An national advocacy group is urging lawmakers in Maine to create an insurance fraud bureau. The Pine Tree State, according to the Coalition Against Insurance Fraud, has the highest per-capita rate of insurance fraud in America and should act to …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings to U.K.-based marine insurer Steamship Mutual Underwriting Association Ltd. with a stable outlook. S&P said the “ratings reflect the company’s core status within …
Standard & Poor’s Ratings Services has placed its ratings on Prospect Medical Holdings Inc. including the ‘B-‘ counterparty credit rating, on CreditWatch with negative implications. “We took this rating action as a result of a contractual performance dispute that has …
A Vidalia, La., insurance agent has been issued a cease and desist order, license revocation and fine notice for alleged misappropriation of insurance premiums. William Christopher Jackson, 38, was served by Department of Insurance Fraud Section Investigators twith an order …
Professional Liability coverage for the Agents of Farmers Insurance Group, Inc. The United Farmers Agents Association has introduced a group professional liability program exclusively for agents of Farmers Group Inc. The program offers enrollment on a monthly basis with pro-rated …
Federal officials confirmed they found traces of salmonella in a central California pistachio processing plant that sparked a nationwide recall of the nut. The Food and Drug Administration said state and federal inspectors found the bacteria in “critical areas” at …
Recent floods are receding for now, but farmers and ranchers in North Dakota and northwestern Minnesota are worried they’re on track to repeat the dismal year of 1997. That was the year spring blizzards and record flooding devastated cattle herds, …
Connecticut Attorney General Richard Blumenthal is questioning why up to $400 million in federal bailout money is going to the big three credit rating agencies that he says helped create the economic meltdown. Blumenthal said Monday that he is investigating …
Among the issues that plague coverage lawyers and insurance agents, and especially insureds, is that of a misnamed, unnamed or mischaracterized insured. All too often in insurance policies, corporations are designated as assumed names, partnerships as individuals in corporations, or …
The U.S. Department of Agriculture is giving West Virginia farmers who lost crops due to natural disaster last year more time to apply for crop insurance and other assistance. The agency says farmers have until May 18 to buy in …
