In a move insurance groups say will prohibit unfair competition in the state’s workers’ compensation insurance market, the Minnesota Legislature has recently taken action to prohibit state workers’ compensation funds of other states from providing coverage in the state. Legislators …
The National Association of Independent Insurers (NAII) filed an amicus brief encouraging the Minnesota Supreme Court to uphold the “American Rule” for recovery of attorneys’ fees. A state district court decision awarded an insured full payment of court costs including …
Marc Meyer Marc Meyer has joined Phoenix-based Milne Scali & Company as a commercial lines producer. Meyer has 10 years property/casualty insurance experience including carrier and agency positions; with additional experience in the auto manufacturing/finance and construction industries. Meyer’s responsibilities …
The Los Angeles City Attorney filed three counts of grand theft against Arshak (Mike) Rostomyan, 27, of Glendale, Calif. for allegedly defrauding consumers by selling bogus insurance policies. According to the California Department of Insurance (CDI) Investigation Division, Rostomyan, who …
Patrick James Murphy, 45, of Norco, pled no contest in Los Angeles Superior Court, recently, to 39 felony counts, including grand theft and elder abuse. Superior Court Judge David Horwitz sentenced Murphy to four years in state prison and ordered …
Ireland’s FINEOS Corporation, a leading innovator of banking and insurance software, announced the appointment of Isabel Hudson to its board as a non-executive director. “Hudson brings to FINEOS more than 20 years of senior-level experience in international financial services, working …
American International Group has reportedly amassed a portfolio of investments in Japanese commercial real estate, which market experts value at between $2.5 and $3.5 billion. A report from London’s Financial Times indicates that AIG is betting heavily that the severely …
The New Jersey Assembly unanimously passed Assembly Bill 2964 Thursday afternoon (78-0-0). S.B. 1991 was approved by the Senate Commerce Committee last week, and the Senate’s next voting session is Thursday, May 29. S.B. 1991 would reportedly eliminate a requirement …
A.M. Best Co. said the current financial strength and debt ratings of the Liberty Mutual Insurance Companies (Liberty Mutual) (Boston) remain unchanged following its announcement regarding the acquisition of Prudential Financial Inc.’s U.S. property/casualty operations in 47 states – excluding …
Volunteers from the Los Angeles Chapter of CPCU and other insurance professionals spent May 3, 2003 reading to and assisting underprivileged children with crafts for Mother’s Day. For children at the Sydney M. Irmas Transitional Living Center, located in North …
