Five individuals who reported fraud perpetrators have received $16,000 in cash rewards from the Florida Financial Services Department after the recipients, including a child, provided information that led fraud detectives to thwart more than $1 million in fraudulent insurance claims. …
The next Standard Personal Line Advisory Committee meeting, originally scheduled for Dec. 6, has been re-scheduled. The meeting will be held on Tue., Dec. 13, in Room 309 in the Capitol from 10 a.m. until 4 p.m. CFO Tom Gallagher …
Philadelphia Consolidated Holding Corp. reported its initial estimate of losses attributable to Hurricane Wilma. Although claims information is preliminary, the company estimates its after-tax net losses to be approximately $5.5 million. The catastrophe losses due to Hurricane Wilma impacted both …
U.S. property/casualty insurers are expected to pay an estimated $6.1 billion to Florida policyholders for insured property losses from Hurricane Wilma, pushing year-to-date catastrophe losses to $50.3 billion, an all-time record, according to preliminary analysis by the insurance industry. The …
New Hampshire residents affected by the severe storms and flooding in October now have less than 30 days to register with the Federal Emergency Management Agency (FEMA) for possible state and federal disaster assistance. Nov. 27 marked the halfway point …
The Disaster Contractors Network (DCN) Web site is available to connect contractors and vendors offering services in the aftermath of Hurricane Wilma with homeowners and business owners seeking repairs, the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) and …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on XL Capital Ltd.’s core operating companies to “A+” from “AA-” and removed them from CreditWatch with negative implications, where they were placed …
Lloyd’s Chairman, Lord Levene, has called on the London market’s reinsurers to play their part in European efforts to remove the current “inappropriate system” of collateralisation requirements in the U.S. A Lloyd’s press release noted that Levene, speaking at an …
United States Attorney Mary Beth Buchanan announced that Gerald C. Deimel of Erie, Pennsylvania, has been sentenced to a period of incarceration on charges of Health Care Fraud and False Statements Relating to Health Care Matters. United States District Court …
Kansas Attorney General Phill Kline filed suit recently against a Lawrence towing company after an investigation by his Consumer Protection and Antitrust Division reportedly revealed numerous alleged violations of the Kansas Consumer Protection Act (KCPA). In a petition filed in …