Chicago-based Specialty Underwriters’ Alliance Inc. reported that it does not expect any losses related to the recent hurricane activity. SUA President and Chief Executive Officer Courtney Smith stated, “Our company primarily writes commercial general liability, commercial auto and workers compensation, …
Three Quincy, Mass. residents have been charged in an under-the-table payroll scheme in which they allegedly paid hundreds of temporary employees, who performed manual labor at factories and warehouses in Massachusetts, a total of approximately $30 million in unreported cash …
In an effort to reduce expenses for consumers, The New York Public Interest Research Group is calling on the state Insurance Department to compile rate information and post it online so state residents can more easily shop for policies and …
Nine individuals have been arraigned in Middlesex Superior Court in Cambridge, Mass. in connection with an insurance fraud scheme that included the staging of several motor vehicle collisions in Lowell, Tyngsborough, and Bedford. Another 7 individuals were also indicted in …
Illinois-based Horace Mann Educators Corporation estimates its financial impact from Hurricanes Katrina and Rita will total approximately $29 million to $33 million pretax, net of anticipated reinsurance recoveries. Hurricane Katrina, with estimated gross losses of $65 million to $75 million, …
In some parts of the northeast only a few weeks ago, some folks were begging for rain as their lawns turned brown from a hot and humid summer. No more. Once again on Thursday, northeastern states were soaked with heavy …
The Mississippi State Attorney General’s Office records show more than 14,000 complaints resulting after the recovery from Hurricane Katrina and about 1,300 active investigations. Grant Hedgepeth, Consumer Protection Division director, expects complaints to “go much higher” as insurance payments come …
Integro has named two new principals to serve in the company’s New York offices. Robert E. Terracciano has been named principal, for casualty insurance, and Ryan A. Barber will serve as principal as property practice leader for New York operations. …
Insurance Commissioner David Rivera is reminding Coloradans to consider purchasing flood insurance. “While it is very unlikely that a hurricane will hit Colorado, the extensive flooding caused by Hurricanes Katrina and Rita are good reminders that Coloradans should look at …
North Carolina’s first criminal case involving a professional employer organization that provides outsourced personnel services to other businesses has been resolved by the Department of Insurance. Insurance Commissioner Jim Long announced that Hardin Ross, of Winston Salem, pleaded guilty to …
