Few people can forget the devastation of the Northridge earthquake, but for some, it’s all too easy to overlook how a major earthquake can leave personal finances in shambles. The Northridge quake caused more than $15 billion in insured losses, …
In the wake of one of the state’s largest health insurers announcing that it will not be renewing the policies of its individual health customers, Florida’s chief insurance regulator is cautioning the affected consumers to be aware of their options. …
New Jersey Attorney General Peter Harvey announced that a former Morris County insurance agent was sentenced in Morris County Superior Court for reportedly stealing nearly $600,000 from annuity accounts of clients who entrusted the agent to properly invest the funds …
Phase III Medical, Inc. announced that it had reached substantially final resolution of its claims against StrandTek International. On May 9, 2003, Phase III (f/k/a Corniche Group Incorporated) had received summary judgment in the sum of approximately $1.4 million against …
Moody’s Investors Service announced that it has assigned prospective ratings to the $975 million universal shelf registration of Everest Re Group, Ltd. (Everest Re Group) — prospective senior unsecured debt at (P)A2), Everest Reinsurance Holdings, Inc. (“Everest Re Holdings) — …
The National Association of Independent Insurers issued a bulletin praising a recent decision by the New York Court of Appeals that rejected a plaintiff’s claim that he is entitled to collect injury damages under the state’s Section 240 labor law, …
Two former volunteer firemen have pleaded in a federal court in Pittsburgh to charges that on two occasions they deliberately set fire to their firehouse in neighboring Isabella in order to collect around $500,000 in insurance proceeds to fund a …
Peter W. Presperin has been named CFO of Fireman’s Fund Insurance Company. A direct report to CEO Jeff Post, Presperin was also elected to the Fireman’s Fund Board of Directors in November. Presperin succeeds Peter Huehne, who has been named …
Legislation aimed at stabilizing Ohio’s turbulent medical malpractice market passed the Ohio House of Representatives unanimously yesterday and is now headed to the Senate. House Bill 282, sponsored by Rep. Larry Flowers (R-Canal Winchester), would create a $12- million fund …
Member companies of both the National Association of Independent Insurers (NAII) and the Alliance of American Insurers voted Jan. 7 to merge and form a new trade association known as the Property Casualty Insurers Association of America (PCI). The new …