Eric V. Thomas, a New Jersey Dentist, has dropped his suit against the Ford Motor Company following revelations which put in question the cause of his wife’s death in an auto accident in 1997, and established that he had significantly …
Boston-based OneBeacon Insurance Group, a subsidiary of Bermuda’s White Mountains Insurance Group, which recently purchased the U.S. property/casualty business of Britain’s CGNU, has appointed four new members to its senior management team as follows: Larry Haefner has been named managing …
Rhode Island’s Medical Disciplinary Board has revoked Chiropractor Andrew J. Lombardi’s license to practice in the State following an indictment in Massachusetts alleging that that he had submitted 39 fraudulent claims to insurance companies for medical services he never performed. …
The California Department of Insurance (CDI) filed a request to be a part of the National Association of Insurance Commissioners’ (NAIC) Midwest Zone Continuing Education Reciprocity Project. The CDI stated that it wants to join the Project to help improve …
A North Hollywood, Calif., insurance broker received a sentence of 180 days in county jail and five years probation after being sentenced in Van Nuys District Superior Court. Shahin Sean Pelaseyed was sentenced to six months after pleading no contest …
IBM announced that Fireman’s Fund Insurance Company was recognized at the Application Development Trends 2001 Innovator Awards for its AgriWare Application, running on IBM’s WebSphere e-infrastructure software. AgriWare is a web-based administration and policy processing system that simplifies tasks and …
A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and its financial size category of XV. The rating continues to carry a negative outlook. According to A.M. Best, the affirmation of the rating reflects the excellent financial strength, strong …
The Board of Directors of the Insurance Legislators Foundation (ILF), a research and educational arm of the National Conference of Insurance Legislators (NCOIL), will hold a hearing to address flood-related insurance questions in Chicago on July 13, 2001. Testimony offered …
CGNU, the U.K.’s biggest insurance group, announced that it would no longer issue financial reports on a quarterly basis, and would revert to the more traditional preparation of reports twice a year. The company told London’s Financial Times that it …
International rating agency Standard & Poor’s announced that it had lowered its counterparty credit and insurer financial strength rating on Sunderland Marine Mutual Insurance Co. Ltd (SMMI) to triple-‘B’ from triple-‘B’ plus. It also affirmed the ‘A’ rating of mutual …
