The U.S. housing crisis has caused huge loan losses at big lenders but also spawned a slew of class-action lawsuits against them, many alleging noncompliance with consumer disclosure rules. “The compliance issue is a ticking time bomb for some lenders,” …
A Washington-based insurance trade organization has shifted two May conferences to The Homestead, a Hot Springs, Virginia, mountain resort. A nearby tavern is hosting sold-out dinner parties, and alcohol sales are soaring in the resort in Virginia’s Alleghany Highlands. A …
An insurance fraud scheme in which Houston-area homes were flooded by using water hoses has led to prison for three people. Multiple insurers were defrauded of more than $5 million over a six-year period, according to court documents A federal …
As an insurance agent, what makes your business go round? If you are like most, your answer is undoubtedly “insurance leads.” When it comes down to it, there is no going wrong if you continually gather leads. Auto insurance agents …
Standard & Poor’s Ratings Services has affirmed and removed from CreditWatch negative its ‘AA-/A-1+’ counterparty credit and senior debt ratings on American International Group Inc. S&P also affirmed and removed from >CreditWatch negative its ‘AA+/A-1+’ counterparty credit and financial strength …
The biggest barrier to effectively prosecuting individuals who commit insurance fraud is finding an effective prosecutor, Scott Cassidy, chief of special prosecutions, Cook County State’s Attorney’s office said to a gathering of insurance fraud investigators, legal experts and law enforcement. …
The Supreme Court of Arizona ruled that an insurance agent’s clients may assert claims for professional negligence against the client and may assign such claims to third parties. According to D. Jere’ Webb v. Victoria Gittlen, in 2000, Neal and …
A Baldwin, Wis. man was awarded more than $3 million in a malpractice case after losing part of his left leg. Jim Lang went to Dr. Gregory Estlund in 2003 after injuring his leg while working at a factory in …
Miami-based Howden, specialist liability broker and part of the global insurance group Hyperion, launched a new wholesale brokerage division. Howden Broking Group’s Miami office will offer brokers a global network of offices and specialist liability and crime products including: professional …
Colorado residents affected by powerful storms are beginning to sort through the wreckage and pick up the pieces. According to the Rocky Mountain Insurance Information Association, it is too early to estimate the total damage and cost of damage caused …
