Puerto Rico News

Drunk driving death rates decline in 23 states

Drunken-driving deaths declined slightly across the nation in 2005, and the rate of drunken-driving deaths fell in 23 states, according to transportation officials. The National Highway Traffic Safety Administration reported that 23 states and Puerto Rico had a decrease in …

ACE Names Hidalgo to Head Argentina, Chile Operations

The ACE Group of Companies announced the appointment of Roberto Hidalgo as President and CEO of ACE Argentina and ACE Chile, effective February 1, 2007. He will leave his current post as President and CEO of ACE Puerto Rico to …

Drunk Driving Death Rates Declined in 23 States Last Year

Drunken-driving deaths declined slightly across the nation in 2005, and the rate of drunken-driving deaths fell in 23 states, according to transportation officials. The National Highway Traffic Safety Administration reported that 23 states and Puerto Rico had a decrease in …

Regulators Install Management Committee for Interstate Compact

The Interstate Insurance Product Regulation Commission created by the National Association of Insurance Commissioners installed its Management Committee and elected a Committee chair, vice-chair and treasurer recently during the Commission’s inaugural annual meeting in Lansdowne, Va. The Commission elected Pennsylvania …

It Figures

$17.5 million The total in refunds that Maryland Insurance Commissioner R. Steven Orr ordered Allstate Insurance to send to 20,571 auto policyholders he says were improperly charged. This restitution is in addition to a $100,000 administrative penalty. Allstate had sent …

The untold story: state guaranty funds

They’re involved with policyholders every day yet too few people know how these safety valves operate The National Insurance Guaranty Fund program, operating in every state, is the “untold story” in the property casualty industry, one insurance trade executive says. …

Figures

$17.5 million The total in refunds that Maryland Insurance Commissioner R. Steven Orr ordered Allstate Insurance to send to 20,571 auto policyholders he says were improperly charged. This restitution is in addition to a $100,000 administrative penalty. Allstate had sent …

The untold story: state guaranty funds

The National Insurance Guaranty Fund program, operating in every state, is the “untold story” in the property casualty industry, one insurance trade executive says. “The thing to remember about the guaranty fund system that’s important is that, nationwide, it has …

Regional Reporting Inc. Announces Calculations Milestone

New Technology Helps Keep Industry Veteran on Top Stamford, CT – National consulting and insurance services firm Regional Reporting, Inc., announced today that its customers have completed more than 100,000 calculations using the patented XML technology of e2Value, Inc. Regional …

Eight Arrested on N.Y. Workers’ Comp Fraud Charges

Eight individuals, including a New York State corrections officer, have been arrested for workers’ compensation fraud against the New York State Insurance Fund, the NYSIF reported. Suspects in the arrests accounted for more than $284,000 in actual fraud and more …