Fitch Ratings has issued a bulletin indicating that it “expects insured losses stemming from the recent Southeast Asian earthquake and tsunami to affect the Asian primary insurance market and the worldwide reinsurance market including markets centered in Singapore, London and …
Standard & Poor’s Ratings Services has issued a bulletin stating that it does not expect Australian general insurers to be materially affected by the cost of insurance claims arising from the Indian Ocean tsunami that struck Sri Lanka, India, Thailand, …
Swiss Re has issued a bulletin commenting on the Indian Ocean disasters, indicating that the complex nature of the event, makes it extremely difficult to project loss estimates. “Tens of thousands of lives have already been lost in this awful …
Massachusetts lawmakers have passed an insurance fraud bill that targets so-called “runners” who recruit others to participate in staged car accidents to collect the insurance. The bill makes the practice a felony punishable by up to five years in prison. …
The latest tools in surveillance technology — “Joey and “Whisper” – have joined the fight against no-fault insurance fraud in New York City, according to the National Insurance Crime Bureau. AutoOne Insurance Company of Melville, N.Y., a Limited Assignment Distribution …
Citizens for Better Safer Healthcare, a coalition of consumer and patient rights groups, on Tuesday denounced Initiative 330 (I-330) — an initiative backed by the insurance industry and the state medical association — that would reportedly drastically limit the rights …
A.M. Best Co. has placed the B+ (Very Good) rating of Atlantic Preferred Insurance Company (Tampa, Fla.), under review with negative implications. This action reflects the decline in surplus recorded in the third quarter of 2004 due to significant catastrophe …
In response to the massive destruction caused by Sunday’s tsunami, Atlanta-based Crawford & Company has mobilized a catastrophe team under the direction of Richard Martin, regional managing director, Asia Pacific. Local catastrophe teams in both Thailand and Malaysia have been …
West Virginia’s Workers’ Compensation Commission recently filed injunctions against four state employers whose accounts with the Commission are reportedly in default. Injunctions were filed in Kanawha County Circuit Court against the following: • Penni Zangari, DBA P & R Trucking, …
Secretary of Labor & Industry Stephen Schmerin, has announced increases in the maximum weekly benefits for new unemployment compensation (UC) beneficiaries and new workers’ compensation (WC) claimants, effective the first full week of January 2005. “Pennsylvania’s workers have been hit …