One of the men accused of setting a series of fires at an upscale housing development under construction in the Washington suburbs two years ago has pleaded guilty to conspiracy to commit arson. Michael McIntosh Everhart, 21, of Waldorf, will …
The Louisiana Department of Labor announced it is educating employers about a new state law meant to discourage the practice of illegally lowering unemployment insurance taxes. The new law, which took effect June 1, allows the labor department to impose …
Louisiana Commissioner of Insurance Jim Donelon has issued Advisory Letter 06-04 to the approximate 100 companies with homeowners insurance policies in Louisiana, requesting their cooperation in extending from one to two years the prescriptive period for policyholders with Hurricane Katrina …
The hurricane party mentality is gone, replaced by hurricane stress, Rep. Leslie Waters, R-Pinellas, told the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters at the group’s June 5 meeting in Tampa, Fla. Waters described the battle that …
Standard & Poor’s Ratings Services has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to Dubai-based Arab Orient Insurance Co. (PSC) (AOIC) with a stable outlook. “The ratings reflect AOIC’s strong capitalization, very strong earnings, and strong …
Standard & Poor’s Ratings Services has revised its outlook on Polish non-life insurer Powszechny Zaklad Ubezpieczen S.A. (PZU S.A.) and life insurer Powszechny Zaklad Ubezpieczen na Zycie S.A. (PZU Zycie), core entities of the composite insurance group PZU, to negative …
An article in an article in the latest issue of EXPOSURE, published by GE Insurance Solutions GE Insurance Solutions, highlights the changes that have been made in catastrophe models since Katrina and concludes they will impact both capital requirements and …
Laptop computers with personal information on 72,000 Ohio Medicaid recipients were stolen from a private managed care agency in Ohio, according to an Associated Press account. Officials with Buckeye Community Health Plan notified authorities that four computers were stolen from …
Independent insurance agents who are upset that conditions are being placed on their compensation have an important ally in Bob Rusbuldt, chief executive officer of Independent Insurance Agents and Broker of America, and the “go-to guy” on American Agency System …
New Jersey drivers are the “clear winners” due to auto insurance reforms enacted by lawmakers in 2003 according to the Property Casualty Insurers Association of America (PCI), which released a report about the positive effects of auto insurance reform in …