana regulator to administer Oregon?s Insurance Division. Scott Kipper, 50, who is deputy commissioner of the Louisiana Insurance Department?s Office of Health Insurance, will take over the Oregon...
BOSTON?A key House lawmaker says he has a plan to encourage passage of a bill to expand and extend the federal backstop for terrorism coverage. Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, told members of the Property Casualty Insurers Assn. of America Monday that...
NEW YORK?New York?s highest court unanimously ruled Thursday that the New York Liquidation Bureau is not a state agency and therefore not subject to audit by the state comptroller. The 7-0 decision by the state?s Court of Appeals ended litigation begun in 2004 when then-New York Comptroller Alan G....
LINCOLN, Neb.?Nebraska Insurance Director Tim Wagner died Tuesday after suffering a stroke Oct. 3. Mr. Wagner, 65, had served as the state?s top insurance regulator since he was appointed in January 1999. In a statement, Gov. Dave Heineman described Mr. Wagner as ?a great asset? to the state who...
OKLAHOMA CITY?Former Insurance Commissioner Carroll Fisher surrendered to authorities at the Oklahoma County jail late Monday after losing his appeal in a corruption case. On Friday, the Oklahoma Court of Criminal Claims voted 5-0 to uphold his conviction in a 2006 jury trial on charges of perjury...
KANSAS CITY, Mo.?The National Assn. of Insurance Commissioners is seeking comment by Sept. 21 on a new proposal to modify the regulation of non-U.S. reinsurers. Under the proposal, a new Reinsurance Supervision Review Department would determine the extent to which regulation in other jurisdictions...
