Japan’s Aioi Insurance Co. has filed a lawsuit in North Carolina against Fortress Re and its accounting firm, Deloitte & Touche LLP, alleging improper acts by the privately owned reinsurer’s directors and shareholders in regard to losses it suffered from …
Richard Swoy, chairman of Superior Access Insurance of Irvine, Calif. announced the addition of an “A++ XV” Superior A.M. Best rated carrier offering professional liability coverage nationally. Quotes are available on-line and applications can be downloaded on a 24-hour basis. …
Erie Insurance Group announced that its property and casualty companies would increase loss and loss adjustment expense reserves by approximately $184 million in the fourth quarter of 2002. The company also reported its expected losses due to recent storms. The …
Insurers are expected to pay homeowners and businesses $360 million for insured-property losses from the winter storm on Dec. 4-5 that blanketed North Carolina and four other states with snow and ice, according to preliminary estimates by Insurance Services Office, …
Nuts & Bolts: Baldwin Sadler Corporation has a new Truckers Occupational Accident Program. It provides truck owner-operators, who are under lease to a motor carrier, the opportunity to purchase occupational accident and disability income insurance that may not be available …
North Carolina Insurance Commissioner Jim Long, in conjunction with Chief Tom McCarthy of the Fayetteville Police Department and Chief Tommy Hagens of the St. Pauls Police Department, announced the arrest of Eugenia Rose Johnson of Fayetteville on charges of Obtaining …
The nation’s top 13 insurance crooks, cons and knuckleheads of 2002 have been enshrined into the first annual Insurance Fraud Hall of Shame by the Coalition Against Insurance Fraud. The inaugural scheme team was dishonored for insurance swindles that were …
A recent report by issued by the Alliance of American Insurers shows that despite the lowest market share in over 20 years, automobile residual market mechanisms in several states continued to burden private insurers in 2000. The report, “Residual Markets …
Communities that incorporate natural disasters in their land use planning experience fewer insured losses than those that do not, according to a new report presented at the Institute for Business & Home Safety’s (IBHS) Annual Congress in New Orleans. An …
Holly Saelens, Interim Director of Ohio’s Department of Insurance (ODI), announced the launch of a new “Property & Casualty Product Requirements Locator,” that will provide “a national searchable database of regulatory review requirements that offers insurers guidance in developing insurance …
