A Pittsburgh police officer, already disciplined for his conduct during an off-duty vehicle crash, has been put on paid leave after county prosecutors charged him with insurance fraud in the same incident. The Associated Press could not immediately locate a …
Most Marylander homeowners aren’t likely to be covered for earthquake damage under their homeowner’s policies. The Insurance Information Institute [I.I.I.] said earthquakes are not covered under standard homeowners or business policies. However, the institute says incidental damage such as fire …
A federal judge is set to sentence a former Rhode Island politician and an ex-radio host for their roles in a $40,000 home insurance fraud scheme. U.S. District Court Chief Judge Mary Lisi is scheduled to sentence 50-year-old Robert Ricci …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of China Reinsurance (Group) Corporation (China Re) and its subsidiaries, China Property & Casualty Reinsurance Company Ltd. (CPCR) and China Life …
UK travel insurer Columbus Direct, which is part of the Collinson Insurance Group, announced the expansion of its range of low cost travel products into the German market. The bulletin said a “range of travel insurance products will now be …
Willis Europe B.V., a division of Willis Group Holdings plc, has acquired 100 percent of the shares of Polish insurance broker, Brokerskie Centrum Ubezpieczeniowe (AMA) Sp. Zoo. Willis said the deal, effective immediately, will further strengthen its “presence in the …
Large and powerful Hurricane Irene roared across the Bahamas archipelago on Wednesday, knocking down trees and destroying homes on a path that officials said posed the greatest threat to the country’s smaller, less-populated islands. There were no immediate reports of …
Catalina Holdings (Bermuda) Ltd. has announced that its wholly owned subsidiary, Catalina Echo Limited, signed a definitive merger agreement on August 22, 2011 to acquire Residential Loss Control Holdings, LLC (RLCH). Catalina specilizes in offering “finality and immediate capital release” …
For a few minutes from Georgia to Maine, the question rang out: What was that? The answer — a rare East Coast earthquake, magnitude 5.8 — was far down on the list for most not used to the earth shaking …
The Supreme Court of Ohio has ruled that when read in context with other policy language, a provision in a homeowner’s insurance policy requiring that “any action” against the insurer “must be started” within one year of a loss is …
