A report prepared for the Texas Legislature on credit-based insurance scores supports the insurance industry’s assertions that credit history is a valid tool in predicting future claims, according to trade groups such as the Alliance of American Insurers and the …
The New York Senate this week passed two bills dealing with insurance fraud, and the insurance industry is now waiting for the Assembly to take action. “We’re hopeful the Assembly will move quickly on these Senate bills, or on their …
Nearly nine months of work by the Alliance of American Insurers recently culminated in the introduction of a South Carolina bill, S 449, which would give the insurance industry a voice in shaping the state’s building code. According to the …
A.M. Best Co. commented that the financial strength ratings of A- (Excellent) of the Royal & SunAlliance USA Insurance Pool and the affiliated Royal Surplus Lines Insurance Company remain unchanged following the parent company’s announcement of the 2002 year-end results. …
A report prepared for the Texas Legislature on credit-based insurance scores reportedly supports the Alliance of American Insurers’ (AAI) contention that credit history is a valid tool in predicting future claims in the insurance industry. The report was paid for …
Valley Oak Systems, Inc. (VOS), a national provider of claims management software, services and support, announced that it implemented VOS Portal, its claims management system, at the City and County of San Francisco (CCSF). The system will expand CCSF’s capabilities …
New Jersey’s Acting Attorney General Peter Harvey announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has secured the arrest of Iris Salkauski – listed as one of the Division of Criminal Justice’s “Most Wanted” fugitives …
The Senate Judiciary Committee held a hearing to address the prolonged asbestos litigation crisis that has been plaguing the insurance, business, and labor communities. Chairman Orrin Hatch (R-Utah) stressed the need for legislation and encouraged input from all interested parties …
Florida lawmakers must act on Governor Jeb Bush’s call for medical liability system reforms—including a $250,000 cap on non-economic damages—in order to end a crisis that is driving up healthcare costs and eroding the public’s access to care, according to …
Bermuda-based ESG Re Limited appointed Peter Collery to the Board of Directors of the company as a non-executive Director. Collery is currently the president of SC Fundamental LLC, which manages the SC Fundamental Value Fund, L.P. The SC Fundamental Value …