An independent hearing examiner, on behalf of the Oklahoma Insurance Department, approved a request by Health Care Services Corporation (HCSC) to merge with Blue Cross and Blue Shield of Oklahoma. HCSC, with nearly 10 million policyholders, also operates as Blue …
Patience D. Minor of Columbus, Ga. is being held without bond in Muscogee County Jail charged with 11 counts of insurance fraud. The Georgia Insurance Commission conducted an investigation and alleged that Minor filed bogus claims totaling $8,300 on her …
New Hampshire Insurance Co. has asked state insurance regulators for permission to increase rates for its homeowner and condominium policies. Should state regulators give approval, the company’s premiums for single-family homes will rise by a statewide average of 23.3 percent, …
AMEX Assurance Company,of the American Express Property Casualty companies, is now writing insurance policies in New Jersey. AMEX is entering the New Jersey market exclusively through the Internet. Its web site is www.americanexpress.com/autohome. “American Express Property Casualty is excited and …
Global warming is pumping up the destructive power of hurricanes and typhoons, a new study published by Kerry Emanuel, a Massachusetts Institute of Technology hurricane specialist suggests. Emanuel’s analysis of data on storm winds and duration, according to New Scientist, …
Chubb Corporation announced that it has entered into an agreement to sell Personal Lines Insurance Brokerage, Inc. (PLI) to Chicago-based Hub International Limited. The transaction is expected to close within 60 days, subject to customary closing conditions. Terms of the …
The nation’s credit rating agencies are facing increased scrutiny from federal officials and New York Attorney General Eliot Spitzer. In recent months, the Securities and Exchange Commission and Congress have moved to make credit rating agencies more accountable to the …
Almost 60 percent of Chief Risk Officers and senior risk managers view network risk as a significant and growing threat to their organizations, according to the latest quarterly Corporate Business Barometer, conducted by the Economist Intelligence Unit and sponsored by …
Campaign spending and a $5,500 contribution from his campaign committee has put Georgia Insurance Commissioner John Oxendine on the Georgia Ethics Commission’s “to investigate” list; the committee told the Savannah Morning News it has decided to continue to investigate the …
A group of 18 insurers is suing American International Group and bankrupt fronting company Trenwick America Reinsurance Corp. for allegedly scheming to collect as much as $73 million in what the insurers claim are “grossly inflated” workers compensation and other …
