After months of work to reportedly develop bipartisan support for a malpractice insurance abatement for doctors, Pennsylvania Governor Edward Rendell said Tuesday he has regretfully directed Insurance Commissioner Diane Koken to notify all physicians that, by law, they must pay …
Nevada Insurance Commissioner Alice A. Molasky-Arman ordered TRG Marketing, L.L.C., TRG Administration L.L.C., (TRG) and its principals, William Paul Crouse and Carmello Zanfei, to pay administrative fines of $180,000, collectively, for reported violations of unfair trades practices by acting as …
David Alfred Tetley, 50, a former insurance agent, was sentenced to six years in state prison and ordered to pay restitution to victims after pleading guilty to six felony counts of Financial Elder Abuse and Grand Theft. The sentencing in …
Standard & Poor’s has affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Maine Employers Mutual Insurance Co. The ratings reflect its extremely strong capitalization, strong operating performance, and sound reinsurance program offset by high geographic and product line …
Standard & Poor’s has affirmed its ‘Bpi’ counterparty credit and financial strength ratings on Minnesota-based American Compensation Insurance Co. (American Compensation). The ratings reflect its weak operating performance and liquidity, good capitalization, and high geographic and product line concentration. Major …
Florida’s Chief Financial Officer Tom Gallagher is warning consumers to be wary about buying insurance over the Internet. In recent months, the Department of Financial Services has reportedly received an increasing number of complaints from consumers who bought insurance online …
A.M. Best Co. has downgraded the financial strength ratings of the Royal & SunAlliance USA Insurance Pool (Royal USA) (Charlotte, N.C.) and the Royal Surplus Lines Insurance Company (Charlotte) to B (Fair) from B+ (Very Good). The surplus lines company …
Actuaries reportedly face difficult challenges in accurately pricing commercial property insurance coverage under the Terrorism Risk Insurance Act of 2002 (TRIA), the temporary federal financial backstop for insuring against terrorist attacks approved by Congress last November. Reinsurance and exposure modeling …
Panelists at the 15th Annual Executive Conference for the Property/Casualty Industry in New York on Nov. 20-21 concurred that a soft market is not around the corner. There was less agreement on another hot topic at the meeting, the direction …
Despite an economic climate and difficult industry year that has seen several companies eliminate their participation at this year’s International Autobody Congress and Exposition (NACE) in December, San Diego-based Mitchell International, a provider of information and workflow solutions to the …