The company also this morning announced an agreement with New York, Connecticut and Illinois state officials that will see it pay $153 million for restitution to excess casualty policyholders as well
Florida and eight other states have reached a nationwide settlement of $171.7 million with Zurich American Insurance Company, resolving bid-rigging and price-fixing allegations against the firm,
In New York a spokesman for Attorney General Eliot Spitzer, whose office first surfaced charges of bid-rigging and steering between commercial insurance brokers and carriers, said regarding Zurich "th
Saying that it would have impeded communication between consumers and their insurers, Maryland's Gov. Bob Ehrlich has vetoed a bill that was drafted to combat identity theft by protecting social
A class action lawsuit has been filed in United States District Court in Baltimore against seven insurance companies alleging that they mishandled the claims of thousands of policyholders who
A class action lawsuit has been filed in United States District Court in Baltimore against seven insurance companies alleging that they mishandled the claims of thousands of policyholders who
In the original case, Richard Nesbit, a Government Employees Insurance Co. policyholder injured in a 2003 auto mobile accident, attempted to recover PIP benefits. The insurer rejected the claim
The readers of this magazine are well aware of the financial toll that insurance crime exacts upon insurance companies and policyholders. You also are aware of the efforts by individual insurers, the
Richard Farber, 32, admitted that he stole more than $2,000 in 2003 by breaking the requirements on an insurance policy following a burglary at his house. In his claim to Philadelphia
R. Steven Orr, 53, designated last week as Maryland's insurance commissioner, said yesterday that oversight of the state's new fund to subsidize medical malpractice rates will rank as his top priority