There won’t actually be a lovefest between the insurance industry and new Washington Insurance Commissioner Mike Kreidler; it will just seem that way by comparison. After eight years of Deborah Senn, the industry probably will need some prodding to fling …
It’s been called “the Titanic of all insolvencies”—on Dec. 3, 1985, Transit Casualty Company, domiciled in Missouri, was declared insolvent by the Cole County Circuit Court. During the late ’80s, ill-fated Transit was the largest of three big insolvent companies …
Following an 18-month investigation, CDI fraud investigators arrested a Sacramento family and a family friend on 19 counts of insurance fraud. Bobby Gene Bass, 67; Lavern Dobbins-Bass, 57; Bobby Jason Bass, 20; and Christian Hearst, 31; were all arrested. In …
Following a joint investigation by the CDI Criminal Investigation Bureau and the Wal-Mart Corporate Claims Investigation Unit, Jennelle Nanleen Allen of Madera County was arrested on workers’ compensation fraud charges by the CDI and Madera District Attorney’s Office investigators. According …
Following a six-month investigation, former insurance agent Charles Stanley Tigner was arrested on a Tulare County Superior Court warrant. Among the 127 criminal violations charged in the warrant are insurance fraud, grand theft, false impersonation, possession of fictitious checks, and …
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch arrested Ronald Prasky, owner of San Ysidro-based Border Pacific Insurance Services, for selling bogus insurance policies. The 30-year-old insurance agent was booked into San Diego County Jail and bail …
When I say rich media, I’m not talking about just for people on high-end networks. I’m talking about folks on dial-up modem access and browsers without plug-ins, experiencing everything from virtual tours to streaming audio to scrolling panoramas. I’m talking …
The FSR of Reliance Insurance Co. Pennsylvania and its property/casualty subsidiaries was downgraded from “D” to “E” by A.M. Best. The rating action followed an announcement that the company had been placed under regulatory supervision by the Pennsylvania Department of …
The FSR of Renaissance Reinsurance Ltd., Hamilton, Bermuda, was upgraded from “A” to “A+” by A.M. Best. The rating action also applies to the company’s substantially reinsured subsidiary, Renaissance Reinsurance of Europe. The “A-” FSR on Glencoe Insurance Ltd. and …
The counterparty credit rating and insurer FSR on Wintherthur International Reinsurance Co. Ltd. was downgraded from “AA” to “AA-” by S&P. Concurrently, those ratings were placed on CreditWatch with developing implications along with the “AA-” long-term insurer FSR; “AA-” and …
