A.M. Best Co. announced that it has further downgraded the financial strength rating to C+ (Marginal) from B- (Fair) for MIIX Group, Lawrenceville, New Jersey, with the outlook continuing to be negative. The rating action applies to MIIX Insurance Company …
It’s almost inevitable that after every major disaster some individuals will try to profit from the situation; therefore, it came as no real surprise when Manhattan District Attorney Robert M. Morgenthau announced charges against 22 people for falsely filing for …
A Washington couple faces an excess of criminal charges, including the alleged falsification of payroll records to avoid paying workers’ compensation premiums, among others. Charges have been filed by Clark County prosecutors against Larry J. and Phyllis Ann Brossard, owners …
Gary Mendoza, GOP Nominee for California Insurance Commissioner, re-issued his call for state legislation prohibiting Insurance Commissioners and candidates for the Office of Commissioner from accepting campaign contributions from insurance companies and personal injury attorneys who are impacted financially by …
Democratic Nominee John Garamendi joined Calif. State Sen. Jackie Speier and consumer advocate Harvey Rosenfield on the steps of the State Capitol in Sacramento March 21 to call for a new effort to ban contributions from the insurance industry in …
Uniform Information Services (UIS), a provider of information solutions for compliance professionals in the property & casualty insurance industry, has released AuthenticWeb™ for State Filing—the Workers’ Compensation edition. AuthenticWeb is a combination of Uniform’s traditional product offerings in Workers’ Comp …
The new wave of mold litigation cases may soon compare with the incendiary asbestos cases of the last decade, according to Peter J. Lynch, a trial attorney with Philadelphia-based Christie, Pabarue, Mortensen and Young representing insurers and contractors in toxic …
GE’s Employers Reinsurance Corporation announced it will form a single global property & casualty reinsurance business by combining its Property and Casualty Re Americas and Europe/Asia operating units. Rick Smith has been named President & CEO of the new Global …
A Kansas City, Mo. pharmacist accused of diluting chemotherapy drugs was sued by his insurance company, which is seeking exemption from liability in the more than 200 lawsuits filed by cancer patients and their relatives against the pharmacist. According to …
Michigan-based Amerisure Insurance, a regional property and casualty insurance group, reported strong operating results for the year 2001, with net income of $15.9 million and a surplus increase of $9.6 million. Direct written premiums were $422.9 million for the year; …
