A.M. Best announced a series of rating decisions affecting companies in the U.S., Europe and Canada. On a positive note it affirmed the A+ (Superior) rating of the Swiss Group Winterthur and the A-(Excellent ) ratings for London’s BRIT Insurance …
ING Americas has named Thomas McInerney to head the operations of ReliaStar and Aetna which it bought last year. He’ll take over the merged operations of ReliaStar and Aetna’s financial units handling their U.S. retail operations, retirement planning and employee …
Gregory V. Serio, the Superintendent of the New York State Insurance Department (NYSID) issued a warning to consumers yesterday to take precautions when dealing with insurance adjusters in the wake of the World Trade Center disaster. “Although the vast majority …
The next challenge is to educate independent agents in those respective markets about the value of the Liberty Mutual brand and how this helps everyone.” That was the response of a company spokesman from Liberty Mutual Group following the announced …
Arrest warrants were served on five local Fresno residents last week, concluding a six-month investigation that began with a referral by Geico Insurance alleging fraud on a reported theft and arson of a vehicle. The CDI investigation revealed that Hollie …
Following a joint investigation by the CDI Criminal Investigations Branch’s Investigations Bureau and the Yolo County District Attorney’s Office, Suzanne Beall, 47, president of Northstate Insurance Agency Inc., was arrested at her residence and transported to the Sacramento County Jail. …
Three Modesto residents, Johnny B. Slefo, 42; Wylet G. Slefo, 42; and Bernadet Younan, 37, were arrested on one charge each of insurance fraud and booked into the Stanislaus County Jail. Bail was set at $15,000 each. The Stanislaus County …
Charles Allen Shivers, 46, a California Department of Corrections correctional officer, surrendered to a Riverside Court on two felony charges of workers’ compensation insurance fraud. The suspect allegedly failed to notify his insurance carrier of additional employment income in order …
Michael Aguilar, 33, of Huntington Beach, was arrested at the California Department of Insurance Orange Regional Office and transported to Orange County Jail. Aguilar was charged with two felony counts of insurance fraud, and bail was set at $10,000. The …
A.M. Best Co. assigned an “A+” FSR to Lehman Re Limited, Hamilton, Bermuda, a wholly owned subsidiary of Lehman Brothers Holdings Inc. The rating reflects Lehman Re’s substantial capitalization, limited liabilities, advanced risk management capabilities and operating and strategic benefits, …
