A California Department of Insurance examination has found that Mercury Insurance violated the state insurance statutes and as a result, the company may have illegally overcharged thousands of Californians for auto and homeowners insurance. “In addition, the Department’s examination finds …
13% The latest report from the National Insurance Crime Bureau (NICB) shows that motorcycle thefts declined by 13 percent in 2009, continuing a downward trend in thefts. A total of 56,093 motorcycles were reported stolen to law enforcement in 2009, …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Surgery Centers Market Detail: hci provides medical professional liability to surgery centers for claims arising …
A federal judge in New Orleans has awarded seven plaintiffs from Virginia more than $2.6 million in a consolidated case involving damage to their homes as a result of the installation of substandard drywall from China. In an opinion published …
Financial stress is the No. 1 reason residential dwellings are intentionally torched, but proving the act of arson is not that easy. In fact, Federal Bureau of Investigation statistics for 2007 show only around 6 percent of arson offenses of …
$4.8 Million Salary paid to ex-CEO Ramani Ayer of The Hartford for his final 10 months as chairman and chief executive of the insurer last year, according to an Associated Press analysis. Liam McGee, who took over for Ayer at …
Hartford Financial Services Group Inc. will restructure itself under a plan to reignite growth in the small- and medium-sized business market. The announcement of the plan on April 2 came a day after the insurer repaid $3.4 billion of U.S. …
The western states have a high number of online crime complaints per capita, compared to other regions of the country. Alaska, Colorado, Nevada, Oregon, Arizona and Washington ranked among the top 10 for complaints per 100,000 people, according to the …
There were an estimated 30,500 intentionally set structure fires in the United States in 2008 that resulted in some $866 million in property loss, according to the U.S. Fire Administration (USFA). Intentionally set structure fires also resulted in 315 civilian …
Ohio Attorney General Richard Cordray won a round in early April in his lawsuit alleging insurance companies and brokers conspired to fix commercial casualty insurance prices during a period extending from 2001 to 2004. American International Group Inc. has agreed …
