The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in net investment gains, according to Insurance Services Office …
The U.S. Supreme Court last month defeated a California law that required insurance companies to provide information about all of their Holocaust-era policies. In a 5-4 vote, the High Court decided that California’s Holocaust Victim Insurance Relief Act of 1999, …
Arshak (Mike) Rostomyan, 27, of Glendale, Calif., was arrested for allegedly selling fraudulent insurance policies and charged with three counts of grand theft. According to CDI investigators, Rostomyan, who owns All Century Insurance Agency in Los Angeles, sold false insurance …
Arsenia Ann Mack, 55, of Sacramento, was arrested after she surrendered on two counts of insurance fraud and one count of grand theft. According to CDI investigators, Mack reported a residential burglary loss on Oct. 2, 2001 to First American …
Two counts of insurance fraud and one count of attempted perjury led the CDI to the arrest of Hamman Noel Jr., aka Kenneth Arlington, 32, of Stockton, Calif., who had been a fugitive for more than a year. In April …
The CDI and the Los Angeles County Auto Insurance Fraud Task Force arrested 14 people who are suspected of defrauding three insurance carriers in a criminal conspiracy. The suspects allegedly sold insurance policies to uninsured motorists and backdated them to …
Harrison Bailey, 54, of Yuba City, Calif., was arrested on five counts of grand theft, five counts of theft of fiduciary funds, four counts of embezzlement by an agent and one count of altering records to defraud. Investigators from the …
While the hard market continues to support current rate levels, there is increasing turmoil within our industry. Is there any doubt that major changes are on the horizon? After all, who can predict the timing of the hard market/soft market …
It is nearly impossible to deny the impact the burgeoning Hispanic population has and will have on American culture and its markets. The marketplace for insurance is no exception. Hispanics are now the country’s largest minority group, having officially overtaken …
In past articles we have recommended that agencies perform a SWOT Analysis on themselves as part of the firm’s yearly business planning. SWOT Analysis is a very effective way of identifying a business’ Strengths and Weaknesses as well as examining …
