Pennsylvania Attorney General Jerry Pappert’s Bureau of Consumer Protection announced that a Connecticut-based company, which markets membership programs to consumers, will pay $40,000 to the Commonwealth as part of a settlement to resolve allegations that Pennsylvanians’ credit cards or bank …
New Jersey Attorney General Peter Harvey announced that a Pennsylvania resident and former Camden County pharmacist has been ordered to pay thousands of dollars in penalties and restitution after pleading guilty to submitting fake bills seeking insurance reimbursements and payment …
Risk Management Solutions Inc. (RMS), a provider of products and services for catastrophe risk management, announced the release of an in-depth study of potential costs to the U.S. insurance industry from a recurrence of the Tornado Super Outbreak of April …
A new Public Attitude Monitor (PAM) report by the Insurance Research Council (IRC) reportedly finds that most Americans surveyed back measures to reform the U.S. civil justice system and, in particular, support reforms to the personal injury and class action …
Larry E. Adair, Speaker of the Oklahoma House of Representatives, announced the names of the special investigative committee charged with considering articles of impeachment against state Insurance Commissioner Carroll Fisher, as directed under the recently adopted House Resolution 1040. Adair …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of French reinsurer SCOR and its core subsidiaries as well as the ratings on debt instruments issued or guaranteed by SCOR. This effectively removes …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Top Layer Reinsurance Ltd. (Bermuda) with a stable outlook. “The rating reflects the substantial amount of support the company receives from its co-owners, State …
Iowa is the first state this year to pass credit-based insurance scoring legislation based on the National Conference of Insurance Legislators (NCOIL) model act. The governor was expected to sign the legislation. “By adopting language that closely followed the NCOIL …
Michigan-based American Community Mutual Insurance Company, a provider of individual and group health insurance, announced that A.M. Best Company has upgraded the company’s financial strength rating to a “B (Fair)” from a “B-” with a positive outlook. The improved rating …
The International Commission on Holocaust Era Insurance Claims (ICHEIC) will begin mailing out $16 million in humanitarian payments to Holocaust survivors and their heirs. The payments are being made to those who believe they had an insurance policy in force …