Alliance of American Insurers’ President Rodger Lawson sent the following letter to the editor of the Chicago Tribune. In it he comments on the need for reform of an inefficient tort system that benefits trial lawyers more than the plaintiffs …
The Florida Division of Workers’ Compensation has fined a Port Charlotte engineering firm more than $54,000 for reportedly failing to provide workers’ compensation coverage for its employees. A workers’ compensation fraud investigator found that Herston Engineering Services, Inc., 20101 Peachland …
A northwest Houston man, who allegedly burned a sport utility vehicle belonging to family members in order to collect $35,000 in insurance proceeds, was arrested and charged after an investigation by Harris County fire marshal investigators. According to the Houston …
Standard & Poor’s has revised its outlook on Swiss Reinsurance Co. and related core subsidiaries of the Swiss Re group (Swiss Re) to negative from stable, after the group gave indications of its 2002 results and an overview of its …
A Fontana, Calif. man was arrested recently after he was charged with multiple counts of felony insurance fraud, San Bernardino County District Attorney’s investigator Frank Povero said. Investigators say Armando Herrera had allegedly arranged to have somebody dispose of his …
Texas Insurance Commissioner Jose Montemayor issued an order on Feb. 26, 2003 requiring residential property insurers to file with the Texas Department of Insurance rates and supporting information as required in Senate Bill 310, which was recently signed into law …
New York’s Superintendent of Insurance Gregory Serio told a Capital District luncheon crowd this week that his Department has just learned that the New York Court of Appeals has granted leave for plaintiffs to appeal the NYSID’s unanimous victory at …
Toronto-based Kingsway Financial Services Inc. issued a statement following the completion of a review of the financial strength ratings of it operating subsidiaries by A.M. Best Co., which affirmed current ratings on most of its U.S. subsidiaries. The company does …
Bermuda-based Allied World Assurance Company, Ltd. (AWAC) announced that “in response to the continued contraction of capacity for excess casualty coverage,” it has doubled the limit for qualifying renewals and prospective insureds from $25 million to $50 million, effective immediately. …
Calif. Insurance Commissioner John Garamendi has correctly identified many of the serious problems plaguing the state’s workers’ compensation system and the critical solutions that are vital to improving the marketplace, the American Insurance Association (AIA) said. AIA also applauded the …