Investigators from the California Department of Insurance (CDI) Criminal Investigations Branch, Fraud Division, served arrest warrants on five local Fresno residents last week. The arrests concluded a six-month investigation that began with a referral by GEICO Insurance alleging fraud on …
San Diego-based brokerage firm Barney & Barney LLC and Salu Inc. entered into an agreement to provide Salu’s physician-specialist members with medical malpractice insurance coverage at competitive prices online. The program, which is geared to help specialists obtain malpractice quotations, …
According to the National Association of Independent Insurers (NAII), California Assembly members are poised to vote on a bill that would “hamstring” insurers’ ability to conduct investigations when they suspect fraud and would unnecessarily add to the cost of insurance. …
The St. Paul, headquartered in St. Paul, Minn., signed an agreement with The Independent Community Bankers of America to offer professional liability coverage for insurance agents and brokers to ICBA members. The St. Paul Insurance Agent/Broker Professional Liability Program, available …
Ninety-five percent of business executives report that workplace safety has a positive impact on a company’s financial performance, according to the findings of “The Executive Survey of Workplace Safety” by the Liberty Mutual Group. Of these executives, 61 percent believe …
Ernst & Young Inc., the Interim Receiver of Queensway Financial Holdings Limited (Queensway), announced that the agreement between the Argonaut Group Inc. and Queensway for the purchase and sale of North Pointe Financial Services Inc., Hermitage Insurance Company, Consolidated Property …
Inclusion of health information in a proposed state regulation in Iowa on consumer privacy could cause confusion and frustration for consumers and force agents to comply with two different privacy standards plus add to insurance costs, according to the National …
Peoria, Ill.-based RLI Corp. was named to the “Ward’s 50,” a benchmark group of the industry’s top performing insurance companies. The analysis recognizes companies that have excelled at balancing safety, consistency and performance from 1996 through 2000, and then benchmarks …
Munich Re followed its announcement that its net profit for the 1st half of the year almost doubled to $1.18 billion with the announcement that it had structured an innovative event cancellation policy for the 2002 Soccer World Cup in …
XL Capital Ltd. announced that Moody’s Investors Services had given its coveted Aa2 rating to two XL subsidiaries, XL Insurance Ltd. and XL Re, in what it said was a first for Bermuda-based companies. XL’s U.S. subsidiaries were also rated …
