Nashville-based Bridgestone/Firestone Inc. has reportedly settled approximately 40 percent of personal-injury lawsuits filed against the company over its recalled Wilderness AT and ATX tires. According to an AP article, Bridgestone/Firestone set up a reserve fund of $851 million last year …
A recent Hiscox study reveals that most high value homeowners have little idea of the true value of their home contents. The study compared 64 high value homeowners’ previous valuations with the new valuations assessed by an independent valuer. On …
The Hartford Financial Services Group has appointed Robert Ferreira senior vice president of human resources for the company’s property-casualty operations. Ferreira previously served as executive vice president of human resources, service and selling, and asset protection for Saks Fifth Avenue. …
An administrative law judge found in favor of American International Group, Inc. (AIG) subsidiary American International Insurance Company of New Jersey (AIIC), on eight of ten issues in a dispute with the New Jersey Department of Banking and Insurance. AIIC …
Great American Insurance Co. is now offering notary bonds and error and omission insurance which can be purchased online in Utah via its ElectronicSurety website. The low rate notary bonds are also accessible in Texas, Michigan, Mississippi and Missouri, with …
A California Department of Corrections Correctional Officer surrendered to a Riverside Court last week on two felony charges of workers’ compensation insurance fraud. The suspect allegedly failed to notify his insurance carrier of additional employment income in order to receive …
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., …
