May 20, 2011
FBD, a property casualty insurance company in Ireland, recently implemented the use of the FINEOS claims management system. The company writes business directly over the web through www.FBD.ie and via the ‘No Nonsense’ internet brand, by telephone and through a …
May 19, 2011
The Suffolk Superior Court in Boston, Mass., has entered civil judgments against two brothers, former chiropractors, Alan and Marc Cohen, ordering them to pay $1,155,129 in damages to Encompass Insurance. Encompass is one of four insurers that filed a lawsuit …
May 18, 2011
A panel chaired by Gov. Rick Scott has agreed to file an emergency rule giving the Florida Hurricane Catastrophe Fund more time to respond to an influx of claims from 2005 storms. The filing approved Tuesday would let the State …
May 17, 2011
According to a bulletin on its web site, the Insurance Council of Australia has released updated figures on “how the general industry has responded to the enormous task of assessing over 118,000 insurance claims received as a result of the …
May 16, 2011
Dozens of Mattel Inc. employees were on their way to another day of work making Power Wheels in Mexico’s industrial heartland when gunshots erupted around them and a grenade ripped into one of their buses, killing one worker and wounding …
May 16, 2011
Burns and Wilcox, Chartis, Hub, Lloyds of London, Navigators, Pure, QBE and Tower to share Innovations Dallas, TX – May 16, 2011 – The Entrepreneurial Insurance Symposium On September 12-14, 2011, MarketScout will host its fifth annual Entrepreneurial Insurance Symposium …
May 13, 2011
Catastrophe modeling firm EQECAT has released a “CatWatch update” on the market loss estimate for the May 11 earthquake near Lorca, Spain, which indicates that, based on the latest information available, insured losses are not expected to exceed $100 million. …
May 12, 2011
A federal judge has sentenced a Jones woman to 30 months in prison for embezzling $1.5 million from an Oklahoma City electric company where she worked as a bookkeeper. U.S. District Judge David Russell also on Tuesday ordered 50-year-old Lora …
May 12, 2011
Kansas Athletics Inc. has recovered nearly $340,000 from an insurance company for losses in a ticket scheme that cost the department at least $2 million. The Lawrence Journal-World reported Wednesday that part of those funds was $250,000 in March from …
May 11, 2011
Arizona building contractor, True-Built Construction, LLC owned by Weston Farnes, was given a cease and desist order to stop acting as an insurance adjuster without a license, according to the Arizona Department of Insurance (ADOI). Authorities reported that Farnes had …