A Las Vegas couple will receive $4 million in a medical malpractice lawsuit, marking the first significant verdict against a doctor since Nevada lawmakers put into effect tort reform, according to the Associated Press. A Clark County District Court jury …
CDS Business Mapping, a source for online hazard mapping, has launched its Wildfire Hazard Model for California. The new service allows property insurers to perform brushfire lookups quickly and accurately, saving time and money, while limiting their exposure to devastating …
Every year in August the Nonprofit Times, a publication targeted to the nonprofit sector, publishes The NPT Power and Influence Top 50. Among this year’s selections was Pamela Davis, president and CEO of the Nonprofit Insurance Alliance (NIA) group of …
Nasir Husain, 59, was arrested by investigators from the California Department of Insurance Criminal Investigations Branch’s Fraud Division. Husain was arrested at his home in Westminster on 19 felony counts of insurance fraud. On Feb. 1, 2001, Husain, who worked …
Bermuda-based PartnerRe Ltd. reports that claims from its exposures to flooding currently impacting Europe are expected to approximate $100 million. Over the past week, heavy rainfall has flooded much of eastern and central Europe. Precipitation in several areas is the …
A.M. Best Co. has downgraded the financial strength rating to C++ (Marginal) from B (Fair) of the property/casualty subsidiaries of Optimum General Inc. The subsidiaries include: Optimum Farm Insurance, Optimum Insurance Company (both of Quebec), Optimum Frontier Insurance Company (Ontario), …
Even as German Chancellor Schroeder met with other European leaders in Berlin on Sunday to find ways of dealing with the unprecedented floods sweeping across Eastern Europe, workers in Budapest struggled to contain the waters of the Danube from surging …
Moody’s Investors Service announced that it has “placed the ratings of the Royal & Sun Alliance Insurance Group under review for possible downgrade.” R&SA has been selling off a number of assets in an effort to raise around £800 million …
Modifications to a final medical privacy rule issued by the U.S. Department of Health and Human Services (HHS) stopped short of resolving concerns that workers’ compensation carriers and employers have with the rule’s potential impact on the workers’ comp system, …
Citigroup has revised the final distribution ratio relating to its distribution of 219,050,000 shares of class A common stock and 450,050,000 shares of class B common stock of Travelers Property Casualty Corp. (Travelers) to holders of Citigroup common stock. The …
