Firebombs, booby-trapped letters and packages, kidnappings, assaults and extortion—as these violent acts continue to proliferate, insurers have stepped up to offer financial protection. Handling threats from terrorist organizations, which use coercive methods to promote their causes, is a growth area …
On May 29, Atlanta-based ebix.com struck a deal with Esurance Inc., a national quote-to-claims Internet-based provider of personal auto insurance. Under the terms of the deal, Esurance will offer instant online auto insurance quotes to ebix.com clients in more than …
In the multi-decade card game that is the Oregon workers’ compensation system, the state Supreme Court trumped the Legislature (and employers) by issuing a unanimous decision that erodes the exclusive remedy statute. In Terry L. Smothers v. Gresham Transfer Inc., …
Company executives representing CGU Insurance Group had reason to smile June 1 at the 50th Annual “I” Day in San Diego. Not only were they representing their company, but they were unveiling a new name and a new era—OneBeacon Insurance …
WideLines LLC, an XML-based market portal to the commercial insurance industry, announced May 31 it has ceased accepting new submissions. In a letter from WideLines CEO Adam J. Pelzman, the company explained to its producers they are no longer able …
Mary-Lou Misrahy was recently named president of Fremont Compensation Insurance Co. Misrahy, with more than two decades of corporate leadership experience, knows she has some big challenges ahead of her, but she is ready to roll up her sleeves and …
According to a report in the Fresno Bee, state investigators and Madera County Sheriff John Anderson reported the May 15 arrest of Tracy Ann Tavares, a 26-year-old Fresno resident, on suspicion of insurance fraud related to the murder of another …
Daniel Francis Elliot, Jr., 52, of San Jose was arraigned on three felony counts of insurance fraud at the Santa Clara County Superior Court. Elliot was charged with providing false or fraudulent information to reduce workers’ compensation premiums with two …
The California Department of Insurance (CDI) filed an Accusation against Solo Insurance Services Inc. and its owner, Stephanie Rager, for allegedly failing to refund return premiums and properly service policies; using unfair practices; and allowing unlicensed agents to transact insurance. …
S&P lowered its counterparty credit and insurer FSR on Independent Insurance Co. Ltd. to “BBB+” from “A,” and revised the CreditWatch implications to developing from negative. While management indicated that it is reviewing a number of options to address the …
