A national insurance group says two apparent staged car wreck rings found by authorities in the Oklahoma City metro is part of a nationwide trend. The National Insurance Crime Bureau says the number of schemes involving staged wrecks and false …
According to new research commissioned by Bowring Marsh, the Specialist International Placement Broker at Marsh, the “quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.” The study, conducted by an independent …
After the devastating back-to-back blows of hurricanes Katrina and Rita, Louisiana’s leaders created a far-reaching state bureaucracy to manage and devise multibillion dollar recovery plans for wrecked southern parishes. More than four years later, part of that bureaucracy, the Louisiana …
The European Central Bank’s decision to buy tarnished debt in the euro zone risks turning it into Europe’s de facto “bad bank” and putting cash-strapped governments and taxpayers on the hook for yet more money. The ECB was forced to …
Auto thefts in Arizona are declining with law enforcement and insurance industry partnerships to reduce crime and losses. Recent national data from the National Insurance Crime Bureau (NICB) shows the Tucson and Phoenix areas, ranked in the top 10 areas …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Berkley Insurance Group, Admiral Insurance Group, Berkley Regional Group and Nautilus Insurance Group and their respective P/C members. Best …
Ohio Department of Insurance Director Mary Jo Hudson announced that former Ohio insurance agent Damon Bryan of Medina has been sentenced to seven years in prison by Judge Christopher Collier of the Medina County Common Pleas Court after pleading guilty …
President Barack Obama will create a presidential commission to probe the oil spill in the Gulf of Mexico and energy giant BP said Monday it had “turned the corner” in its efforts to contain it. London-based BP Plc said its …
Albert Malasig has joined the property/casualty arm of Suhr Risk Services of California. With more than 20 years of experience in the insurance industry, and an emphasis in risk management for middle market businesses, Malasig’s career has included consulting and …
Federal experts say a small earthquake struck near the South Carolina coast last week. The U.S. Geological Survey reported the quake occurred about 6 miles south southeast of Summerville shortly after 5 a.m. Wednesday. It had a magnitude of 2.8 …
