Texas Insurance Commissioner Jose Montemayor ordered a London-based “foundation” to pay a $500,000 fine and to stop offering boat insurance in Texas without a license or other proper authority from the Texas Department of Insurance. Earlier this month, Montemayor issued …
The chief financial officer of a hospital, who oversaw all workers’ comp claims, has been convicted of falsifying documentation on his own workers’ comp claim. The 299th Travis County District Court has convicted Donald Rexrode of falsifying documentation and issued …
Last issue I spent considerable time articulating how online continuing education can go wrong. How it could dumb-ify CE. One man from Tennessee, fearful of what might be coming down the pipe, created a spoof site called www.learnnothing.com relating his …
Without revealing your age, are you one of those who only faintly remembers the daily exercise regimen? At one time, did you count calories? fat grams? And now, you just count the number of pounds that you would like to …
Insurance agencies mediate between insurance companies and policyholders all the time. One of the most important focal points for this kind of activity has to do with forwarding suit papers. An insured gets sued. He hands the lawsuit to the …
ISO, NAII Report First-Half Net Income for Insurers Plunged; Fitch Adopts Negative P/C Outlook It hasn’t gone to hell in a handbasket yet, but the outlook for the property and casualty industry is far from good. On Sept. 14, Fitch, …
Former Texas Insurance Commissioner John Osorio, who, in the 1970s, served a 14-month prison sentence stemming from a pension fund scam, stepped forward as the co-winner of a $60 million lottery jackpot Sept. 9. Osorio, who served as Insurance Commissioner …
For the second straight time, the Texas Department of Insurance has ordered an overall rate reduction for the Texas Automobile Insurance Plan Association, the state’s assigned risk plan. Earlier this month, Commissioner Jose Montemayor ordered an overall 6.1 percent for …
Plans are underway for Unistar Insurance Co.’s charter to be sold to Agricultural Workers Mutual Auto Insurance Co., a 52-year-old mutual based in Fort Worth for $50,000. Negotiation of the sale began in the weeks before Unistar ran into serious …
Investigators from the California Department of Insurance (CDI) Investigation Bureau served search warrants and a cease and desist order (C&D) on a Bakersfield Insurance Agency last Friday. The search warrants were executed at the business office, residence and other locations …
