The National Association of Mutual Insurance Companies (NAMIC) will support a Colorado proposal to eliminate a requirement that auto insurance customers purchase compulsory coverage to pay for emergency medical care services typically paid by health insurance policies. The proposal was …
U.S. property/casualty insurers are expected to pay homeowners and businesses a record $56.8 billion for 2005 insured property losses from 24 catastrophic events — more than twice the prior record set in 2004, when insurers paid $27.3 billion in catastrophe …
The International Association of Marine Investigators (IAMI) will be holding their 16th Annual Training Seminar Feb. 26- March 1 at the Hilton Hotel in Virginia Beach, Va. IAMI offers annual and regional conferences to further the training and knowledge of …
Ohio-based Safelite Group, a provider of property and casualty claims management solutions and auto glass products and services, reported that Safelite Solutions’ national contact centers in Columbus have passed an independent audit and fulfilled the requirements for ISO 9001 2000 …
Two Elk Grove, Calif., residents were arrested on insurance fraud charges related to the alleged staged theft, arson, and subsequent insurance claim for a vehicle belonging to one of the suspects. According to the California Insurance Commissioner’s office, investigators believe …
Oklahoma health care providers now have a direct line to the Oklahoma Insurance Department (OID), Insurance Commissioner Kim Holland announced. The new service is being offered so that health care providers have a direct number to call for assistance with …
Louisiana Attorney General Charles C. Foti, Jr., announced that the following individuals have been arrested and each charged with two counts of Criminal Conspiracy to commit Medicaid Fraud and two counts of Medicaid Fraud: •Carol Morgan (aka Amelia P. Morgan, …
The wait for federal standards for home building is hampering Louisiana’s hurricane reconstruction efforts, according to Louisiana Gov. Kathleen Blanco. The Federal Emergency Management Agency is developing a new set of recommended standards for rebuilding in hurricane- and flood-prone areas. …
With Louisiana’s state-run homeowners insurance company quickly running out of money to pay claims, a banking group is trying to put a loan in place to keep it afloat. Citizen’s Property Insurance has been paying about $5 million a day …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of China International Reinsurance Company Limited (CIRe) (Hong Kong). The outlook for both ratings is positive. The ratings reflect CIRe’s continued …