New Jersey Director of Division of Criminal Justice Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained an indictment charging four individuals with conspiracy, theft, tampering with public records, and false swearing …
Maryland medical malpractice insurer, GE Medical Protective Co., has obtained approval for a 59.6 percent rate increase on its medical professional liability policies, slightly less than it had requested. GE Medical had filed for a 67.9 percent hike effective August …
Rhode Island insurer Pawtucket Mutual Insurance Co., and its subsidiary Narragansett Bay Insurance Co., which are under state control but still solvent, is canceling in midterm all remaining policies, a decision forced by the high cost of reinsurance. According to …
The Property Casualty Insurers Association of America, in conjunction with other industry trade groups, commercial insurance buyers and business organizations, announced that it has launched “a national public affairs campaign designed to raise awareness of the impending expiration of the …
The National Association of Professional Insurance Agents has issued a call for nominations for two prestigious national awards. “Both the 2004 PIA National Company Award of Excellence and Company Representative of the Year Award will be presented during a luncheon …
Fitch Ratings has issued a report on the new Bermuda Insurers (companies formed after Sept.11), which asks the rhetorical question that although they may “shine in the sun, can they handle rain? The report, The Bermuda Class of 2001: Still …
Global insurance broker Willis Group Holdings Limited has prepared a timely comment on what is unfortunately a growth industry -kidnapping and hostage taking – particularly “among militant Islamic groups against citizens of the West.” “The challenge for Western companies with …
The U.S. Department of Labor (DOL) and the Kentucky Office of Insurance (KOI) are teaming up to provide assistance for employers, including small business owners, struggling to comply with state and federal laws related to health benefit plans. A free …
A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of The Atlantic Mutual Companies (The Atlantic). Concurrently, A.M. Best has downgraded the debt rating to “b+” from “bb+” of Atlantic Mutual Insurance …
Jacqueline Adkins, a claims management specialist with Norfolk, Va.-based Hilb, Rogal & Hobbs Co., has been named the 2003 National Accredited Customer Service Representative (ACSR) of the Year by the Independent Insurance Agents & Brokers of America (IIABA). Adkins is …