Fitch Ratings announced that it is “continuing its evaluation of insurance ratings globally, focusing on the impact of declines in investment portfolio market values, and other market pressures, related to the current recessionary economic environment.” Fitch had previously moved its …
A state board appointed to examine drunken driving laws in Kansas has concluded that the whole system needs a major overhaul. The Kansas Substance Abuse Policy Board says the state’s system for punishing drunken drivers is “so complex and so …
The number of Americans ensnared by identity theft is on the rise, but victims are striking back more quickly and limiting how much is stolen. In 2008, the number of identity theft cases jumped 22 percent to 9.9 million, according …
The Washington Attorney General’s Office is alerting residents about a phone scam in which Spanish-speaking callers claim to be representatives of an insurance company. In some cases, the callers also provide the names of actual insurance companies and/or agents. Hispanic …
“The economy stinks!” This is just the latest reason why claims training gets postponed or canceled. Isn’t this the same type of short-term thinking that got Lehman Brothers, Merrill Lynch and an assortment of mortgage brokers to go belly-up? Savvy …
Global loss adjusting and claims services provider Cunningham Lindsey has agreed to purchase GAB Robins’ international businesses (excluding its UK operations) and its U.S. forensic engineering firm, EFI Global. GAB Robins’ international businesses include operations in France, the Netherlands, Belgium, …
Arkansas Insurance Commissioner Jay Bradford announced two convictions in separate instances of auto insurance fraud in his state. Orlandis Moore pleaded guilty in Pulaski County Circuit Court to committing a fraudulent insurance act, a Class D felony. As the passenger …
Members of the volunteer fire department in the Terrebonne Parish town of Dularge say financial pressures are forcing them to abandon their hurricane-ravaged central fire station. The building has flooded twice, during Hurricane Rita in 2005 and Hurricane Ike in …
North Arkansas fruit producers are cleaning up and assessing damage from the recent ice storm, the second hit from the weather they’ve absorbed in three years. In 2007, fruit crops in the state’s northwest were largely wiped out by a …