The Wakefield, Mass.-based ASP Industry Consortium announced the availability of a new insurance program designed specifically for application service providers (ASPs). The program, developed in conjunction with InsureHiTech, an insurance brokerage for New Economy companies, provides comprehensive protection against the …
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested three Modesto residents on charges of insurance fraud. Johnny B. Slefo, 42, Wylet G. Slefo, 42 and Bernadet Younan, 37, were arrested in Modesto on one …
BELFOR, an international fire and water damage repair company, announced it had recently taken over Inrecon LLC (INsurance RECONstruction), the leading company for the repair of fire and water damage in buildings and technical installations in the North American market. …
The St. Paul Companies announced second-quarter 2001 operating earnings from continuing operations of $90.8 million, or $0.39 per diluted share, compared with $144.5 million, or $0.63 per share, in the second quarter of 2000. As previously announced, adverse prior-year development …
Nashville-based Bridgestone/Firestone Inc. has reportedly settled approximately 40 percent of personal-injury lawsuits filed against the company over its recalled Wilderness AT and ATX tires. According to an AP article, Bridgestone/Firestone set up a reserve fund of $851 million last year …
A recent Hiscox study reveals that most high value homeowners have little idea of the true value of their home contents. The study compared 64 high value homeowners’ previous valuations with the new valuations assessed by an independent valuer. On …
The Hartford Financial Services Group has appointed Robert Ferreira senior vice president of human resources for the company’s property-casualty operations. Ferreira previously served as executive vice president of human resources, service and selling, and asset protection for Saks Fifth Avenue. …
An administrative law judge found in favor of American International Group, Inc. (AIG) subsidiary American International Insurance Company of New Jersey (AIIC), on eight of ten issues in a dispute with the New Jersey Department of Banking and Insurance. AIIC …
Great American Insurance Co. is now offering notary bonds and error and omission insurance which can be purchased online in Utah via its ElectronicSurety website. The low rate notary bonds are also accessible in Texas, Michigan, Mississippi and Missouri, with …
A California Department of Corrections Correctional Officer surrendered to a Riverside Court last week on two felony charges of workers’ compensation insurance fraud. The suspect allegedly failed to notify his insurance carrier of additional employment income in order to receive …
