The operators of a Lowell, Mass. medical clinic catering to patients claiming injuries from automobile accidents have pled guilty to charges of operating a scheme to defraud automobile insurance providers between 1993 and 1997. Magdalena Dino, 62, and her son, …
ConfirmNet Corporation, an e-service business-to-business application service provider to the insurance industry, has opened a new office in Pennsylvania. Richard Schoeninger manages the region and will operate from an office in Malvern, Penn. The office is the second to open …
Trolling for new business leads has been the bane of insurance agents for decades. Electronic data mining has eased the pain, but there are many gray areas as the call for consumer privacy grows louder. It was a bet with …
Recently, in March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating in this “deplorable practice.” THE QUESTION Obviously, slavery was a deplorable …
American Life Insurance Co. (ALICO), a member of the AIG Group, announced plans to team with Internet health care provider WorldCare, Inc. to offer global medical services through a consortium of health care providers. WorldCare Global e-Health Network(TM) operates through …
Marsh & McLennan Cos. Inc. received approval Monday to set up an Internet savings bank. The world’s largest broker will call the thrift “AtBank” and will provide retail deposit products to its employees and existing clients. AtBank, which will be …
The Massachusetts Senate passed Thursday a bill eliminating the countersignature requirement for state insurance agents, a move that will make it easier for agents and insurers to conduct business in the state and improve service to consumers. Passed last year …
Editor’s note: The first portion of this article appeared in our April 10 issue, page 28. The tort of negligent misrepresentation protects commerce from loss-producing, negligently supplied misinformation. It is restricted to the world of business transactions, broadly understood. Actual …
U.S. property and casualty insurers will pay $1.71 billion to homeowners and businesses for insured property losses from seven catastrophic events in the first quarter of this year, according to initial estimates from Insurance Services Office Inc.’s Property Claim Services …
FirstFed Insurance Agency, which is part of FirstFed America Bancorp. Inc., has acquired Smith-Cochrane Insurance Agency and All Risk Insurance Agency, both of Swansea, Massachusetts. Frank Smith, the agency principal for Smith-Cochrane, will continue to work in the agency and …
