According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose backyard pot plants were stolen by thieves or confiscated by police. The payouts are not based on the street value …
Mazonson Inc., a New England-based insurance brokerage, announced the completion of agreements to provide group insurance programs sponsored by the California Community Economic Development Association and the Community Economic Development Association of Michigan. According to Mazonson, its program gives the …
The Environmental Solutions Division of Chubb Financial Solutions Inc., a wholly owned subsidiary of The Chubb Corporation, has unveiled a Remediation Cost Cap Policy, strengthening its position as a leading environmental liability insurance marketplace. According to the company, the Remediation …
Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according to a new A.M. Best Statistical Study. The top 10 writers of homeowners multiperil stayed the same during this period. …
Lincoln National Corporation today announced that Swiss Re will acquire Lincoln’s reinsurance operation, Lincoln Re, headquartered in Fort Wayne, Indiana, for $2 billion. Swiss Re will integrate Lincoln’s reinsurance operations into the Swiss Re North American Life & Health unit, …
Pennsylvania Insurance Commissioner M. Diane Koken announced expanded fraud-combating efforts supported by a recently received grant award. Commissioner Koken said the department recently received a two-year Pennsylvania Insurance Fraud Prevention Authority (IFPA) grant totaling more than $350,000 that will enable …
Standard & Poor’s today assigned its preliminary “A” issuer credit rating to Mercury General Corp. (Mercury). The outlook is stable. At the same time, S&P assigned its preliminary “A” rating to up to $150 million of senior debt to be …
California Department of Insurance (CDI) Criminal Investigators arrested a San Bernardino man on July 26 and charged him with two felony counts of insurance fraud. Tom Davido, 56, was booked into Riverside County Jail and bail was set at $5,000. …
InsuranceNoodle, an online distributor of small business insurance through independent agencies, has engaged Woolard Gioia Blundell Associates as a strategic partner to assist in developing specifications for a range of new products to complement its current line-up of commercial insurance …
Reinsurance Group of America Inc. reported operating earnings from continuing operations of $0.72 per diluted share for the second quarter, up 13 percent from $0.64 per diluted share reported in the prior year. Operating earnings from continuing operations totaled $35.8 …
