XL Hit with $183M Reserve Increase: Bermuda’s XL Capital Ltd. announced that its second quarter results will be adversely impacted by an increase in net reserves in its North American reinsurance operations of $191 million pre-tax-$183 million after tax, or …
MASSACHUSETTS Romney Would Require Insurance: Gov. Mitt Romney would require every person in the state to have health insurance under his plan for universal health coverage, which he has dubbed the Safety Net Care proposal. The Safety Net plan is …
ILLINOIS Feds Subpoena CNA on Finite Reinsurance: Chicago-based commercial insurer CNA Financial Corp. has received a subpoena from New York federal prosecutor David Kelley relating to his investigation of finite reinsurance. Kelley, the U.S. Attorney for the Southern District of …
ALABAMA Arlene’s Timing Perfect for Referral List When Tropical Storm Arlene blew through Alabama it made the timing ideal for the release of a homeowners insurance referral list providing area homeowners with the names and contact numbers of insurance companies, …
Louisiana Three Arrested for Accident Staging The Louisiana State Police Insu-rance Fraud Unit arrested three Ville Platte residents on felony insurance fraud related warrants. The state police said the arrests were the result of an investigation into a staged accident, …
ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The bill is SB 603 by Sen. Deborah Ortiz (D-Sacramento). “SB 603 …
ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The bill is SB 603 by Sen. Deborah Ortiz (D-Sacramento). “SB 603 …
ALABAMA DOI Lists Insurance Providers A list of insurance companies, agencies and agents writing property insurance in coastal areas of Alabama, including Mobile and Baldwin counties became available June 13, thanks to the efforts of the Alabama’s Hurricane Insurance Issues …
Arkansas Crash Records Available Online The Arkansas State Police reported that Arkansas Uni-form Highway Crash Records are now available online through the Arkansas State Police Web site, www.asp.arkansas.gov, and the Arkansas state Web portal, www.arkansas.gov. The Arkansas State Police is …
WASH. CLIENTS ELIGIBLE FOR $14M FROM MARSH: More than 15,000 Washington businesses, associations, individuals and other organizations reportedly qualify for nearly $14 million in restitution offered by the nation’s largest insurance brokerage firm to settle allegations of fraud and anti-competitive …
