The Alliance of American Insurers reports that a recently completed new study shows that a lack of anti-fraud safeguards in New York State’s auto insurance system has caused New Yorkers to develop more permissive attitudes toward committing insurance fraud than …
The California Workers’ Compensation Insurance Rating Bureau (WCIRB) submitted its annual regulatory filing to the California Insurance Commissioner July 30. In its filing, the WCIRB proposed the following: *An average increase in advisory pure premium rates of 12.0 percent to …
Texas Commissioner Jose Montemayor has levied fines totaling $12.5 million against the operators and chief marketer of a fraudulent health care plan that reportedly enrolled approximately 7,200 Texas residents. The unlicensed plan, called Employers Mutual LLC (EM), allegedly left patients, …
The Senate approved fiscal year 2004 funding for the Department of Homeland Security (DHS), containing just over $38 million in funding for the payment of Cerro Grande fire claims. “The National Association of Independent Insurers (NAII) applauds Sen. Pete Domenici …
A split decision issued July 29 by a federal judge in California in a case related to local privacy ordinances is a case of good news/bad news for insurers and other financial services companies, according to the Alliance of American …
Copart, Inc. has opened a salvage facility in Albany, New York. With the addition of this 14-acre greenfield location Copart now has 102 locations in 40 states. “This new facility will service from Albany to the Canadian border,” said Willis …
Virginia-based Markel Corporation reported net income of $5.97 and $9.66 per diluted share, respectively, for the quarter and six month period ended June 30, 2003 compared to net income of $2.36 and $4.09 per diluted share, respectively, for the quarter …
The St. Paul Companies announced second-quarter 2003 net income of $214 million, or $.89 per share, up from a second-quarter 2002 net loss of $223 million, or $1.09 per share. Second-quarter 2003 operating earnings were $172 million, or $.71 per …
Tennessee-based Diversified Product Inspections, Inc., a provider of independent product failure analysis, air contamination and fire investigations for the insurance industry announced that the company is in the final development stages of HomeCheckSafety.com, a safety and loss prevention program based …
Alabama-based Infinity Property and Casualty Corporation reported net earnings for the second quarter of $12.3 million or $0.60 per share, on a fully diluted basis, compared to net earnings of $2.1 million or $0.10 per share on a pro forma …