The United Farm Workers, AFL-CIO, has endorsed Tom Calderon for California Insurance Commissioner, adding to the broad base of labor and Latino groups that have filed in behind the Montebello democrat. “Farm workers are among the most abused working people …
AIG Global Trade and Political Risk Insurance Company, a member company of American International Group Inc. (AIG) has introduced a new political risk insurance coverage for small and mid-sized companies. AIG Global’s Political Risk Insurance for Middle Market Companies protects …
An Insurance Research Council (IRC) and Insurance Services Office Inc. survey shows that insurers of all sizes consider fraud “a serious problem.” According to a PRNewswire report, more than one-third of insurers feel that the amount of fraud has grown …
According to a Standard & Poor’s study released Jan. 9, the effects of the Sept. 11 attacks are taking a toll on workers compensation insurers. Rates are ready to rise and it has become increasingly difficult for employers to obtain …
Ohio’s Department of Insurance will host the 2002 Insurance Fraud Seminar on Wednesday, March 6. The seminar will feature presentations by several fraud enforcement experts on topics such as “Crimes Against Seniors,” “Computer Internet Fraud,” and “Prosecuting Insurance Fraud.” The …
A.M. Best announced that it has affirmed the A++ (Superior) financial strength rating of Cornhill Insurance PLC, London, the principal U.K. subsidiary of Germany’s Allianz AG. Best’s statement noted Cornhill’s importance and “prospective contribution to the overall group” along with …
After months of rumors, speculation and maneuvering, Toro, the Italian insurance subsidiary of the Fiat industrial group, confirmed that it had made a formal bid for La Fondaria, another Italian insurer, which has been the target of acquisition efforts since …
American Re Corp., the U.S. subsidiary of Munich Re, the world’s largest reinsurer, has accepted the resignation of CEO Edward J. Noonan, and has named John P. Phelan, currently President of Munich Reinsurance Company of Canada, to replace him effective …
The New York State Insurance Department’s embrace of on-line technology has enabled it to step up the battle against fraudulent claims, and to handle a record number of cases last year. “The past 12-18 months have brought a sudden explosion …
Pennsylvania’s Insurance Commissioner Diane Koken joined Governor Mark Schweiker in seeking to postpone the due date for medical malpractice surcharge premium payments by the State’s physicians into the Medical Professional Liability Catastrophe (CAT) Fund. Koken is seeking to assure that …
