The Strategic Insurance Agency Alliance (SIAA) announced it signed five new agencies in the Midwest during March. The new Midwest agencies are: Mraz Insurance Services of Mokena, Ill.; L&K Insurance Products of La Porte, Ind.; M2 Insurance Agency of Aurora, …
New York Attorney General Eric Schneiderman says New York will get $61 million from last week’s national settlement with drug maker Merck & Co. to resolve an investigation into the marketing of the painkiller Vioxx. A federal court has accepted …
The current property/casualty market is not a “classic” hard market, yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a traditional hard market are not in place, according to property/casualty brokerage …
Jim Rexroth knows what happens when drivers don’t pay attention to large farm equipment traveling on rural roads. The Lower Windsor Township, York County, Penn., farmer and his employees at Rexroth Farms have been involved in “small fender benders” several …
Massachusetts officials say they will not be opening slides at state-run pools this summer following a drowning. The decision stems from a 10-month review of policies and procedures that began after the June drowning of a 36-year-old woman in a …
A Costa Rican company has agreed to plead guilty to a $670 million global insurance fraud scheme. Provident Capital Indemnity Ltd. entered a plea agreement last Friday in U.S. District Court in Richmond, Virginia, where its majority owner and president …
Alabama Attorney General Luther Strange has urged a Louisiana federal judge to set a trial date to hear claims of lost revenue by Alabama and Louisiana because of the massive BP oil spill. Strange said Friday that setting a trial …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Insurance Corporation of Barbados Limited (ICBL), both with stable outlooks. The ratings reflect ICBL’s “solid capitalization, leading market presence in its …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its property/casualty members. Best also affirmed the ICR of “aa-“, senior debt …
Florida officials said they have arrested a licensed massage therapist, a physician’s assistant and 14 massage clinic patients on charges of insurance fraud and grand theft as part of an undercover sting. Officials said Judith Gonzalez, 39, owner of Flamingo …
