A bill being considered by a Colorado legislative panel aimed at reforming the state’s no-fault auto insurance law is a good first step, but doesn’t go far enough to enact the changes needed to fix this broken system, according to …
Houston-based SalvageSale, Inc., a global online salvage marketplace and salvor services provider for the claims recovery and commercial salvage markets, announced the hiring of Kevin Dooley as its new senior vice president of Sales and Marketing. Dooley comes to SalvageSale …
Rainbow International® Carpet Care and Restoration Specialist announced that through an agreement with Texas Select Lloyds Insurance Company it will become a preferred vendor for water remediation claims for Select Lloyds’ Texas policyholders. The agreement establishes the W.R.A.P. program—Water Remediation …
The Assurant Group announced plans to build a $14 million office complex for its flood and hazard insurance tracking center in Florence, S.C. and to create about 560 new jobs over the next two years. The new service center would …
District Court Judge John S. McGroarty accepted the guilty pleas of Warren Wright, 63, formerly of North Las Vegas, on two felony counts of insurance fraud. Wright agreed to pay $12,763.38 in restitution to the insurance companies he defrauded, reimburse …
Moody’s Investors Service has placed the ratings of property-casualty insurer The St. Paul Cos. on review for possible downgrade. Included in the review are the insurance financial strength ratings of St. Paul Fire and Marine, currently rated “Aa3,” and its …
Standard & Poor’s has raised its ratings based on public information on Hyundai Marine & Fire Insurance Co. Ltd. and Oriental Fire & Marine Insurance Co. Ltd. to ‘BBpi’ from ‘Bpi’. At the same time, Standard & Poor’s withdrew its …
New York Superintendent of Insurance Gregory Serio and Albany County District Attorney Paul Clyne announced the arrest of Leonard Krouner Esq., 55, of Loudonville, N.Y., for reportedly fraudulently obtaining disability benefits. He surrendered himself on Tuesday, February 11, 2003 to …
The Hospital & Healthsystem Association of Pennsylvania (HAP) recognized state House Republicans as they called for Governor Ed Rendell (D) to declare a state of emergency in the Commonwealth as a result of the growing liability crisis. In issuing their …
Ohio Insurance Director Ann Womer Benjamin has released the Department’s annual “Top 10 Insurance Fraud” list, noting that the agency had posted a dramatic increase in the number of completed cases, criminal indictments, and convictions. “Insurance fraud is unethical and …