Investigations completed by West Virginia Insurance Commission’s Fraud Unit resulted in the recent indictment of six individuals on 25 felony charges related to insurance fraud. Meddie R. Dunlap, 56, of Alum Creek: indicted on one felony count of submitting a …
North Carolina Department of Insurance officials arrested a Lumberton, N.C., man on one count of insurance fraud earlier this month. After being indicted by the Robeson County Grand Jury on Nov. 13, Brandon Lee Stone, 31, was arrested on Nov. …
How many times a week do you hear about a hacker breaking into a system and stealing confidential information? Or a virus taking down an entire computer network as it’s transmitted from one worksite to another via email? It’s all …
Fitch Ratings announced that it has affirmed all of it ratings for The Chubb Corporation, including the ‘AA-‘ Issuer Default Rating (IDR) and ‘A+’ senior debt rating. Fitch also affirmed the ‘AA’ insurer financial strength (IFS) ratings of Chubb’s property/casualty …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating of “bbb+” of the UK’s Exchange Insurance Company Limited with a stable outlook. Best said that in its opinion “ExCo continues to maintain …
Standard & Poor’s Ratings Services has said that it considers the Saudi insurance market to possess the “inherent strengths,” which will allow it to “ride out” forthcoming regulatory changes. The report -“Strengths, Weaknesses, Opportunities, And Threats As Insurers In Saudi …
Willis Group Holdings announced that Flavio Piccolomini, former CEO of Willis’ Italian operations, Willis Italia Spa, has been appointed CEO for Continental Europe, including the Nordic region. He will report to Allan Gribben, CEO of Willis International and will be …
Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has increased capacity of its BioChem Shield product from $10 million to $25 million. BioChem Shield is Lexington’s coverage for property damage losses arising from terrorist attacks using …
The Alliance of Insurance Agents and Brokers based in Sacramento, Calif., will be collecting toys throughout the state to assist Infinity Insurance’s “Infinity Cares” seventh annual holiday toy drive. Association President/CEO Joe Jimenez is encouraging the industry to bring unwrapped …
Scotts Bluff County, Neb. has been approved for a pilot program for a drunken-driving court. The county already offers an adult drug court, a juvenile drug court and a family drug court. Crystal Newton, problem-solving court coordinator for District X, …