The California Department of Insurance (CDI) arrested three northern California residents on multiple counts ranging from insurance fraud to embezzlement and grand theft. Patricia Anne Okuniewicz, 40, of San Jose surrendered on 10 counts of insurance fraud, one count of …
Adding a specialty capability to its national operations, Alliant Resources Group, Inc. (Alliant), acquired California-based Affinity Insurance Services, LLC (Affinity), a full-service property and casualty agency focusing in property, liability and workers compensation insurance coverage for Native American tribal and …
Arizona’s governor signed a bill recently that will establish an alternative dispute resolution procedure for certain construction defect claims, providing a modicum of relief to a beleaguered construction industry, according to the Alliance of American Insurers. “The new law is …
The California Senate approved a bill that would expand eligibility for the current low-cost automobile insurance program to middle-income drivers, a measure that will force insurers to increase premiums for non-urban drivers to subsidize potential losses, according to the Alliance …
A measure approved by the California State Senate is based on a flawed premise and will discourage charitable giving by insurance companies, says the American Insurance Association (AIA). “This bill is based on the faulty assumption that insurers should be …
ACE USA appointed Geoffrey G. Gregory to president, ACE Casualty Risk. Gregory has responsibility for the creation of a new casualty umbrella unit within ACE USA. ACE Casualty Risk will provide up to $25M in umbrella/excess coverage to businesses whose …
A.M. Best has affirmed insurer FM Global’s A+ (superior) rating due to “the group’s superior capitalization, prominent market position within the commercial property market and the long- term benefits to be gained from FM Global’s re-underwriting efforts, its continued commitment …
The Alliance of American Insurers (AAI) says that a recent letter on terrorism insurance sent by the Consumer Federation of America (CFA) to Senate Majority Leader Tom Daschle cited incomplete statistics and was misleading in its conclusions. “The CFA has …
The Kansas Legislature has adopted a resolution creating a task force to study insurers’ use of credit-based insurance scores and the regulation of their use by the state Insurance Department. According to the National Association of Independent Insurers (NAII), the …
Standard & Poor’s announced that it has assigned its single-‘A’-plus financial strength rating to Liberty Mutual Insurance Co. (UK) Ltd. (LMUK) “based on an explicit guarantee of LMUK’s insurance, reinsurance, and surety obligations provided by its U.S. parent, Liberty Mutual …
