The Michigan Catastrophic Claims Association (MCCA) Board of Directors set this year’s assessment at $100.20 per car and $20.04 per historical vehicle after an annual review of the pool’s financial statements. The increase is effective July 1, 2003 through June …
Acting Illinois Insurance Director Arnold Dutcher announced recently that he obtained an Agreed of Order entered by the Circuit Court of Cook County, Illinois on March 13, 2003 which contains a Finding of Insolvency for both Gallant and Valor Insurance …
The problems of mold claims that exploded in 2002, costing companies that insure homeowners more than $1 billion – roughly five times the cost in 2002, are diminishing in Texas – the state where the problems began and caused many …
“Regulation of the insurance industry in South Carolina is best handled by the Department of Insurance in Columbia, not a federal department of insurance in the District of Columbia,” said Gov. Mark Sanford (R) as he announced the kickoff of …
Travelers Property Casualty announced the first electronic transmission of location and vehicle schedules for large commercial accounts, in real-time, from an Applied Systems agency management system through IVANS Transformation Station directly into Travelers’ proprietary underwriting system. Travelers was the first …
As a result of an anonymous tip received by the Maryland Insurance Fraud Division, Mark Knott, a Hyattsville resident, pled guilty of unlawfully collecting workers’ compensation insurance benefits since 1995 from IWIF, Maryland’s largest workers’ compensation insurer, in Baltimore County …
New Jersey’s Peter Harvey, Acting Attorney General, announced that a Union County woman was sentenced for her reported role in defrauding an insurance company out of more than $13,000 by filing a fraudulent stolen automobile claim. According to Vaughn McKoy, …
A.M. Best Co. has placed the financial strength rating of A+ (Superior) of HDI Haftpflichtverband der Deutschen Industrie (HDI) and its core subsidiary, HDI Reinsurance (Ireland) Limited, under review with negative implications. The under review status reflects A.M. Best’s assessment …
Nationwide Insurance reported that it has received more than 14,500 claims from recent hail and wind storms that swept through nine states, including Alabama, Illinois, Indiana, Michigan, Mississippi, New York, Tennessee, and Texas. Nationwide, based in Columbus, Ohio, estimates insured …
“The ‘elephantine mass of asbestos cases’ lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,’” wrote Justice Ruth Bader Ginsburg in the U.S. Supreme Court’s recent decision in the case of …