Laguna Hills, Calif.-based The Doctors Insurance Agency representing The Doctors Company (TDC), the nation’s largest doctor-owned professional liability insurance company, has announced the changing of its name from The Doctors Insurance Agency to RGI Insurance Services Inc. RGI Insurance Services …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Camden County man has pleaded guilty to possessing a phony automobile insurance identification card in order to avoid obtaining legitimate automobile insurance. According to Insurance Fraud Prosecutor Greta …
American International Group, Inc. (AIG) reported that its net income for the full year 2003 increased 68.0 percent to a record $9.27 billion, compared to $5.52 billion in 2002. Net income excluding realized capital gains (losses) and cumulative effect of …
In response to insurance companies’ reported need for more effective tools to manage their Directors & Officers Liability Insurance (D&O) portfolios for U.S. publicly traded companies, Guy Carpenter & Company, Inc. announced the launch of the industry’s first model for …
Nearly 40 SAFE KIDS coalitions and chapters throughout North Carolina with the support of Kiwanis Clubs are sponsoring a statewide Child Passenger Safety Seat Check Saturday, Feb. 14. The seat check, which will be held in 36 locations across the …
A Florida dental assistant is facing charges of workers’ compensation fraud, grand theft and perjury after reportedly failing to tell her most recent employer that she had collected a $17,000 workers’ comp settlement for an allergic reaction to latex gloves …
North Dakota Insurance Commissioner Jim Poolman announced that a new fraud unit and insurance fraud awareness media campaign are starting statewide. The new unit, which will serve to investigate and deter insurance fraud, will work in conjunction with a new …
Pennsylvania-based Harleysville Group Inc. is increasing loss reserves for prior accident years by $42 million pre-tax, or $0.92 per share after tax, in the fourth quarter of 2003, reflecting reserve increases primarily in four business lines. As a result, the …
A Dallas jury convicted aviator Michael Lee Harms, of Grapevine, Texas, on federal charges that he defrauded the Office of Workers’ Compensation program. The Associated Press reported that the charges stem from a workers’ comp claim filed by Harms in …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of The Steamship Mutual Underwriting Association (Bermuda) Ltd. (Steamship), but has changed the outlook to negative from stable. “The rating reflects improving operating performance due …