Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and senior debt ratings on Warren, N.J.-based Chubb Corp. as well as its ‘AA’ counterparty credit and insurer financial strength ratings on Chubb’s operating insurance companies. …
A bulletin from the Insurance Bureau of Canada (IBC) notes that the insurance industry has moved about 2,000 drivers from New Brunswick’s high-priced Facility Association (a type of assigned risk plan) in March. At the beginning of the month, there …
The Chicago-based Defense Research Institute (DRI), the organization which represents the insurance defense bar, announced hat it has joined other legal associations to hold an international conference in Barcelona, Spain, May 11-12. “Hundreds of defense attorneys, corporate counsel and insurance …
A father and son have pleaded guilty to diverting thousands of dollars in premiums from a South Florida insurance agency. John Pascale, former owner of AAA Turnpike Insurance Agency, pleaded guilty to one count each of grand theft and misappropriation …
New Jersey Attorney General Peter Harvey announced that a former Middlesex County-based insurance company employee and her boyfriend have been charged by the Division of Criminal Justice -Office of Insurance Fraud Prosecutor with concocting an insurance fraud scheme that netted …
Fitch Ratings has assigned an ‘A’ insurer financial strength rating to Max Insurance Europe Ltd., a Dublin-based insurance subsidiary of Max Re Ltd. formed in mid-2003 to underwrite traditional insurance business in Europe. The Rating Outlook is Stable. The rating …
A resolution that calls for a study of the need to prohibit insurance companies from owning auto repair facilities was deferred indefinitely following a hearing on the issue in Honolulu this week. Senate Concurrent Resolution 94 would direct the Legislative …
Doctors for Medical Liability Reform (DMLR), a coalition of more than 230,000 medical-specialists, are asking U.S. Senate Democrats one question with its new full-page advertisements unveiled today in The Washington Post and Roll Call: What Do You Have Against Patients? …
As the Legislature moves closer to agreement on measures to reform California’s broken workers’ compensation system, Insurance Commissioner John Garamendi has scheduled a hearing to assess the potential savings. The hearing, set for April 29 in San Francisco, will give …
The Mississippi House Insurance Committee heard testimony this week on a bill designed to reduce the minimum number of stacked vehicles on a driver’s uninsured and underinsured motorist coverage. S.B. 2788 would allow consumers to choose “non-stacking” uninsured motorist coverage …