The Property Casualty Insurers Association of America (PCI) testified before the Colorado House Business Affairs and Labor Committee on Friday that legislation (HB 1330), which would impose extensive new data reporting requirement on property casualty insurers would not help consumers …
A Kalamazoo man who police say was part of a family scheme to burn down a mobile home, then collect the insurance money, is set to testify against his parents at trial, according to a report by the Coalition Against …
American International Group, Inc. announced Friday that its AIG Companies terminated the agency relationship with Starr Technical Risks Agency, Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V. Starr & Co., Inc. C.V. Starr is run by AIG’s …
Three veteran underwriting executives — Michael Solano, Robert Thomas, and Michael Weis — have been promoted to assistant vice president at Sunshine State Insurance Company (SSIC). Sunshine State is a writer of homeowners’ insurance and related lines in Florida. The …
The U.S Department of Homeland Security’s Federal Emergency Management Agency (FEMA) urges Hurricane Katrina survivors who registered for disaster assistance to complete and return the loan application they received from the U.S. Small Business Administration (SBA). An SBA disaster loan …
A.M. Best Co. has completed its assessment of the U.S. commercial market and is extending its negative outlook for 2006. As a consequence, A.M. Best anticipates that there will be few rating upgrades or positive rating outlooks assigned in 2006 …
Chicago attorneys Steven Levin and Jeffrey Martin reported they recovered $2.9 million in a settlement on behalf of a baby girl whose shoulder reportedly became stuck during childbirth. The doctors applied too much pressure to extract the infant, causing nerve …
A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) and the issuer credit ratings (ICR) to “bbb” from “a-” for the reinsurance subsidiaries of the PXRE Group Ltd. The rating actions apply to …
The Kentucky Department of Insurance reported that recent Kentucky court actions indicate judges are increasingly handing out stiff sentences for insurance fraud-related crimes. “We hope the word is getting out that insurance fraud will not be tolerated in Kentucky,” said …
Ohio Insurance Director Ann Womer Benjamin was elected secretary of the Midwestern Zone section of the National Association of Insurance Commissioners (NAIC) during its winter meeting in Chicago. Womer Benjamin was elected to the leadership position by her peers in …
