Robin Jackson of Lakewood was sentenced to three years in state prison on insurance fraud and conspiracy charges. The 38-year-old man also received two one-year enhancements to his sentence because of prior criminal convictions. According to CDI fraud investigators, Jackson …
Martha Rosa Olivera of Ceres was arrested on insurance fraud charges after she knowingly filed a fraudulent claim. CDI fraud investigators found that in April of 1997, the 41-year-old woman reported to the Stanislaus County SheriffÕs Department that her vehicle …
David Leon Staples of Vacaville was arrested on two felony counts of insurance fraud. According to CDI fraud investigators, the 21-year-old man submitted a claim to Sterling Casualty Insurance Company after his 1995 Ford Thunderbird was in an accident. He …
Sandra Leah Babcock of Sacramento was arrested for workersÕ comp fraud. The 45-year-old woman was an office worker for Mercury Insurance Company in Sacramento. On March 1, 1997, Babcock reportedly injured her neck and back while carrying a box of …
Following a six-month investigation, Jose Rodea Ramirez of South Gate was arrested on workersÕ comp insurance fraud charges. On June 16, 1995, while working as a cook at El Pollo Loco, Ramirez allegedly slipped on a wet floor and fell, …
GE Reinsurance Corp. has formed an auto segment based at the company’s Lincolnshire, Ill., headquarters, which will be headed up by Kenneth Anderson, who joins GE Re from GE Capital Auto Financial Services. No further details of the venture were …
For the eighth straight year, U.S. banks saw record profits in 1999, reaping the benefits of the longest economic expansion in the country’s history. The Federal Deposit Insurance Corporation reported banks booked net income of $71.7 billion over the year, …
Marsh & McLennan Companies has created MMC Enterprise Risk, a new operating entity that will help MMC respond on an integrated basis to the various risks faced by corporations. Bob Khanna, formerly of Citigroup, will head the entity. Khanna most …
Tennessee’s accreditation with the National Association of Insurance Commissioners has been suspended primarily because of the state’s failure to prevent Martin Frankel, the notorious Connecticut money manager, of allegedly bilking insurance companies of millions. Anne Pope, Tennessee Commissioner of Insurance …
Shares of E.W. Blanch Holdings plummeted 62 percent March 21 after it projected lower than expected profits. The Dallas-based holding company experienced first-quarter earnings well below those in the same quarter last year, preliminary results show. First-quarter earnings per share …
