Sometimes less does mean more. While there were fewer catastrophes for the second quarter of 2001 compared to recent years, the damage that those left in their wake was enough to send a number of insurers scrambling to cover for …
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 …
Advantage Workers’ Compensation Insurance Company of Salt Lake City was named the underwriting partner of Boise-based WorkCare NorthWest, a partnership expected to make Advantage Insurance one of the largest workers’ compensation insurers in Idaho by July 2002. Advantage Insurance, which …
Creating the first consolidated training resource for the entire financial services industry, the American Bankers Association (ABA) and Dearborn Financial Services announced the creation of the Financial Learning Alliance, a single source for high quality education and compliance solutions for …
American International Group Inc. (AIG) reported that its income excluding net realized capital gains (losses) increased 15.8 percent to $1.66 billion in the second quarter and, also excluding the first quarter cumulative effect of a FASB mandated accounting change, 15.5 …
As the Occupational Safety and Health Administration (OSHA) explores how to remedy workplace ergonomics hazards, it should not transgress statutes prohibiting federal government interference with the state-based workers’ compensation system, according to Independent Insurance Agents of America CEO Robert A. …
On behalf of the nation’s insurance commissioners, NAIC President and Kansas Insurance Commissioner Kathleen Sebelius is urging Congress to remove a provision from H.R. 1408, the Financial Services Antifraud Network Act of 2001, that gives the General Accounting Office (GAO) …
Marsh Inc. announced it has hired four new professionals at its Kansas City office. John Puetz accepted the position of managing director and head of office. Puetz’s experience is in value-based risk management techniques. Puetz leads a team of specialists …
Standard & Poor’s today affirmed its “AA-” counterpary credit and insurer financial strength ratings on Dutch companies Royal Nederland Schadeverzekering N.V., Royal Nederland Levensverzekering N.V., and London Verzekeringen N.V. (together known as the Royal Nederland Verzekering Group; RNV). All ratings …
New Jersey-based Selective Insurance Group Inc. noted in a report that its independent agent partners have released more than $2 million in business through “One & Done,” Selective’s Internet-enabled business system which permits agents to quote, bind and process small …
