Lloyd’s America has revealed exclusively to Insurance Journal that an investigation is currently underway for allegedly bogus umbrella trucking liability policies reportedly placed through the Oakland, Calif.-based broker Ambassador Insurance Services and/or GIO International of London, England.
Any retail insurance broker who believes they have obtained a Lloyd’s Umbrella Trucking Liability policy via Ambassador Insurance Services and/or GIO International should contact Lloyd’s immediately for verification of purported coverage.
Trucking companies holding a Lloyd’s Umbrella Trucking Liability policy obtained either directly or indirectly through Ambassador Insurance Services and/or GIO International should also contact Lloyd’s in order to verify the status of that coverage.
If you have any information, please contact Wayne Wertzer, Lloyd’s America Inc., at: (212) 382-4092, or you may fax the declarations page of the policy in question to: (212) 382-4070.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
