Property-Casualty Insurance News
DOL unveils new online tool targeting unemployment insurance fraud
The U.S. Department of Labor is giving states new resources to help them detect, prevent and recover improper unemployment payments and fraud.
A disbanded congressional committee said the federal government should end its “special tax deal” with American International Group (AIG) that has resulted in $17.7 billion in profits for the company since 2008.
Louisiana’s insurance commissioner, Jim Donelon, warned insurance agents of an alleged scam involving possible fraudulent insurance covering habitation risks that has at least one victim.
Independent Adjustment Co. opening New Jersey office
A Patchogue, N.Y.-based insurance adjustment company is opening an office to serve the northern and western portions of New Jersey, according to company officials.
AIA challenges ‘closed-door’ meeting between consumer, commissioners
An insurance association member questioned a “closed door” meeting among consumers groups and a National Association of Insurance Commissioners’ (NAIC) joint working group on automobile insurance.
NFP Property and Casualty Services (NFP) acquired a Tustin, Calif.-based commercial and personal lines property-casualty agency.
N.Y. insurer, N.J. processing agent probed over Calif. fire claims
California insurance regulators initiated administrative action against New Hampshire Insurance Co. and its claims processing agent over their handling of claims after a 2008 fire in Sylmar, Calif.
Commercial insurance rates up 2%, shows market ‘turning slowly’
The composite commercial insurance rate index rose 2% in February, according to MarketScout, which does a monthly analysis of various lines.
The U.S. wants a federal court to rule that losses to American International Group and its shareholders as a result of the government’s takeover of the company in 2008 should remain those of the company and its investors, not the public.
USAA, State Farm rank highest among 14 insurers for customer service
USAA beat State Farm in the “good” customer service category in a new ranking of insurers, according to the Temkin Group.

Federal health reform would add 10,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase

Life insurers sell shares in British tech firm to Pa. company
FINRA estimate for IA SROs excludes monetary, administrative details
Most insurance agencies seeing better results than last year

Pa. broker adds $181,000 commission to $2.1M false insurance invoice
A.M. Best rates Pa.-based insurer’s outlook ‘negative’
With five-year plan stuck, House passes new short-term NFIP extension


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