New Jersey Attorney General Peter Harvey announced that a New York man has plead guilty to conspiracy for his reported role in helping to finance a scheme designed to fraudulently collect on a million-dollar insurance policy. According to Vaughn L. …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Seguros Inbursa SA (Mexico). The rating outlook is stable. The rating is attributable to Seguros Inbursa’s solid financial strength, consistently favorable operating results and its important position …
Irvine, Calif.-based CompPartners has formed a business relationship with First Health Group Corp. to provide The First Health® Network to its workers’ compensation Health Care Organization (HCO) clients in California. HCOs, which are fully integrated health care delivery systems for …
Pasadena, Calif.- based Western Security Surplus Insurance Brokers Inc. (WSS), announced a new market that will enable WSS to offer coverage for Vacant Buildings, Builders Risk and Renovations. The programs are underwritten by a California approved, “A” rated, non-admitted carrier. …
A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Gerling Canada Insurance Company (Ontario), which will be known as GCAN Insurance Company in the near future. The rating outlook is stable. The rating …
Arkansas Insurance Commissioner Mike Pickens announced the release and distribution of a Bulletin, which urges insurance companies to consider The Civil Justice Reform Act, Act 649 of 2003, when submitting rate filings with the Arkansas Insurance Department. Bulletin 2-2003 outlines …
Louisiana Commissioner of Insurance Robert Wooley said preliminary estimates show Tropical Storm Bill caused around $16 million in insured damages in Louisiana. Included in that figure are federal flood insurance claims. In an announcement released by the Louisiana Department of …
Veteran Texas-area insurance brokers, Kari Pitts and Cindy Thompson, joined the Dallas offices of Swett & Crawford, the wholesale insurance broker announced. Pitts is specialist in financial services exposures and coverages, including professional liability/E&O, directors and officers liability, employment practices …
An Orlando, Fla. insurance agent was taken into custody for allegedly misappropriating more than $30,000 in workers’ compensation insurance premiums, according to the Florida Department of Financial Services. The department said investigators with its Division of Insurance Fraud, allege Beverly …
Thursday, at the request of Congressman Tim Holden, the Pennsylvania Department of Agriculture’s (PDA) Deputy Secretary for Administration, Russell Redding testified before the U.S. House Subcommittee on General Farm Commodities and Risk Management in Washington, D.C. on the importance of …
