Standard & Poor’s Ratings Services has revised its outlook on the U.S. property/casualty commercial lines sector to negative from stable. “The outlook revision follows allegations of widespread misconduct in a civil complaint filed by the New York State Attorney General …
The California Insurance Guarantee Association (CIGA), will not be held responsible for covering workers’ comp claims filed by 500 of the staffing agency’s employees who were insured by insolvent carrier Reliance National Insurance Company, according to a California Court of …
The industry was rocked weeks ago with the announcement of New York Attorney General Eliot Spitzer’s charges against Marsh & McLennan. While Spitzer’s probe had been known for some time, the unexpected results shook the industry with its own Enron-type …
Here is a tale of two sellers. A realtor sold a home in a quiet neighborhood to a nice family. Shortly after settling in, the new homeowners begin to discover certain defects in the property, which had not been disclosed …
Southwestern Insurance Information Service (SIIS) will host a Public Policy Forum, “A Preview of the Texas Legislative Session,” Dec. 8, 2004, at an 11:30 a.m. luncheon at the Intercontinental Hotel in Dallas, Texas. Registration forms are available on the SIIS …
The Arkansas Workers’ Compensation Commis-sion (AWCC) recently released its annual revision of Advisory 2000-1, which establishes the amounts to be paid to injured workers under the state’s workers’ compensation laws. The revision advises parties in the workers’ comp system of …
Louisiana Depart-ment of Insurance Fraud Unit investigators served a Lafayette-area insurance producer (agent) with a cease and desist order and summary suspension of her insurance license, Insurance Commissioner J. Robert Wooley announced. The C&D order alleges that Tonya Broussard Nolan, …
A multi-county grand jury in Oklahoma once again issued indictments against former state Insurance Commissioner Carroll Fisher, this time for accepting bribes, filing a false state tax return and perjury. The two indictments were unsealed on Oct. 25, 2004. The …
The SNL insurance broker index, which includes every public insurance company in the U.S., lost more than a quarter of its value since New York Attorney General Elliot Spitzer announced his investigation into contingent commissions and bid rigging. In response, …
Insurance Journal National Editor Andrea Ortega-Wells recently moderated a “Take Two” debate discussing the hot topic of medical malpractice, and what, if any, reforms are needed. The debate features Paula Sweeney, partner with the law firm of Howie & Sweeney …
