According to the latest accounts, Parmalat, the Italian dairy and food processing company, may have a shortfall in its accounts in excess of 8 billion euros ($10.1 billion), putting it on a par with Enron, as one of the world’s …
The Independent Insurance Agents & Brokers of New York Inc. announced today that ending the $1 billion drain on New York motorists and freeing the state’s construction industry from a severe crisis created by obsolete provisions in labor law again …
A chartered Boeing 737 with 148 people on board crashed into the Red Sea shortly after taking off from the Egyptian resort of Sharm el-Sheik early Saturday morning. There were no survivors. The plane, operated by Egyptian charter carrier Flash …
Florida’s Chief Financial Officer Tom Gallagher said that a new law which went into effect Jan. 1 prohibits insurance companies from using a person’s credit history against them if they are dealing with unexpected medical bills or the death of …
The Kansas Insurance Department, in cooperation with Sheridan County Attorney Mike Haas and the Kansas Attorney General’s Office, has filed felony charges against a Selden, Kan., insurance agent. An investigation by the Kansas Insurance Department Fraud Unit led to charges …
Florida State Fire Marshal and insurance fraud investigators with the Department of Financial Services have arrested a local homeowner for allegedly burning her home to collect insurance proceeds. Investigators said Gari Ann Lowery-Helton, 37, formerly of Cantonment, committed arson, setting …
Martin Francis, administrative law judge, recently ordered the permanent revocation of the license of Daniel C. Heese of Council Bluffs, in action brought by the Iowa Insurance Division. Heese was reportedly found to have engaged in various acts in violation …
The Board of Directors of the National Insurance Producer Registry (NIPR) announced a 10 percent reduction in prices on all NIPR products effective Jan. 1, 2004, bringing unexpected savings to insurers, producers and brokers across the country. NIPR, a non-profit …
The Texas Department of Insurance has scheduled hearings in January concerning two issues affecting the property/casualty insurance industry: use of credit scores in establishing rates for personal lines insurance and rules regarding reinsurance for Texas Windstorm Insurance Association policyholders. On …
The 2004 NAPSLO Mid-Year Educational Workshop is set for Feb. 5-8 at the Marriott Camelback Inn Resort in Scottsdale, Ariz. Workshop programs include an examination of Errors & Omissions coverage, a current review of the globalization of the industry, and …