Mold. Stachybotrys. The stuff of broken refrigerators and the aftermath of floods is now the scourge of insurance companies. In the humid South, the epidemic of claims has led to actions by carriers and regulators similar to those actions that …
A Texas Department of Insurance (TDI) Fraud Unit investigation revealed that one insurance agent’s actions may have left over 100 public firework displays scheduled for this Fourth of July uninsured, as well as hundreds of trucks filled with petroleum products …
Frank J. Coyne, president and CEO of Insurance Services Office, Inc. (ISO), was named chairman of the ISO board of directors, effective July 1. Coyne became ISO’s president and COO in Jan. 1999 and CEO in July 2000. As chairman …
A Texas Department of Insurance (TDI) Fraud Unit investigation revealed that one insurance agent’s actions may have left over 100 public firework displays scheduled for this Fourth of July uninsured, as well as hundreds of trucks filled with petroleum products …
Mold. Stachybotrys. The stuff of broken refrigerators and the aftermath of floods is now the scourge of insurance companies. In the humid South, the epidemic of claims has led to actions by carriers and regulators similar to those actions that …
Standard & Poor’s lowered its counterparty credit and financial strength ratings onMutual Service Casualty Insurance Co. (MSC) of St Paul, Minn., to single-“Bpi” from triple-“Bpi” because of the companies’ rise in net leverage, decline in surplus, and weak profitability and …
A federal bankruptcy court ruled that Dallas businessman Aharon Chen and A.C. Painting Inc., his now-bankrupt company, defrauded more than $3 million from Texas Mutual Insurance Co., a workers compensation provider. Chen was ordered to pay $1.3 million and attorney’s …
American International Group announced that a number of its operating companies have enhanced their Directors, Officers and Corporate Liability insurance coverage to include Business Travel Accident Insurance and Travel Assistance Services. Although AIG indicated that coverage might not be available …
Many of the events that made 2001 the worst year ever for property/casualty insurance will continue to keep the industry in a hard market throughout of this year, said panelists at the Spring Meeting of the Casualty Actuarial Society (CAS) …
State Farm Insurance Company imposed a moratorium on new homeowners customers in Missouri and Kansas, expanding its ban against new residential policies to five states. According to the Kansas City Star, the company is the largest home insurer in the …
