New York Superintendent Gregory Serio announced the Top 10 list of worst cases of insurance fraud in New York State during 2002. These ‘Rotten Apples’ were part of over 1,200 new cases investigated by the Department’s Frauds Bureau. Worst among …
Mike McClure has been named to the newly created position of vice president of finance and strategic development for NATLSCO, Inc. He will be responsible for leading the development of Kemper Insurance Co.’s service platform. Kemper recently announced it was …
Three Miami residents have been arrested on grand theft and fraud charges stemming from allegations that they created fraudulent vehicle accident reports and passed them off to various clinics that billed insurance companies for more than $90,000, Florida’s Chief Financial …
A.M. Best Co. announced that it has raised the financial strength rating to A (Excellent) from A- (Excellent) of AXIS Specialty Limited (AXIS) (Bermuda) and its operating affiliates with a stable outlook. “This action reflects the company’s superior operating results …
Aon Corporation’s subsidiary, Aon Re Inc., in conjunction with its catastrophe modeling unit, Impact Forecasting, recently completed the first probabilistic catastrophe risk analysis of a combined portfolio of life, accident, and property risks for a major insurer. The analysis also …
The Alliance of American Insurers (AAI) praised the West Virginia Legislature for its passage of SB 213, a venue reform bill that limits the ability of non-residents to bring suit in the state. “The lawmakers of West Virginia have wisely …
Private sector workplace injuries and illnesses in Florida decreased slightly in 2001, down 800 from 288,200 in 2000, according to the Florida Department of Financial Services (FDFS). This statistic, among others, is the result of the Survey of Occupational Injuries …
California-based SCPIE Holdings Inc., a provider of healthcare liability insurance, reported results for its fourth quarter and year ended Dec. 31, 2002, which includes the divestiture of its assumed reinsurance business and a renewed focus on the company’s core book …
Nine out of 10 American homeowners have concerns about becoming victims of identity theft, the fastest reported growing category of fraud in the country, yet nearly two-thirds are unsure whether their insurance policy protects them financially if this crime were …
New Jersey Acting Attorney General Peter Harvey announced the arrest of a Middlesex County insurance claims adjuster on criminal charges related to an alleged insurance fraud scam in which unsuspecting victims of automobile accidents and legitimate insurance claimants were “conned” …