Eleven alleged Bay Area fraud perpetrators were arrested on numerous felony counts including insurance fraud, identity theft, possession of stolen property and filing a false tax return. Wireless phone dealers, employees and customers were arrested for their purported involvement in …
P/C Consolidation “The logic of consolidation within the property and casualty industry, particularly in North America, may be gaining favor as the economy slows and as rates soften. However, our research suggests that analysts might not fully value these transactions …
The Colorado Legislature is considering a bill that the Property Casualty Insurers Association of America claims would add bureaucratic red tape and costs to the state’s automobile insurance system. House Bill 1389, the Fair Accountable Insurance Rates Act, would create …
A California consumer advocate group is criticizing Allstate for allegedly “systematically underpaying claims to policyholders, or forcing them into protracted court battles to secure a fair settlement.” According to Consumer Watchdog, formerly the Foundation for Taxpayer and Consumer Rights, the …
Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also serve on the International Executive Committee of Allianz …
600 The number of earthquakes that have shaken the basin off the coast of central Oregon in early April. Scientists noted they are baffled by the “swarm” of quakes, because that is something that often happens before a volcanic eruption, …
Hull & Co., Big Sky Underwriters, Powers & Co. Hull & Co. Inc. acquired substantially all of the assets of Missoula, Mont.-based Big Sky Underwriters Inc. “The people of Big Sky are well respected in the Northwest marketplace,” said Bob …
The banking and securities industry is facing worldwide subprime mortgage-related losses, which knowledgeable sources – including the International Monetary Fund — now suggest could top $1 trillion, according to Reuters. There is more than a hint of irony simultaneously to …
Confident bosses turn deaf ear to new ideas when they are feeling the power of their position, new research suggests Powerful people have confidence in what they are thinking. Whether their thoughts are positive or negative toward an idea, that …
The Hartford and XL Insurance pursue insurance industry’s love affair with sports-related, 360-degree marketing Quite a few insurers’ names have been bounced and bandied about like basketballs on TV lately, and it’s not by accident; it’s a high-profile benefit of …
