An East Tennessee insurance claims adjuster is awaiting sentencing in a crop loss insurance scam. The agent who sold multimillion-dollar crop insurance policies to tomato farmers who faked a hailstorm has been sentenced to more than two years in prison. …
Paul Braithwaite, managing director at Navigant Consulting, has been elected as president of the Casualty Actuarial Society, and Thomas G. Myers, vice president, product management for High Point Safety and Insurance Management Corporation, has been named President-Elect. Braithwaite has been …
Pennsylvania Gov. Ed Rendell has urged state legislators to pass a law to have the state pay for the life insurance premiums for National Guard soldiers and airmen on active duty, and a leading Republican senator said he would push …
Regardless of whether or not the U.S. Federal Government authorizes an extension to TRIA (Terrorism Risk Insurance Act) beyond the end of this year, terrorism remains a very real threat and should not be ignored. According to Aon’s 2005 Terrorism …
A.M. Best Co. announced that it has assigned a financial strength rating of “B+” (Very Good) and an issuer credit rating (ICR) of “bbb-” to Lebanon-based Arab Reinsurance Company S.A.L. (Arab Re). The outlook on both ratings is stable. “The …
Two insurance companies are not obligated to pay claims for a shooting rampage that left five people dead and another critically injured four years ago near Pittsburgh, a Superior Court panel recently ruled. The ruling means that Richard Baumhammers’s parents, …
Two insurance companies are not obligated to pay claims for a shooting rampage that left five people dead and another critically injured four years ago near Pittsburgh, a Superior Court panel recently ruled. The ruling means that Richard Baumhammers’s parents, …
The state of Vermont said it will need about 10 days to investigate a construction accident that killed one man and sent a fellow worker to the hospital in Proctorsville. The Vermont Occupational Safety and Health Administration (VOSHA) is investigating …
A.M. Best Co. announced that it has, affirmed the financial strength rating of B++ (Very Good) of Tunisia’s BEST Reinsurance (BEST Re), reflecting the company’s “improved level of consolidated risk-adjusted capitalisation, consistently profitable underwriting performance and a diversified spread of …
Pennsylvania Insurance Commissioner Diane Koken, in her capacity as the state regulator for the industry, released the results of the Private Passenger Automobile Underwriting Guidelines review conducted by the Department’s Market Conduct Division. “On August 16, 2002, the Market Conduct …
