A federal appeals court recently upheld the felony conviction of suspended Louisiana Insurance Commissioner Jim Brown but, according to the New Orleans Times-Picayune, Brown is vowing to continue the fight to clear his name. The 5th U.S. Circuit Court of …
Chicago-based broker Near North National Group announced a 20 percent increase in consolidated revenues and net income for the first half of the year, which it attributed mainly to increased business from clients, rather than rising premium rates. The absence …
A package of so-called “liability reform” bills that are quietly making their way toward enactment during the final hours of California’s legislative session will flood California’s already overburdened court system with litigation, according to the Alliance of American Insurers. The …
A.M. Best Co. has reaffirmed Salt Lake City, Utah-based Workers Compensation Fund (WCF)’s ‘A-minus’ (excellent) rating. According to A.M. Best, WCF’s ‘A-minus rating’ reflects the mutual insurance company’s excellent financial strength, strong reserving practices and dominant market position. A.M. Best …
Investigators from the California Department of Insurance (CDI) arrested a Sacramento couple on two felony counts of insurance fraud for allegedly filing false claims regarding losses they suffered when their home was burglarized and one count of obtaining money by …
Fortis, the Belgian-Dutch insurance and financial services group, posted an 18 percent decline in net profits to €1.52 billion ($1.49 billion), compared to €1.85 billion ($1.82 billion) in the 1st half of 2001. Operating profits fell by 4 percent for …
Swiss Re reported its first half operating results with classic good and bad news, while the world’s second largest reinsurer’s premium income grew 16 percent during the period to CHF13.836 billion ($9.23 billion), the company’s net income was an anemic …
Bluebook International is responding to what the industry is calling, an “infrastructure and technological catastrophe.” It’s estimated that for every premium dollar the insurance industry spends, 11 cents is spent on the claims process alone, representing an aggregate annual expenditure …
A national workplace survey sponsored by The Hartford Financial Services Group has found that although blue-collar workers expect to be injured more frequently than white-collar workers, many lack a full understanding of workers’ compensation systems. Specifically, the survey showed that …
Zurich North America Surety announced that it has successfully completed the pilot stage of its Zurich Surety Express(TM) online platform, which allows insurance agents to rate, quote and issue commercial and contract surety bonds directly from the Zurich Web site …
