Texas Mutual Insurance Company announced that District Court Judge Lee H. Rosenthal Has sentenced Houston attorney Bernardo Eureste to three years probation for reported workers’ compensation fraud-related charges. Eureste, a former member of the San Antonio City Council, must also …
An investigation by the Texas Department of Insurance (TDI), the Federal Bureau of Investigation (FBI) and the U.S. Postal Inspection Service resulted in the arrest of seven Houston homeowners in connection with an alleged insurance fraud scheme. According to the …
The CPCU Society recently introduced its redesigned Web site, www.cpcusociety.org. The updated Web site corresponds with the launch of the new CPCU Job Network, an online employment resource for recruiters, employers, and CPCU Society members. The Job Network focuses on …
The head insurance regulators of three key states have accepted invitations to speak at the Alliance/AAIS Joint Underwriting Conference, to be held in Chicago. Sharing their perspectives on the insurance industry at the Sept. 29-Oct. 1 event will be Illinois …
An extraordinary number of catastrophes, the high cost of home repairs and excessive jury awards due to the emergence of mold claims are pushing the cost of homeowners insurance upward an average of 8 percent nationwide in 2002 and a …
Minnesota-based RTW Inc., a provider of workers’ compensation management systems, will launch a new business unit on July 15, to provide its proven core product-case and claims management services-to self-insured groups and employers, and other alternative markets outside of RTW’s …
The financial strength rating of Meadowbrook Insurance Group of Southfield, Mich., was raised by A.M. Best Co. “B+” (Very Good) from “B” (Fair) and assigned a positive outlook. The rating applies to the four members of Meadowbrook Insurance Group, Star …
The Wisconsin Office of the Commissioner of Insurance (OCI) announced the publication of yearly data concerning complaints against insurance companies, disciplinary actions taken against insurance companies and agents, and grievances filed with companies. “We compile grievance and complaint statistics to …
Minnesota Commerce Commissioner Jim Bernstein is charging State Farm Fire and Casualty Company and State Farm Mutual Automobile Insurance Company with more than 13,000 violations of Minnesota insurance law. Based on a market conduct examination, the Department of Commerce is …
As the fallout from the latest U.S. accounting scandal echoes across the globe, The Netherland’s Aegon and Bermuda’s ACE Limited and Everest Re released statements on their potential WorldCom exposures. Aegon, which had already said it could have losses of …
