AIG Private Client Group, a division of the property and casualty insurance subsidiaries of American International Group, announced the creation of a Department of Loss Prevention to minimize high net worth policyholders’ exposure to preventable losses such as water damage …
A.M. Best Co. announced that it has affirmed its ratings on two Indian insurers – General Insurance Corporation of India (GIC), the country’s huge state-owned general insurer, and New India Assurance Company Limited. Best affirmed GIC’s “A” (Excellent) financial strength …
Legislation that would offer doctors immediate relief from increases in malpractice insurance premiums and hold the line on future rate hikes was presented to the Maryland General Assembly leaders this week by Gov. Robert Ehrlich. Ehrlich would not disclose details …
Standing in a Pasadena resident’s home on the one-year anniversary of the 2003 Southern California Firestorms, Commissioner John Garamendi on Tuesday warned all California homeowners to conduct a home inventory as soon as possible to make sure that their homes …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a former Essex County neurologist has been sentenced to six months in county jail for fraudulently billing an insurance company more than $50,000 for medical tests that were never …
The rapid succession of Hurricanes Charley, Frances, Ivan and Jeanne has reportedly prompted Fireman’s Fund Insurance Co. to allow its homeowners policyholders to treat property damage from the four storms as one event for purposes of calculating the amount of …
U.S. Secretary of Labor Elaine Chao has announced a National Emergency Grant of $10.4 million to assist workers in Pennsylvania who lost their jobs due to recent hurricane-related flooding. “The President and I want to do everything we can to …
AT&T on Tuesday reportedly reached an agreement – subject to final court approval – to settle a shareholder class action lawsuit underway in U.S. District Court for the District of New Jersey, three weeks after the trial began. The lawsuit …
Disaster Kleenup International Inc., a network of quality, independent property damage restoration contractors, has strengthened its team with the appointment of Summer Street as a new regional marketing director. Street will be responsible for sales, marketing and industry-relations activities for …
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.245 billion for insured property losses from Hurricane Jeanne, according to preliminary estimates by ISO’s Property Claim Services (PCS) unit. Hurricane Jeanne struck Puerto Rico on Sept. 15 …