The City Council is calling for an investigation after its members claimed the mayor, manager and other officials improperly withheld correspondence about the city’s fire insurance rating. Council member Shannon Alvey released more than 20 pages of information she obtained …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Aspen Insurance UK Limited (AIUK). Best also affirmed the ICR of “bbb” of AIUK’s ultimate parent, Bermuda-based Aspen Insurance …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Bermuda’s Aspen Insurance Limited (AIL) with a stable outlook. Best said it “believes AIL’s risk-adjusted capitalization is likely to remain …
Montana State Auditor John Morrison announced he has reached a settlement agreement with AmeriPlan to resolve allegations of insurance and securities fraud. In July, Morrison issued a cease and desist order after charging AmeriPlan USA, its founding officers, Dennis and …
A Pocatello, Idaho, man received a one to seven year prison sentence for insurance fraud, Attorney General Lawrence Wasden said. Joshua K. Smith, 26, pleaded guilty to one count of insurance fraud and was sentenced in Sixth District Court in …
A Butler County court has dismissed a lawsuit filed by a state legislator who challenged Miami University’s same-sex partner benefits policy based on Ohio’s 2004 constitutional amendment banning gay marriage. Common Pleas Judge Charles Pater ruled on Monday that state …
The California Department of Industrial Relations (DIR) has issued 2007 assessment rates for User Funding, Anti-Fraud Programs, the Uninsured Employer Benefit Trust Fund and the Subsequent Injury Benefit Trust Fund. State law requires insurers to collect money from employers to …
Information obtained from the Consumer Protection division of the Texas Department of Insurance (TDI) shows the number of consumer complaints with insurance companies is the lowest since 1999, the Insurance Council of Texas reported. Insurance complaints in Texas have come …
Louisiana Commissioner of Insurance Jim Donelon reported that his office obtained an order from the 19th Judicial District Court in Baton Rouge to stop the alleged sale of unauthorized commercial insurance by United Assurance Company Ltd. its agent, AA Communications …
Louisiana Gov. Kathleen Blanco said the costs of her special session agenda of tax breaks, pay raises and insurance relief could be covered by an expected $800 million jump in state income this year – on top of an $827 …