How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and investment banks. Alternative markets, alternative risk transfers, parallel markets—all describe different …
In his continuing quest to find solutions keep the Texas homeowners market from completely falling apart, Insurance Commissioner Jose Montemayor approved residential property policy forms developed by the Insurance Services Office (ISO) that are used nationwide. According to the Independent …
Responding to moves by Farmers Insurance Company to further restrict coverages in homeowners policies it will write in the state, Insurance Commissioner Jose Montemayor expanded the state insurance department’s investigation of underwriting guidelines to include each of the three largest …
With the recent spotlight being placed on the 25th anniversary of the federal Community Reinvestment Act (CRA), legislation enacted in 1977 which requires banks to increase their investments and loans to low income communities, several California legislators are now casting …
While in custody on unrelated charges, Darrell Demetrius Brown, 30, was booked at the Sacramento County Jail on one count of insurance fraud. According to an investigation by the CDI Criminal Investigations Branch’s Fraud Division, Brown alleged he did not …
John Eugene Carter, 38, of Camino, Calif. was arrested on one felony count of insurance fraud, one count of attempted perjury and booked into the El Dorado County Jail. Investigators with the CDI Criminal Investigations Branch’s Fraud Division revealed that …
California Insurance Commissioner Harry W. Low recently issued an order to revoke the fire and casualty broker-agent license of George Alfred Bivins, Jr. Low also ordered that Bivins cease and desist from participating in the insurance industry in any capacity. …
Benjamin Barnes, 35, surrendered and was booked into the Sacramento County Jail on charges of insurance fraud and attempted perjury. An investigation by CDI Criminal Investigations Branch’s Fraud Division revealed that Barnes reportedly experienced leg and back pain while working …
In its largest bust to date, the Los Angeles County Organized Auto Fraud Interdiction Task Force and 120 law enforcement officers and investigators executed arrest warrants July 16 for 28 individuals charged with insurance fraud and conspiracy in conjunction with …
Fitch Ratings has lowered its insurer financial strength rating on Attorneys’ Liability Assurance Society (Bermuda) Ltd. (ALAS) to ‘AA-‘ from ‘AA’. The Rating Outlook is Stable. Fitch’s rating action reflects its belief that due primarily to intense competition and cyclical …
