The ability of insurance companies to detect fraudulent claims by cross-checking them in “all-claims” databases will become keener as insurers adopt new methods of reporting and coding claims, according to the Insurance Services Office Inc. (ISO). More than 4,000 insurers, …
Frontier Insurance Group has completed the sale of Regency Insurance Company to Tomoka Re Holdings, an affiliate of Tower Hill Insurance Group, for $7.1 million. The sale is part of the company’s Corrective Action Plan. The proceeds of the sale …
A recent study by the Insurance Institute for Highway Safety (IIHS) showed that Arizona has a far higher rate of fatal red light running crashes than any other state, with 7.1 deaths per 100,000 people. Phoenix ranked as the leading …
Federal authorities have joined California state officials in their investigation of corruption in the state’s Department of Insurance. The move will make FBI resources available to state officials during the investigation and will allow the use of the Federal Hobbs …
Ever sit back and watch an earthquake? Not a bad spectator sport, although you may come away feeling a little shaky yourself. On June 21, I joined a group of earthquake experts, contractors, students and journalists at University of California …
By mixing education with entertainment, Western States Surplus Line Conference (WSSLC) Two Thousand is sure to provide an ideal specialized forum for the surplus line industry. The Surplus Line Association of Idaho is hosting this year’s conference July 30-Aug. 2 …
The following list, compiled from Safety Alerts.com, is a sample of recalls undertaken for an array of products distributed in various U.S. states from June 24-July 10, 2000: FOOD • Ex-Cel Corned Beef Company, Inc. 1,200 pounds of beef-possible bacterial …
In March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating in this “deplorable practice.” The question Obviously, slavery was a deplorable practice, …
Ecoli bacteria in beverages, cyanide in capsules, salmonella contamination in meat, mislabeled products, threats to spread harmful rumors about a product-these and similar hazards create a crisis situation for a company and can result in serious consequences, forcing product recalls …
“You put up these buildings. Even though no one has noticed anything wrong, no one has been injured, nothing has been damaged; by virtue of the fact that you put them up, there must be defects in them. Therefore we …
