The U.S. Supreme Court recently heard arguments in the case of Campbell vs. State Farm. Four of the justices voted to hear the case. They will render their decision by the end of the current term in June, and a …
Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps the most serious …
In 2002, we learned what a hard market feels like. The market share of the top 10 surplus line brokers decreased from 47 percent to 43 percent of the market in 2002. In this market, we have greater distribution among …
The CDI Fraud Division arrested Shauna M. Lewis, 28, of Fair Oaks, Calif. and charged her with one felony count of insurance fraud. She was booked into the Sacramento County Jail and bail was set at $30,000. Investigators said that …
The CDI issued an Order of Summary Revocation against the Fire and Casualty Broker Agent licenses of Charles Edward Dunbar and his son Christopher Freeman Dunbar after they pled guilty to grand theft. The Life Agent license of Christopher was …
Gerald Boiner, 30, of Rancho Cuca-monga, Calif., was arrested Nov. 12, 2002 by CDI Fraud Investigators. Boiner alleged that he injured his back and wrist on Aug. 7, 2001, from an on-the-job fall. As a result of the pain he …
Alfred Galoustian, 34, of Tarzana, Calif., pled no contest to two felony counts of grand theft. Galoustian was sentenced to 30 days in County Jail, 240 hours of community service, three years of summary probation, and ordered to pay $17,377.50 …
Risk Management Solutions (RMS), a provider of products and services for managing natural hazard risks, has expanded the weather databases in its ClimetrixTM weather derivatives trading and risk management system to include new temperature data for France, Sweden, Norway, and …
Moscow’s Pushkin Museum of Art will receive $1.2 million in compensation from insurers for damages suffered by a Rembrandt painting on the way to an exhibition in Houston. The painting “Portrait of an Old Woman,” suffered a tear of approximately …
A.M. Best Co. will add the state of Utah to its monthly publication of Best’s State Rate Filings. The publication helps professionals track and monitor insurance company rate-filing activity in key markets. Each month state-specific information for each commercial and …
