Bermuda’s ACE Limited became the latest insurer to report a third quarter loss due to the impact of the Sept. 11 attacks. ACE said that its net loss during the period, excluding net realized gains (losses), non-recurring expenses and charges …
National Indemnity Co., a wholly owned subsidiary of the Berkshire Hathaway Group, has concluded an insurance package with FIFA, soccer football’s governing body, to insure next summer’s World Cup Finals in Japan and Korea against risks of cancellation. NI replaces …
Local police have arrested Barbara Sternberg, a licensed psychologist in Yorktown Heights, on charges of insurance fraud, grand larceny and falsifying business records, following an investigation by the New York State Insurance Department’s Frauds Bureau and the Westchester County District …
The New York State Insurance Dept. announced that consumers can now file insurance complaints against companies, agents, brokers and others holding State licenses on its Web site. “The on-line complaint form was developed to provide improved responsiveness to meet the …
Carrying on with business after the tragic terrorist attacks on Sept. 11, the National Association of Independent Insurers (NAII) will hold its 56th annual meeting in New Orleans Nov. 4-7 as scheduled. Speakers at the meeting will include Tony Snow, …
The push is on for creation of a federal plan to deal with future terrorist attacks. The Bush Administration has come up with an alternative to the insurance industry’s initial proposal, which called for a terrorist risk pool modeled after …
As the result of a six-month investigation by the CDI Organized Automobile Fraud Interdiction Task Force, Samvel Saakyan, a 27-year-old former Sacramento auto dismantler, was arrested on four felony counts of insurance fraud and two felony counts of perjury. According …
A joint investigation by the CDI and the Tulare County District Attorney’s Auto Insurance Fraud Unit led to the sentencing of Enrique Medina, 25, who pled guilty prior to his preliminary hearing. Medina was sentenced in the Tulare County Superior …
Investigators with the California Department of Insurance (CDI), Criminal Investigations Branch, served a search warrant at Murphy’s Insurance Agency, operated by two licensed insurance agents, Dana and Patrick Murphy, father and son, respective. According to the CDI, investigators suspect the …
After security workers at San Jose International Airport allegedly lost a carry-on bag containing more than $100,000 in jewelry, the bag’s owner attempted to sue for damages. However, a split panel of the 9th U.S. Circuit Court of Appeals ruled …
