Ratings Downgrades for Members of California-based CSAA: A.M. Best June 20, 2016 A.M. Best has downgraded the financial strength rating to A (Excellent) from A+ (Superior) and the issuer credit ratings to...
Oklahoma Man Gets 18-Year Sentence for Insurance Fraud June 20, 2016 An Oklahoma man has been sentenced to 18 years in prison for insurance fraud, the state attorney general’s office reported....
People – East June 20, 2016 Erie Indemnity, the managing company for Erie Insurance, has named Timothy G. NeCastro as Erie Insurance’s president and CEO-designate effective...
Smart Choices, Luck Help U.S. P/C Insurers Stay Stable: S&P June 20, 2016 Good news alert: the U.S. property/casualty insurance sector “has been dealt a good hand” and remains stable due to smart...
Oklahoma Commissioner Deems Earthquake Coverage ‘Non-Competitive’ June 20, 2016 Oklahoma’s top insurance regulator says there’s a definite lack of competition in the state’s earthquake insurance market and has ordered...
New York DFS Signals Business-Friendly Approach June 20, 2016 New York Gov. Andrew Cuomo’s pick to serve as the state’s top financial regulator on June 8 signaled she would...
President Declares 12 Texas Counties Major Disaster Areas June 20, 2016 Twelve Texas counties that suffered severe flooding during heavy rainfall in late May have been declared major disaster areas by...
Pacific Gas in California Set to Face Jury over Pipeline Blast June 17, 2016 One of the country’s largest utility companies is set to face a jury in a criminal trial accusing it of...
Oregon Shakespeare Festival Insurer Breached Contract: Judge June 17, 2016 The Oregon Shakespeare Festival can go to trial or pursue a settlement under a judge’s ruling that an insurer should...
52 Workers at Washington Nuke Facility Checked for Vapor Exposure June 17, 2016 Two more workers at the Hanford Nuclear Reservation have received medical evaluations for possible vapor exposure at the former nuclear...