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Agent Pleads Guilty To Workers' Comp Fraud
An Illinois insurance agent pleaded guilty to four felony charges. An investigation revealed that the man misappropriated over $400,000 of his client's workers' compensation premiums. Many of his clients paid cash because he told them they w... -
California 'Pay-As-You-Drive' Regulations Approach the Starting Line
SACRAMENTO, Calif., Jul 13, 2009 (A. M. Best via COMTEX) -- California's proposed pay-as-you-drive insurance regulations are winning industry support as they steer closer to the marketplace. First conceived a year ago, at the height of a re... -
Guy Carpenter Names Chris McKeown CEO of Global Analytical and Specialty Practices
Guy Carpenter Company, LLC, a leading specialist global risk and reinsurance, announced today that it has appointed Chris McKeown as CEO of Global Analytical and specialty practices. Mr. McKeown will be responsible for Guy Carpenter Instrat... -
Conning Research: Property-Casualty Forecast Through 2011 Released
Results of ownership of industry losses in the coming years will be determined by the recession of 2009, the insurance premium quotes mixed dynamics, and deterioration of underwriting results modest, according to the latest Property Casualt... -
When it doesn’t pay to overpay on your mortgage
Borrowers on ultra-low tracker mortgages are being urged to stop overpaying and instead take advantage of some of the top savings deals. Tracker deals have tumbled with Bank rate, which has fallen from 5.75% in November 2007 to an historic... -
BIG “I” Commends Introduction Of National Flood Insurance Program Extension
Also Calls for Long-Term Updates to Critical Program for Homeowners and Small Businesses WASHINGTON, D.C., July 9, 2009 The Independent Insurance Agents Brokers of America (the Big I) today commended House Financial Services Housing Subcomm... -
Minnesota Guys File $7 Million Suit: Against Their Insurance Company
Jul 9 - The boys of Minnesota filed suit against their insurance company seeking more than $ 7 million in damages to Exchange Place. Berkley Regional Specialty Insurance, based in Scottsdale, Ariz., provided the vacant seat of former Bank I... -
AIG, SICO Lawyers Trade Accusations During Closing Arguments Of Executive Fund Trial
During closing arguments of a multibillion-dollar lawsuit between American International Group Inc. and Starr International Co., jurors were told that Maurice Hank Greenberg has been lying and covering up the looting of a trust to fund an A... -
States Seek Tests For Older Drivers; As Baby Boomers Age, More Highway Safety Concerns Arise
A looming gray wave of Baby Boomers expected on the nation's highways over the next two decades has prompted states to launch programs aimed at allowing seniors to keep driving as long as they can without endangering themselves or others. T... -
AIG Shares Slump In Wake Of Reverse Stock Split
SAN FRANCISCO (MarketWatch) -- When American International Group proposed a reverse stock split earlier this year, the insurer said in a regulatory filing that a higher share price may attract institutional investors. So far, that hasn't wor... -
Less Than One In Four Colleges Assess Risks
LESS THAN ONE IN FOUR COLLEGES ASSESS RISKS A survey concludes that colleges and universities take a less proactive approach in managing their various risks. According to the survey conducted by the Assn. of Governing Boards of Universities... -
Allstate set to raise homeowners insurance rates by 6.2 percent in North Texas
Jul. 8--AUSTIN -- North Texas homeowners insured by Allstate will see their rates increase an average 6.2 percent beginning next month under a rate plan filed by the company with the Texas Department of Insurance. A spokesman for Allstate, t... -
Catlin Acquires D&O and Professional Liability Renewal Rights from Bennett
International property/casualty insurer Catlin Group Ltd. has acquired the renewal rights to the directors officers liability and professional indemnity business of specialty insurer Bennett Underwriting Agencies Ltd. The two organizations... -
Lenders should be named and shamed
Consumer watchdog Which? called today for the City regulator to name and shame lenders hitting those in mortgage arrears with exorbitant charges. The group hit out at the Financial Services Authority's (FSA) refusal to identify lenders that... -
Taxpayer-controlled lenders squeeze mortgage market
High street banks that have taken billions of pounds from the taxpayer are charging the highest mortgage rates on the market as the total number of deals available sinks to the lowest on record. Lloyds Banking Group, which has taken 11.5 bi... -
Time to take out a tracker mortgage?
