Maine’s office that regulates mortgage companies has revoked the license of East Coast Funding Inc., a Brewer loan broker. A consent agreement signed by the parties March 8 declares that “East Coast is no longer qualified” to arrange loans for …
Continuing his push to reform the state’s broken workers’ compensation system, California Insurance Commissioner John Garamendi will travel to New York to meet with executives of some of the country’s largest insurers to try to bring more of them back …
A 25-year-old Central Washington man, Fernando Palestino, has pleaded guilty in Chelan County Superior Court to first-degree theft, second-degree perjury and first-degree identity theft after he was reportedly caught working at a variety of jobs while he was collecting workers’ …
A.M. Best Co. and Standard & Poor’s Ratings Services have both issued comments indicting that their ratings on the U.K.’s Royal & Sun Alliance Insurance Group plc will not be affected by the group’s reported decrease in earnings for 2003 …
Moody’s Investors Service’s latest forecasts for the Lloyd’s of London insurance market indicate that Lloyd’s could record profits totaling around £6 billion ($10.8 billion) for the 2002 to 2004 years of account, with the cumulative returns on capacity equaling the …
The issue of credit-based insurance scoring will once again reportedly be the subject of much discussion and attention during the spring meeting of the National Association of Insurance Commissioners (NAIC) in New York, which begins this weekend, the American Insurance …
The Oklahoma House of Representatives, concluding what has reportedly been a grueling three weeks of public policy debate, passed a workers’ compensation reform bill designed to keep a lid on costs. According to the House media services division, looming term …
Lake Zurich, Ill.-based Broadspire Services Inc. has signed a definitive agreement to acquire the United States third-party administration assets of Cunningham Lindsey Claims Management Inc. and RSKCo Services Inc. from their parent company, Lindsey Morden Group Inc. Broadspire said in …
Mississippi Insurance Commissioner George Dale announced that the Mississippi State Rating Bureau has upgraded the public fire protection facilities of the Fisher Ferry Fire Protection District in Warren County. The fire prevention and protection facilities of the Fisher Ferry Fire …
Royal & Sun Alliance Group Plc., the U.K.’s second-largest general insurer, announced an operating profit of £140 million ($255 million), down from £226 million ($411 million) in 2002, a 38 percent drop. The result was at the low end of …