New York Superintendent Gregory Serio and Albany County District Attorney Paul Clyne announced the arrest of Dierdre Wolberg, co-owner of State Opticians in Albany, N.Y. Wolberg was arrested for Grand Larceny in the 3rd Degree, a Class D felony, Insurance …
The New York State Assembly Majority’s no-fault auto insurance reform proposal seeks to improve the marketplace by creating a new bureaucracy, an approach that will not work, according to the American Insurance Association (AIA). The Assembly’s bill (A 4807) would …
The National Association of Independent Insurers (NAII) is urging the Utah Department of Insurance to revise its draft rule on credit-based insurance scoring to allow the use of this tool if risk-related factors other than credit information are considered. NAII …
W. R. Berkley Corporation announced that it intends to form a United Kingdom authorized insurance company. It is expected that the enterprise will be London-based and will specialize principally in writing domestic U.K. casualty risks. It is anticipated that the …
A majority of Nevada consumers would be unfairly penalized by legislation prohibiting insurance companies’ use of credit data in determining rates and making underwriting decisions, according to the National Association of Independent Insurers (NAII). “Without the ability to use credit-based …
Sen. John Breaux (D-La.) will be among the prominent speakers addressing more than 800 independent agents and brokers during the 27th Annual National Legislative Conference of the Independent Insurance Agents & Brokers of America (IIABA) next month. Breaux will speak …
Pennsylvania Insurance Commissioner Diane Koken has closed down the reported illegal insurance operations of the following companies: *International Water Safety Foundation (IWSF) of London, England *Water Safety Services (WSS) of Blainville, Quebec *North American Marine General Insurance Company Ltd. (NAMGIC) …
The Erie Insurance Group (ERIE), a Pennsylvania-based property/casualty insurer, has selected Accenture to implement a new product development and policy processing platform designed to help ERIE enhance its customer-service and policy processing capabilities. The Accenture Insurance Solution will make real-time …
Calif. Insurance Commissioner John Garamendi pushed his workers’ comp reform agenda further along by enlisting the help of the state’s 58 county district attorneys (DA) in combating employee and employer fraud. Garamendi addressed deputy district attorneys and white-collar crime investigators …
Premiums earned by the nation’s property and casualty insurers surged $27.8 billion, or 12 percent, during the first three quarters of 2002, to $258.7 billion from $230.9 billion during the same period in 2001, according to Weiss Ratings, Inc. The …
