A bulletin, issued by New York State Insurance Department Superintendent Gregory V. Serio, described the arrest of Robert and Mary Smith of the Town of Alden in Erie County, on charges of arson, insurance fraud, attempted grand larceny and conspiracy. …
At a recent meeting with New York legislators, representatives of the Professional Insurance Agents of New York State Inc. stressed the need fight to auto insurance fraud; to define the permanent status of the New York Property Insurance Underwriting Association …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ insurer financial strength rating on U.K.-based Minster Insurance Co. Ltd. The rating was simultaneously withdrawn at the request of the French parent company Groupama S.A. “Minster is a …
Standard & Poor’s Ratings Services announced that it has lowered its ratings on chassis and marine cargo container lessor Interpool Inc., including the corporate credit rating to ‘BB’ from ‘BB+’. All ratings remain on CreditWatch with negative implications, where they …
A report from Moody’s Investors Service notes a stable rating outlook for Italy’s rated P/C insurers and a steady improvement in results since 2001. “The continued upturn for most of the seven rated entities is based on the improved quality …
Peoria, Ill.-based RLI Corp. has promoted Piyush K. Singh to chief information officer. RLI President and CEO Jonathan E. Michael said that Singh has played a significant role in leading the growth of RLI’s information technology department. Singh joined RLI …
A report detailing state legislative efforts to reform the U.S. civil justice system was recently released by the National Association of Mutual Insurance Companies (NAMIC). The report, part of a NAMIC series regarding state laws and legislative trends, furnishes a …
Mandeville, La.-based provider of risk management solutions and group benefits administration, FARA, announced it has promoted Charlotte Briones to claims supervisor of the Long Beach, Calif. branch office, effective immediately. In her new position, Briones is responsible for the claims …
Arkansas Insurance Commissioner Mike Pickens issued a warning that despite his arrest for fraud, Steven Edward Gwin, better known as Steve Gwin, is continuing to sell insurance products in the Northwest Arkansas area. According to the Arkansas Insurance Department, Gwin …
Few people can forget the devastation of the Northridge earthquake, but for some, it’s all too easy to overlook how a major earthquake can leave personal finances in shambles. The Northridge quake caused more than $15 billion in insured losses, …
