An article in the Contra Costa Times reported that California state investigators last week searched three brokers in the East Bay area, including Arvind Insurance Services in Richmond, to check allegations of fraud by brokers selling principally taxicab insurance. In …
State insurance fraud bureaus have doubled their criminal convictions for scams since 1995, but many states remain ill-equipped to combat a crime wave that’s increasingly dominated by organized crime rings, says a study by the Coalition Against Insurance Fraud, a …
The Hartford Financial Services Group, a major insurer of livestock, has created a new insurance program to target the fast-growing fish farming business. Whether a fish farm is an indoor or outdoor operation, The Hartford now can protect this livestock …
Ten major financial services firms — including CNA Insurance, CNA Surety, Kemper Insurance Companies, SAFECO, The St. Paul Companies and Zurich North America — have agreed to participate in Financial Keyosk, a web-based alternative distribution channel for financial services products. …
A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio Casualty Insurance Company and a separately rated affiliate. …
Representatives of the insurance industry and the state workers’ compensation division met July 23 to discuss implementation of a new law that would significantly reduce requirements for insurers to report their loss control services. Workers Compensation Director Larry Leip told …
XL Capital Ltd. announced it has completed the purchase of Winterthur International from Winterthur Swiss Insurance Company, a business unit of Credit Suisse Group. The all-cash transaction, announced by the XL Capital on Feb. 16, 2001, is valued at approximately …
The DeWolfe Companies Inc., the largest provider of residential homeownership services in New England, announced an agreement to acquire a portfolio of more than 9,000 personal insurance accounts from Aon Private Risk Management Insurance Agency, Inc. The acquisition will be …
TowerStreet, a leading provider of insurance software and services, announced that its Internet exchange has gone “live” in New York, New Jersey, and Connecticut. SmartWorks™, TowerStreet’s new hosted, point-of-sale (POS) service, integrates multi-company rating with underwriting information and data validation. …
Amwest Insurance Group Inc. announced that it has commenced Chapter 11 bankruptcy proceedings in the United States Bankruptcy Court for the Central District of California. The company will be a debtor in possession, and in due course will file with …
