The world of directors & officers coverage may be hanging out signs these days or posting messages on the Internet that simply read—Wanted: Stability. That commodity has been extremely hard to come by in recent years as major D&O cases …
It is often said that every situation has a light at the end of the tunnel, but the employment practices liability scene may have to squint just a little harder to see those rays of hope while higher prices, more …
Judith Elizabeth Dominquez, 44, a former Huntington Park, Calif. insurance broker, appeared in Superior Court for arraignment following the filing of a felony complaint by the Huntington Park District Attorney’s Office recently. The complaint was filed as a result of …
A Lodi, Calif. man was arrested on numerous felony charges as a result of a joint investigation by the CDI Criminal Investigation Branch’s Fraud Division, the San Joaquin County District Attorney’s Office, the Franchise Tax Board (FTB) and the Employment …
Two men were arrested and charged with felony insurance fraud and grand theft after being investigated by the Special Investigation Unit within State Farm Insurance and the California Department of Insurance (CDI) Fraud Division. Mike I. Masarweh, 36, owner of …
The use of arbitration by property/casualty companies and self-insureds to resolve inter-company claims disputes surged nearly 25 percent in 2002, according to Arbitration Forums Inc. (AF). AF, a nonprofit provider of inter-insurance dispute resolution services, resolved nearly $1.8 billion in …
U.S. property/casualty insurers are expected to pay an estimated $5.8 billion in insured property-loss claims from catastrophes last year, making 2002 the fourth-lowest year in losses in the last 10, according to preliminary estimates by Insurance Services Office Inc.’s (ISO) …
The property/casualty industry’s reserves will be scrutinized more closely, Fitch Ratings has announced. Specifically, Fitch’s analyses will target reserves from U.S. casualty business written between 1997 and 2001, as well as exposures to asbestos claims from business written prior to …
Mendocino County Superior Court Judge Richard Henderson recently overturned a jury’s $6 million award to former State Farm agents Rich Pyorre and John Wier, of Fort Bragg and Crescent City, Calif., respectively, in a six-week trial that pitted the former …
The Insurance Journal is launching a new feature in this issue called Agency Insights. We are going to write about independent agencies that have done something unique, innovative or unusual that resulted in success for the agency, it’s clients and …
