The California Department of Insurance (CDI) arrested a Redding man on six felony counts of insurance fraud, six counts of grand theft and one count of conspiracy. Richard W. Powell, M.D., 43, was arrested at his office in Redding and …
Nuts & Bolts: ACE Casualty Risk is broadening its product and service solutions for the environmental risk market through its environmental underwriting unit ACE Environmental Risk (AER). The expanded offerings include: A package policy covering environmental Contractors Pollution Liability and …
Nuts & Bolts: Safeco announced a new motorcycle coverage designed to compete in a market thatÕs growing steadily at an estimated 10 percent a year. The company said the average motorcycle owner is 38 years old with an annual median …
Nuts & Bolts: Secure ID Corporation has a program available for secure online home inventory with digital pictures, credit and debit card protection, insurance policy management. States Available: Nationwide. Contact: Debbie Dooley, (800) 783-7123
Nuts & Bolts: King Insurance has unveiled a new program that includes a variety of coverages for the owners and operators of mobile home parks. Carrier: Underwritten by CNA/E&S. States Available: California, Nevada, Arizona, New Mexico. Contact: Laura Fondarella, (800) …
The New Mexico Court of Appeals recently rejected the theory of liability stacking with regard to automobile insurance, the American Insurance Association (AIA) reported. In the case of Linda Ann Slack, et al. v. James Robinson, et al., the court …
Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, released its annual Premium Rating Error report, detailing just how much often-overlooked premium rating errors diminish the overall profits of auto insurance companies. QPC estimates that $13.7 billion of premium revenues …
A new independent consumer survey conducted for the Independent Insurance Agents & Brokers of America (IIABA) confirms that non-renewals and premium increases are becoming more common in the current homeowners insurance market. The national survey determined that nearly 2.5 million …
Fitch Ratings’ current estimate is that the domestic P/C industry will experience an improvement in the combined ratio to 103.9 percent in 2003 from 107.2 percent in 2002, with an increase in premium volume of approximately 10 percent in 2003, …
Four California Insurance Commissioners and the California Supreme Court reportedly agree-the use of territory as a factor in determining automobile insurance rates is fair and equitable under Proposition 103 passed in 1988. Recently, the Personal Insurance Federation of California (PIFC) …
