Unlike American International Group, Zurich, ACE and other insurers that have settled similar charges, Liberty Mutual Insurance Group has decided to fight allegations of anti-competitive practices that have been brought against it by the attorneys general of New York and …
Erie Indemnity Company in Erie, Pa., reported a 14.4 percent drop in net income to $49.5 million for the first quarter, a decline it attributed to costs of operations outpacing revenue growth, but officials said there were favorable indications in …
Risk experts are warning insurance companies that they may be underestimating their risk if they assume that a new influenza pandemic would be no worse than the 1918 influenza pandemic. While some published studies have already illustrated the effects of …
The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during March. The actions include five license revocations, three license denials and fines and restitution totaling $67,250. Copies of Geeslin’s orders may be obtained …
Valencia, CA – Back in 2003 QualCorp, Inc. began the year with a stronger focus on quality control by establishing an elaborate software testing environment in which each customer version of FormsPlus Enterprise would be thoroughly tested. Allen Beggs, President …
Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal today announced an $80 million settlement agreement with Bermuda-based holding company ACE, Limited, and its U.S.-based insurance subsidiaries. The charges against the insurance giant …
USG Insurance Services, Inc., a national insurance wholesaler based in Tampa, Fla., announced several personnel changes and office relocations. Amy Whiting has been promoted to brokerage manager and Jennifer Szalkay to underwriting manager in the Pittsburg office. James Welsh has …
In the next four years, the number of workers 55 years or older will increase 32 percent. To help employers understand and respond to that trend, California State Compensation Insurance Fund’s Santa Ana district office has scheduled a free seminar, …
CSR Limited, a large Australian building products manufacturer, has reached a settlement of asbestos litigation with a group of 48 Australian, United Kingdom and European insurers. Under the terms of the settlement each of the settling insurers is obliged to …
New York independent insurance agents are not too happy that Zurich Financial Services has decided to implement nationwide the stricter of two agency compensation disclosure policies it signed as part of recent settlements with various states. According to the Independent …
