Negotiations between the U.S. Attorney in L.A. and representatives of Credit Lyonnais, the French government and other parties aimed at settling the criminal charges in the Executive Life case are reportedly stalled. They were scheduled to be completed by last …
California’s troubled workers’ compensation insurance system has been riddled in recent years with high costs, delays in dealing with injured workers and increasing litigation. Recent reforms may have positioned the market for improvement, but a lot remains to be done, …
U.S. District Court Judge Michael Mukasey has set Feb. 9, 2004 as the date for the first of several trials to determine the outcome of the lawsuit pitting Swiss Re, Travelers and other insurers of the World Trade Center against …
A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A+’ (Superior) of the U.K.-based HSB Engineering Insurance Company Limited (HSBEIL) with a “stable” outlook. “The rating reflects HSBEIL’s superior business position, operating performance and stand-alone risk-adjusted …
New Jersey Attorney General Peter Harvey announced that a former employee of a Hudson County insurance agency has been ordered to pay nearly $4,000 in restitution after reportedly admitting to concocting a scheme to issue fraudulent insurance claim checks while …
The Insurance Loss Control Association (ILCA) recently met for their annual conference and elections in Columbus, Ohio. Incoming Executive Committee Members are as follows; Bruce Ayrton of Bruce E. Ayrton, Inc has been elected president; Brock Bell of Brotherhood Mutual …
A.M. Best Co. has affirmed the financial strength rating of “A++” (superior) of National Indemnity Group, a subsidiary of Omaha, Neb.-based Berkshire Hathaway Inc. The rating applies to National Indemnity Company and its eight affiliated non-life and life insurance companies …
The owner of a Tallahassee, Florida pool construction business has been charged with workers’ compensation fraud and uttering a forged instrument. Wilbur Sellars, owner of Pro Pools Inc., surrendered last Thursday to the charges and was arrested by investigators with …
Texas Department of Insurance (TDI) Commissioner Jose Montemayor has rejected rate hikes requested by the Texas Medical Liability Insurance Underwriting Association, also known as the Joint Underwriting Association (JUA). According to the Texas Department of Insurance, the JUA had filed …
Texas Department of Insurance (TDI) Commissioner Jose Montemayor has rejected rate hikes requested by the Texas Medical Liability Insurance Underwriting Association, also known as the Joint Underwriting Association (JUA). According to the Texas Department of Insurance, the JUA had filed …