Alliances with a twist

Article Abstract:

Two smaller property and casualty insurance underwriters have fashioned strategic alliances with large insurance carriers in order to tap the buying power and capital base of the latter to improve their market position. The $51-mil-per-year multilines carrier Montgomery Mutual Insurance Co. has formed an alliance with Liberty Mutual Group, which accounts for annual net premiums of over $5 bil. First Delaware Insurance Co., which is accountable for $4 mil in small commercial line premiums, has formed an alliance with Old Guard Insurance Group, which is responsible for $100 mil in annual premiums.

Property & Liability Insurance, Contracts, Property and casualty insurance industry, Liberty Mutual Insurance Co., Montgomery Mutual Insurance Co., First Delaware Insurance Co., Old Guard Insurance Group

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Everything old is fraudulent again: one author's research into two centuries of fraud shows some old twists to new scams

Article Abstract:

Insurance claims fraud is a growing problem, but not a new one. In his book "Accidently, on Purpose - The Making of a Personal Injury Underworld in America," Ken Dornstein chronicles the history of personal injury insurance claim fraud from faking injuries aboard steam trains in the 1800s to the ever-expanding series of auto and personal injury fraud prevalent in the 1990s.

Personal Property & Liability Insur, Insurance industry, Crimes against, History, Interview, Authorship, Insurance fraud, Accidently, on Purpose - The Making of a Personal Injury Underworld in America (Book), Dornstein, Ken

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