The National Association of Mutual Insurance Companies (NAMIC) has asked Colorado’s governor to veto two bills that would erode ongoing tort reform and undermine the state’s worker’s compensation procedures. HB 1121 would allow substitute service of process upon the secretary …
The Chubb Corp. on Monday reported that net income in the first quarter of 2005 was $470 million, a 30% increase over net income of $361 million in the first quarter of 2004. Net income per share increased 26% to …
Atlanta-based Crawford & Co., a large independent provider of claims management solutions to insurance companies and self-insured entities has announced its financial results for the first quarter ended March 31, 2005. First quarter 2005 revenues before reimbursements totaled $184.3 million, …
Insurance giant Allstate Corp. on April 22 sued the liquidator of an out-of-business automotive repair company that has held about 1,000 cars awaiting collision repairs until its assets are sold. Allstate filed a Superior Court suit against Credit Managers Association …
A Bank of Hawaii insurance executive who was fired for cheating has resigned from the state Judicial Selection Commission. Wes Imamura has notified Senate President Robert Bunda of his decision to step down. He was appointed to the commission by …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Middlesex County man has been sentenced to prison for his role in an automobile “give up” fraud. According to McKoy and Insurance Fraud Prosecutor Greta Gooden-Brown, George T. …
Louisiana Attorney General Charles Foti, Jr. announced that two more men have entered guilty pleas for their association in an insurance fraud scam that involved hundreds of insurance agents across Louisiana. Over the past year and a half, the Attorney …
Florida insurance regulators are probing the dealings of 17 reinsurers selling finite risk policies. Florida’s Insurance Commissioner Kevin McCarty said that he has issued investigative subpoenas to the reinsurers requesting information related to finite reinsurance activities. McCarty addressed the action …
The U.S. property/casualty industry reported improved operating results in 2004 for the second straight year, but for the first time since 1978, underwriting results were profitable, with a combined ratio of 97.9, according to a special report released by the …
Heartland Marketing Group announced they are now quoting Lexington’s High Value Homeowners Product in house, allowing for rapid turnaround. Lexington targets homes over $100,000 in value ($200,000 in Texas) with a specific appetite for high-value homeowners. With access to Lexington, …
