Both injured passengers and relatives of eight people killed in the Christmas Eve 1998 crash of a casino-bound bus on New Jersey’s Garden State Parkway will split $15 million under a deal that puts to rest 14 lawsuits, according to …
Lenette Weishaar, 42, of Vallejo, Calif., was arrested and charged with three counts of felony insurance fraud in one of the largest individual workers’ compensation fraud cases in the city of Vacaville. Weishaar was booked into the Solano County Jail …
The Idaho Department of Insurance announced that license renewals for Non- resident Producers can now be filed and paid for online. To increase the level of convenience for Non-resident Insurance Producers a license renewal can be completed and paid for …
The Alliance of American Insurers is hopeful that a special session of the Nevada state Legislature meeting early this week to consider caps on non-economic damages will help alleviate the current medical malpractice availability crisis in the state. “The Alliance …
Global reinsurer, General Re Corporation, a subsidiary of Berkshire Hathaway Inc., announced a new name for its Stamford-based reinsurance intermediary company, Herbert Clough Inc. Herbert Clough now operates under the name Gen Re Intermediaries Corporation. Gen Re Intermediaries was established …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Wawanesa Mutual Insurance Company, (Winnipeg, Canada). The rating also applies to Wawanesa General Insurance Company of San Diego, its U.S. subsidiary. The outlook for this rating is …
Fitch Ratings assigned a negative rating outlook to a group of monoline reinsurers-ACE Guaranty Re Inc., Radian Reinsurance Company Inc., and AXA Re Finance S.A. The three are major reinsurers of financial guarantees. The insurer financial strength ratings of the …
In a departure from traditional corporate restructuring strategies, insurers are choosing ventures, alliances and outsourcing over mergers and acquisitions as their preferred vehicles for corporate restructuring, according to new research from Accenture. Accenture surveyed executive decision-makers at 68 major property …
As part of an investigation into alleged price fixing by industrial property and liability insurers, a German federal agency raided the offices of 13 insurance companies. According to BestWire, the offices of Allianz AG Holding, Axa, Gerling Global and the …
Zurich North America has formed a strategic alliance with Americana Program Underwriters to introduce the PhysiciansProUSA program, offering property and casualty and selected professional liability coverages. PhysiciansProUSA is a program designed to meet the coverage needs of doctors and other …
