Agents & Brokers News

Best Lowers PAULA Ratings

A.M. Best Co. has lowered the financial strength rating for PAULA Insurance Co. of Pasadena, Calif., to B- (Fair) from...

DIGGING UP OFFSHORE FRAUD

The California Department of Insurance (CDI) Criminal Investiga-tions Branch reported evidence that fraudulent certificates of insurance have been issued to...

Penalty Flag on the Field

The CDI is looking into allegations of premium theft, embezzlement and other violations connected with the Redwood City, Calif.-based Wersching...

Global Investment Firm Predicts

Citing firming prices for insurance, the global institutional investment bank Lehman Brothers has started ACE Ltd. with a buy rating...

Fiserv Acquires FSC

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In keeping with its aggressive and acquisitive nature, Fiserv Inc. announced March 6 that it had purchased Agoura Hills, Calif.-based...