Two Folsom, Calif. men were arrested on May 16 for arson and insurance fraud. Donald Walker, 21, was charged with two felonies including insurance fraud and arson. Jeff Carter, 22, was charged with
While innovative catastrophe bonds are being structured around risks other than U.S. hurricanes, Standard & Poor's is not comfortable rating all possible deals being dreamed up by issuers and
NEW YORK--While innovative catastrophe bonds are being structured around risks other than U.S. hurricanes, Standard & Poor's is not comfortable rating all possible deals being dreamed up by issuers and
The arrests were the results of two separate investigations by the California Department of Insurance (CDI). The first investigation led to the arrests of Helen Marler, 28, and her husband Jason
Insurance industry trade groups are praising a Minnesota Senate decision earlier this week to pass a more limited "bad faith" damages bill that they called a "reasonable alternative" to a version pend
An investment analyst said homeowner insurers should benefit from the drop in new home construction by lowering the cost for building replacement homes, but the economic slowdown could increase losses
The study says that worldwide there were 143 natural catastrophes and 193 manmade disasters in 2007. These resulted in the loss of 20,000 lives and $70 billion in economic losses. Property insurers pa
Often in this space I scold the insurance industry for short-sighted actions or outright misbehavior that undermines an already tarnished reputation. But what is equally ...