The California Department of Insurance Fraud Division announced Wednesday that three United States Marines based out of 29 Palms have entered pleas of not guilty to felony charges of insurance fraud and a misdemeanor count of filing a false police …
Florida’s Chief Financial Officer Tom Gallagher has called on financial institutions operating in Florida to waive the wire-transfer fees charged to Holocaust survivors and their families on payments for Holocaust-related reparations or restitution. Financial institution fees on wire transfers vary, …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Hobbs Bonded Fibers Inc., Waco, Texas, and proposed $255,050 in penalties for exposing workers to amputations and other serious injuries. “Employers must take necessary precautions to protect …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit rating (ICR) of “a” for W.R. Berkley Insurance (Europe), Limited (WRB) (United Kingdom). The outlook on both ratings remains stable. The ratings reflect WRB’s …
Legislation that would expand California’s pilot, low-cost auto insurance program is premature without first conducting a thorough evaluation of its effectiveness, according to Sam Sorich, president of the Association of California Insurance Companies (ACIC). “This five-year-old pilot program has not …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating (ICR) of “aa-” of the core companies of the AVIVA Group (AVIVA) (United Kingdom). At the same time, A.M. Best has affirmed the …
Atlanta-based Atlantic American Corp. announced net income of $1.2 million, or $0.04 per diluted share, for the second quarter ended June 30, 2005, compared to net income of $1.1 million, or $0.04 per diluted share, for the second quarter ended …
Flood insurance policyholders who suffered damages from Hurricane Dennis may have a number of questions about their policies. In an effort to provide the most up-to-date information and ease their concerns, National Flood Insurance Program (NFIP) officials have put together …
Following New York’s April flooding, John Watkins faced grim prospects. Watkins — a resident of Kingston’s Boice’s Mobile Home Estates — lost his mobile home to the flood. He was homeless, without funds and in ill health. But thanks to …
Risk Management Solutions (RMS) announced that it will open an office in Hamilton, Bermuda, making it the only catastrophe modeling firm with a local office in this major insurance and reinsurance center. The announcement was made at an RMS market …