A joint investigation by the California Department of Insurance (CDI), Criminal Investigations Branch and the Kings County District Attorney’s Office lead to the arrest of Jesse Mendoza. Mendoza was arrested on a felony warrant while serving a jail sentence at …
Lord Cullen, Scotland’s Lord Justice General, ruled that plaintiff’s in asbestos related cases most continue to bring their actions through regular court proceedings rather than applying the rules of the commercial courts that could greatly accelerate the pace of compensation. …
A new report on money laundering prepared by Professor Martin Gill of the University of Leicester’s Scarman Centre, concludes that the senior mangers of most financial firms, including insurance companies, now receive some kind of training in how to spot …
The nation’s property and casualty insurers reported a $9 billion loss in 2001, compared to a $27 billion profit in 2000, according to research by Weiss Ratings Inc. By year-end, claims surged to a record $381 billion, an increase of …
Congress should proceed cautiously as it considers a federal approach to mold- related insurance claims and seeks to establish mold exposure standards, according to the National Association of Independent Insurers (NAII). The U.S. Toxic Mold Safety Protection Act (H.R. 5040) …
Aon has launched its HR Portal Solution(SM)—a technology platform designed to allow human resources professionals to manage their entire HR function easily and effectively. The solution can be customized for a variety of organizations and allows for many uses—all designed …
Safe Harbor Surplus has available programs for condo/homeowner associations, property management firms and property managers. Condo coverages are for D&O, EPLI, fidelity, umbrella and workers’ compensation. Coverages for property management are BOP, D&O, EPLI and fidelity. Coverages for property managers …
A.M. Best Co. has assigned a “B++” financial strength rating to Louisiana Retailers Mutual Insurance Co. (LRMIC), a Baton Rouge, La.-based workers’ compensation insurance provider. The outlook is stable. LRMIC’s solid capitalization, operating performance, investment portfolio, and policyholder retention were …
Standard & Poor’s cut to double-“Bpi” from triple-“Bpi” its counterparty credit and financial strength ratings on Casualty Reciprocal Exchange’s interaffiliate pool members Equity Mutual Insurance Co. (EMI) and Casualty Reciprocal Exchange. The action was taken because of a decline in …
A.M. Best raised Dallas-based American Contractors Insurance Group’s (ACIG) financial strength rating from “A-” to “A.” The rating was based on the financial condition and performance of all of ACIG’s operating units, including American Contractors Insurance Group Ltd. in Bermuda, …
