A 60-year-old New Hampshire man has been convicted of insurance fraud for taking money to replace items destroyed in a fire when he never replaced them, according to state officials. Attorney General Kelly Ayotte said Wellington Potter of Jefferson was …
Massachusetts Insurance Commissioner Nonnie Burnes and Attorney General Martha Coakley are at odds over how best to regulate the state’s new competitive auto rates. Coakley thinks some insurers are being stingy with their rate cuts and wants to dig deeply …
There is an X-factor in setting insurance rates that even actuaries would have a hard time calculating: Politics. For those who serve as their state’s ultimate authority on what factors insurers can use to raise or lower rates, political calculations …
A Maine lawmaker says the state has the highest boating fatality rate in New England, and he wants to do something about it. Rep. Thom Watson of Bath is proposing mandatory, one-time boating safety courses after a year in which …
A liver transplant patient has sued New York University Medical Center for $2 million, claiming the hospital’s pharmacy gave him medicine for HIV, the virus that causes AIDS, when he tried to fill a prescription for hepatitis C. Gregory Rossini, …
A New York court has ruled that plaintiffs suing Pfizer Inc. over its pain medication Celebrex do not have reliable scientific evidence to prove the drug can cause heart attacks and strokes at the 200-milligram dose, the company said Wednesday. …
Florida officials arrested 19 additional Floridians accused of fraudulently obtaining Florida commercial driver licenses (CDLs). Those arrested this week surrendered, some calling in response to initial arrests on Jan. 4. So far, 26 individuals have been charged in the ongoing …
“GCube, the insurance entity spun out of Lloyd’s managing general agency WindPro, has opened its doors to business on both sides of the Atlantic,” notes a bulletin on the Lloyd’s web site (www.lloyds.com). “GCube Underwriting Limited (GCUL) in London and …
Houston-based insurer HCC Insurance Holdings has launched Lloyd’s Syndicate 4141 with an initial capacity of $24 million. It will write business on behalf of MultiNational Underwriters (MNU), the Indianapolis-based insurer that HCC purchased last week, and will initially focus on …
Guy Carpenter & Company has released its “2008 Reinsurance Market Review: Near Misses Call for Caution.” The report presents a comprehensive review of global market conditions as of the January 1, 2008 renewal period and provides additional detail to the …
