New York’s Superintendent of Insurance Gregory V. Serio joined Queens District Attorney Richard A. Brown, NY State Insurance Fund Executive Director Kenneth Ross and NY State Workers’ Compensation Fraud Inspector General John H. Burgher, Jr. to announce that 12 Queens …
A Jan. 9, 2004, decision by the Wisconsin Supreme Court holding that standard commercial general liability (CGL) policies cover accidents caused by defective construction, is a victory for construction contractors and for American Subcontractors Association, which filed an amicus curiae …
The Mayfield Village, Ohio-based Progressive group of insurance companies, the country’s number one monoline commercial auto insurer, has announced plans to start selling its commercial auto product in both North and South Dakota. The product will be available through almost …
Arkansas Insurance Commissioner Mike Pickens announced that agreements have been reached regarding the payment of outstanding claims on behalf of Arkansas insureds, claims which consumers had thought could remain unpaid by TRG. Agreements have been reached regarding enrollees in the …
Florida’s Chief Financial Officer Tom Gallagher announced that he is pursuing a bill to prevent abusive sales practices of annuities sold to seniors. “Annuities can be an effective investment tool for many Floridians wanting a steady stream of income for …
Tennessee-based Diversified Product Inspections Inc. (www.dpi-inc.com), a provider of independent product failure analysis, air contamination and fire investigations for the insurance industry, has presented 17 Product Awareness and Subrogation Seminars for the insurance industry in January and February of 2004. …
A.M. Best Co. has affirmed the A (Excellent) financial strength rating of NIPPONKOA Insurance Company Ltd (NIPPONKOA) (Japan). The rating outlook is stable. The rating reflects NIPPONKOA’s excellent business profile, secure risk-adjusted capitalization and improvement in insurance results. Adding to …
Michael Segal, the president and CEO of Chicago-based Near North National Group, was already under federal indictment of 17 counts of fraud and racketeering. Now federal prosecutors in the U.S. District Court of Northern Illinois have added 11 more fraud …
France’s AXA Group, Europe’s second largest insurer, reported net profits of 1 billion euros ($1.251 billion), buoyed by a strong recovery in its P/C division. The results exceeded analysts’ forecasts, which had been in the 780-960 million euro ($975 million …
As the California legislature prepares to act on Governor Schwarzenegger’s proposed overhaul of the state’s expensive, dysfunctional workers’ compensation system, the special interest group with the most to reportedly lose from real reform – the California Applicant Attorneys Association (CAAA) …