A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Mountain States Mutual Casualty Company and its wholly owned subsidiary, Mountain States Indemnity …
Willis HRH, the North American unit of Willis Group Holdings, announced a series of senior leadership appointments that the company says will drive growth and innovation in key areas of its retail brokerage business. With the merger of Willis and …
Two Twin Falls, Idaho, men have been sentenced to lengthy jail terms for their participation in an arson case, the state Department of Insurance reported. In February, 2008, Jerome County Sheriff’s Department found a burning vehicle belonging to Spencer Jay …
Lawyers for former Arizona Congressman Rick Renzi filed several more motions aimed at dismissing various counts or the entire indictment accusing him of public corruption, insurance fraud and a false tax return statement. One filing asks the court to toss …
Kurt Bernard Lucas, 44, of San Jose, Calif., was charged with automobile insurance fraud and perjury. If convicted, Lucas could face up to five years in prison and $10,000 in fines. An Urban Auto Task Force investigation revealed that Lucas …
United States Attorney Johnny Sutton has announced that Dina Clarise Smith, 38, a former accountant at Elms, Faris and Company of Midland, has pleaded guilty in federal court in Midland, Texas, to committing a bank fraud and identity theft scheme …
A combination of hurricanes and severe thunderstorms pushed claims to exceed $10 billion for Texas property and casualty insurers in 2008. The losses in Texas exceeded all of the industry’s catastrophic losses for the U.S. in 2007. Gary Kearney, assistant …
A leading arbitration company says it resolved nearly 500,000 inter-company claims disputes valued at more than $2.4 billion in 2008, setting a new record. Arbitration Forums, Inc. (AF), the nation’s largest provider of inter-insurance dispute resolution services, maintains that it …
Volunteer firefighters in Highland Home, Alabama, are trying to figure out why anyone would want to steal the “jaws of life.” The $12,000 equipment, which is used to rescue people trapped inside vehicles after car wrecks, was recently stolen from …
The Mutual Service Office Inc. (MSO) has made its Businessowners program available in New Hampshire and Vermont. This marks the first time Glen Rock, New Jersey-based MSO has offered a product in either state. Designed for main street type businesses, …