It is a rare occurrence today, but not so long ago tying down the safety valve was viewed as an acceptable way to improve a steam boiler’s performance when demand peaked. The objective was to increase the boiler’s output to …
To many insurance professionals, surplus lines policies are a mystery. Many think of it as a coverage for strange risks with odd provisions. But getting a grasp on surplus lines coverage is not difficult. Let’s take a short walk through …
It is said that Missouri is the “show me” state. If that’s true then most independent agents must be from Missouri because when it comes to technology solutions, agency owners and their producers and CSRs need to “see it to …
An investigation by the California Bureau of Automotive Repair (BAR), the Kings County District Attorney’s Insurance Fraud Unit, and the CDI Criminal Investigations Branch’s Fraud Division led to the conviction of Lemoore auto repair business owner Kenneth Darrel Jones for …
James Keith Simpson, of Palm Springs, was sentenced to five years in state prison by the Indio Superior Court, after pleading guilty to one count of insurance fraud. He was also ordered to pay $11,128.84 in restitution to Mercury Insurance …
The California Department of Insurance (CDI) arrested three northern California residents on multiple counts. Patricia Anne Okuniewicz, 40, of San Jose, surrendered on 10 counts of insurance fraud, one count of embezzlement and grand theft, and one felony count of …
A California lawyer accused of scheming to sink a yacht off the coast of Italy was sentenced to 7 1/2 years in prison by U.S. District Judge Lourdes Baird, according to the Associated Press. Rex DeGeorge, of Beverly Hills, was …
Meadowbrook Insurance Group Inc.’s group rating of its insurance company subsidiaries has been upgraded to “B+” (Very Good), with a positive outlook, by A.M. Best Company. The upgrade reflects Meadowbrook’s improved financial condition as a result of its recent successful …
Fitch Ratings placed the “AA” long-term issuer rating of GE Global Insurance Holdings Corp. (GE Global) and the “AAA” insurer financial strength rating of Employers Reinsurance Corp. (ERC), GE Global’s main operating subsidiary, on Rating Watch Negative. Fitch believes that …
A.M. Best Co. affirmed the financial strength rating of “A-” (Excellent) of the Kemper Insurance Companies, Long Grove, Ill., with a stable outlook and removed the rating from under review with negative implications. The action applies to the group’s three …
