Questionable insurance claims rose by 38 percent in Texas from 2010 through 2012, the National Insurance Crime Bureau (NICB) reports. Questionable claims (QC) are those claims that NICB member insurance companies refer to NICB for closer review and investigation based …
Financial services firm Cantor Fitzgerald, which lost nearly two-thirds of its employees in the Sept. 11, 2001 attacks against the U.S., revealed a $135 million settlement with American Airlines and insurance carriers Tuesday to a judge who said the deal …
Union Mutual of Vermont Companies announced Michael W. Nobles was elected to become the new president and chief executive officer of Union Mutual effective at the companies’ annual meeting on Feb. 26, 2014.Nobles, currently serving as chief operating officer of …
Utah officials say they’ve come to a tentative $5.35 million settlement with Chevron after a pipeline leaked about 20,000 gallons of diesel fuel in northern Utah earlier this year. Chevron officials did not immediately respond to messages seeking comment Tuesday. …
AmTrust Financial Services Inc. hiked rates by 15 percent on its California workers’ compensation business in 2013, and it is not alone. SNL data shows multiple companies took rate during the first half of 2013. The rates used in this …
New York Gov. Andrew Cuomo’s administration announced it has approved Esurance’s new telematics program designed to help prevent teens from texting while driving. This new voluntary program, called “DriveSafe,” allows Esurance policyholders to install a device, free of charge, in …
Vermont and federal officials Monday highlighted the state’s ongoing efforts to prepare for what is expected to be increasingly severe weather, most likely floods, in the coming years as the effects of a warming world continue to be felt. They …
The board of directors of medical professional liability insurer, LAMMICO, has declared another dividend for all policyholders in Louisiana and Arkansas, marking the seventh time since 2008 the company has authorized the payment of a dividend to its insureds. The …
Verisk Climate, a provider of enterprise climate risk management products, and Weather Decision Technologies (WDT), a weather industry technology provider, have formed a long-term alliance to develop new, more advanced analytics and products focused on the business impacts from weather …
Pennsylvania State Rep. Tina Pickett (R-Bradford/Sullivan/Susquehanna), who serves as chairman of the House Insurance Committee, applauded the passage of Senate Bill 1040. Picket said Pennsylvania residents will soon be able to receive their proof of auto insurance electronically or sign …
