California Insurance Commissioner John Garamendi on Wednesday helped deliver the first checks from a $20 million settlement of a class action lawsuit to resolve insurance claims stemming from the Armenian Genocide nearly 90 years ago. The Commissioner reportedly played an …
Fitch Ratings has lowered the insurer financial strength (IFS) rating on Exporters Insurance Company Ltd., a Bermuda-based group captive insurer that focuses on trade credit insurance, to ‘A-‘ from ‘A’. Fitch, however, assigned a stable outlook to the new rating. …
Ohio Gov. Bob Taft announced this week that local government entities in Erie, Morrow and Wyandot counties may now apply for financial assistance to offset eligible costs incurred during the severe winter storm Dec. 22-24, 2004. The emergency federal declaration …
Arizona-based Sunstate Equipment Company, an equipment rental company in eight southern states has registered its equipment fleet with the National Equipment Register (NER) in order to help Sunstate and its clients deter theft and increase the chances of recovering stolen …
Aon announced it is introducing a series of forums in Oklahoma aimed at helping make sense of the increasingly complex risk management environment. Aon designed the 2005 Oklahoma Business Risk Forums to offer participants the opportunity to interact with a …
Fireman’s Fund Insurance Company has announced a personal insurance benefit program, including automobile and homeowner’s coverage, for the more than 28,000 members of the California Professional Firefighters (CPF). The new personal insurance includes the Fireman’s Fund Prestige Home Standard and …
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) to date has obligated more than $357 million to reimburse local governments and private, non-profit entities for cleanup and infrastructure repair and rebuilding following the four hurricanes that struck …
As Senate Majority Leader Bill Frist (R-Tenn.) announced his intention to make class action reform legislation an immediate priority for the 109th Congress this week, the Property Casualty Insurers Association of America released a statement reiterating the need for reform …
The Alabama Veterans of Foreign Wars will receive a reimbursement of $42,000, which will be distributed to VFW posts statewide, due to a lawsuit settlement with the Alabama Insurance Commission. The Limestone County VFW Post 4765 will receive $1,200 as …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Burlington County woman has pleaded guilty to falsifying records in order to submit a phony insurance claim worth more than $42,000. According to McKoy and Insurance Fraud Prosecutor …