Investigators from the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested a Yuba City man on seven felony counts of insurance fraud, grand theft and attempted grand theft. Santokh Sandher, 35, was arrested at his residence and …
The Washington, D.C.-based American Insurance Association (AIA) unveiled a new brand identity. AIA, an advocacy group in the property and casualty insurance industry, is one of the longest continuously operating national trade associations in the U.S. Robert E. Vagley, AIA …
On July 20, U.S. regulators gave Allstate Corp. the green light to form a full-service federal savings bank, according to a Reuters report. The process will essentially upgrade Allstate’s existing banking subsidiary, Allstate Bank in Northbrook, Ill., to offer a …
Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The historic selection of The Hanleigh Group of Montvale, N.J., and Sarasota, Fla., …
Liberty Mutual Group is adding to its operations in Spain by purchasing Royal & Sun Alliance’s property and casualty and life insurance operations in the country. The purchase will expand Liberty Mutual Group’s Spanish base, which began when its subsidiary …
A.M. Best Co. lowered the “A” (Excellent) financial strength rating of CNA Reinsurance Co. Ltd., London, to “A-” (Excellent) and placed it under review with negative implications. According to A.M. Best, this rating action reflects the sharp deterioration in operating …
AM-KO Inc., a janitorial company providing services for the City of Dallas, entered a plea of “no contest” to a third degree felony for defrauding the Texas Workers’ Compensation Insurance Fund (Texas Fund) in one of the state’s biggest cases …
Three Nolan County, Texas, farmers pleaded guilty in a Lubbock federal court July 12 to filing over $540,000 in fraudulent crop insurance claims with the federal government. According to the Lubbock Avalanche-Journal, the farmers, Keith Johnson, Michael John Massey and …
OneSource Information Services Inc. announced that The St. Paul Companies is implementing OneSource’s Business Browser product line to access and use critical financial information. The business browser provides information on both private and publicly traded companies with the aim of …
Dallas-based enterprise information systems provider, Docucorp International and Rackley Systems Inc., a provider of property and casualty insurance rating systems, announce the development of a compatible interface between Docucorp’s Policy Production System (PPS) and Rackley’s commercial lines rating system. According …
