DriverShield Corp., headquartered in Coral Springs, Fla., changed its name to Accessity Corp. and its ticker symbol to ACTY, as part of its plan to diversify the business into non-automotive areas. The new corporate name was approved by shareholders at …
Courts in South Carolina ordered nearly $168,000 in fines and restitution to be paid in 2002, the result of the 914 cases of insurance fraud that were reported to Office of the Attorney General’s Insurance Fraud Division last year. According …
A new study by the Workers Compensation Research Institute shows that workers’ compensation costs per claim in Texas continued to increase at double digit rates during recent years. According to WCRI, workers’ compensation costs per claim in Texas rose 11 …
Washington’s job sites were safer in 2001, continuing a trend that began nearly a decade ago, according to survey results released by the Department of Labor and Industries. The survey showed that 7.6 out of every 100 full-time workers in …
A Slidell, La. insurance agent was charged on numerous counts of theft and misappropriation, the latest in a series of insurance fraud arrests around the state, according to acting Louisiana Insurance Commissioner Robert Wooley. Nathaniel Durant, was arrested at his …
A recent bulletin from the American Insurance Association indicates that the New York State Senate’s consideration of a proposed auto insurance reform package “presents a real opportunity to fix a broken system.” “The Senate’s plan goes after the fraud and …
The New York State insurance Department announced that a license has been issued to TSI Insurance Incorporated as a captive insurance company in the state. The new captive, previously incorporated by the Department, will be insuring the risks of Town …
Lloyd’s announced that it has recently accredited Canada’s Beach & Associates Ltd. and Italy’s Aon Italia Srl as the first new brokers to be given full access to the Lloyd’s market in 2003. “Beach & Associates, based in Toronto, Canada, …
Standard & Poor’s may not envision any downgrades for Australian P/C insurers hit by bushfire losses (See previous article), but this doesn’t apply to the country’s AMP Group. The rating agency announced that the insurer financial strength and counterparty credit …
Standard & Poor’s issued a bulletin indicating that it is “monitoring the effect of the Australian bushfire crisis on the local insurance industry, given that estimates of the insurance claims bill are already exceeding A$150 million [U.S. $88 million] and …