Borrowers are being advised to consider tracker mortgages again, as the cost of fixed rate deals rise. Last week, First Direct launched the markets first capped tracker with a rate of 2.48% above Bank, giving a rate of 2.98% at present, and... -
Best's Review's Insurance Broker Ranking Shows Aon, Marsh at the Top, Shifting Lineup
Despite the downturn in the economy, the multibillion dollar global insurance brokerage business held steady, for the most part, in terms of brokerage revenues in 2008. Best?s Review?s annual Top Global Insurance Broker ranking reports Aon... -
DCAP Announces Major Changes: Acquisition of Insurance Company Completed, Change of Company Name and
HEWLETT, N.Y.--(BUSINESS WIRE)-- DCAP Group, Inc. (NASDAQ: DCAP) today announced that the Commercial Mutual Insurance Company (CMIC?) Plan of Conversion (the Plan?), providing for the conversion of CMIC from an advance premium cooperative to... -
Zurich Financial Completes AIG Auto Units Takeover
ZURICH_Zurich Financial Services Group said Thursday it completed a $1.9 billion takeover of two car insurance units that belonged to American International Group Inc. Zurich said it immediately sold most of the units _ 21st Century Insuranc... -
No, Seriously: CEO Says AIG Is Stabilizing
Update adds change in the board of directors. Oddly enough American International Group (AIG:NYSE) actually said something promising during its annual meeting on Tuesday. Executives of the insurance giant said there is an excellent chance it...
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Berkshire Hathaway’s Insuranc
The Property Casualty Insurers Association of America (PCI) reported full year 2008 results for the industry... -
European Insurance Asset Manage
26 February 2009 - Published in the insurance, fire insurance, accident, dental, financial services, health... -
Willis Group Holdings names CEO
Copyright: Business Wire Source: Business Wire Wordcount: 556 Business Editors / Insurance Writers NEW... -
Wildfires and insurance(insuran
Natural disaster damage losses paid by insurance companies have been doubling every five to ten years... -
New structures to boost the mar
Copyright 2009 Crain CommunicationsAll Rights Reserved Business Insurance March 30, 2009 950 words New... -
Allstate Applauds Introduction
NORTHBROOK, Ill.--(BUSINESS WIRE)-- Allstate Protection President George Ruebenson issued the following... -
When it doesn’t pay to overpa
Borrowers on ultra-low tracker mortgages are being urged to stop overpaying and instead take advantage... -
OneBeacon Launches Energy Insur
CANTON, Ma., June 17 /PRNewswire-FirstCall/ -- OneBeacon Insurance Group today announced the formation... -
FirstBest Announces App Forms R
ORLANDO - FirstBest Systems, Inc., developer of advanced Underwriting Management Systems (UMS) that enable... -
Squatters move into Billionaire
Squatters have moved into a London super-mansion in a road dubbed Billionaires Row, a few doors from a...
Featured
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Universal Property & Casual
Fort Lauderdale, FL /PRNewswire/ As a leader in the property and casualty insurance marketplace, South... -
A.M. Best Downgrades Ratings of
OLDWICK, N.J. - (Business Wire) A.M. Best Co. has downgraded the financial strength rating to B (Fair)... -
UNUM Plan Participant's Short-T
Copyright 2009 Strafford Publications, Inc.All Rights Reserved Texas Insurance Law Litigation Alert February... -
Reinsurance Renewals Clouded by
When reinsurers and their clients gather for renewal discussions at Les Rendez-Vous de Septembre in Monte... -
AIG Replaces Chief Investment O
AIG Replaces Chief Investment Officer Alyn Ackermann American International Group Inc. has replaced its... -
Conning Research: Property-Casu
Results of ownership of industry losses in the coming years will be determined by the recession of 2009,... -
A.M. Best Affirms Ratings of Au
OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating (FSR) of A++... -
Insurance Agents and Brokers In
As the economy continues to struggle, successful insurance agents and brokers are focusing on traditionally... -
Texas Lawmakers Come Up With TW
Texas Lawmakers Come Up With TWIA Funding on Last Day of Session Chad Hemenway AUSTIN, Texas It took legislators... -
Insurer Complaint Data Released
The Missouri Department of Insurance's annual complaint index report has been posted at the department's... -
Steven R. Simon, P.A. Announces
MIAMI--(BUSINESS WIRE)-- Steven R. Simon, P.A. announces that it has filed a class action lawsuit against... -
Nationwide to drop Houston poli
Nationwide Property and Casualty Insurance wont renew 5,300 Houston-area home insurance policies starting...
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