The Texas Department of Insurance (TDI) said seven people who were arrested in the Houston-area in connection with an alleged scheme to defraud insurance companies by intentionally flooding homes and filing bogus claims pleaded guilty or have been convicted on …
The Louisiana Attorney General’s Office Investigations Division announced that a statewide sweep resulted in the arrests of 12 people for allegedly falsifying workers’ compensation documents and, in some cases, illegally collecting benefit checks. Although some of those arrested admitted to …
Insurance Commissioner Carroll Fisher ordered an Oklahoma City company to stop acting like an insurance company. Fisher said he issued the order Oct. 11, after learning the company, which operated under several names, allegedly represented itself as an insurance company …
Texas Mutual Insurance Co. reported that a Travis County Grand Jury indicted Stan and Cynthia Doze, operators of Doze Construction Co. Inc., on a second-degree felony charge related to workers’ compensation premium fraud. The Doze Construction Co. is located in …
Louisiana Insurance Commissioner Jim Brown reported to the Federal Correctional Institution in Oakdale, La. on Oct. 15 to begin serving a six-month prison sentence. According to the New Orleans Times-Picayune, he is the third consecutive Louisiana insurance commissioner to serve …
At a Texas Department of Insurance public hearing held in early October, insurance agents and other interested parties testified on TDI proposals to create a temporary residual market or market-of-last-resort for homeowners insurance. Almost in unison, agents spoke against the …
At a recent seminar on the use of alternative risk transfers (ART) in hard markets, “ART Solutions in a Time of Capacity Shortage,” global reinsurer Swiss Re, which hosted the event, noted that more and more of its clients are …
By the time this issue of Insurance Journal lands on your desk, federal lawmakers probably won’t have passed legislation that would provide a backstop for terrorism insurance. But they are very close. It’s about time. For well over a year …
Retail agents know where to turn when they have a specialized need, a difficult coverage to place, or any kind of excess or surplus line of business: the managing general agent. Due to the broad range of coverage options and …
Insurance Journal senior writer Dave Thomas recently interviewed Dan Dyce, Disaster Response Manager for the California Earthquake Authority (CEA). In this capacity, Dyce, who has been in the industry 29 years, coordinates the CEA’s earthquake disaster response with the 18 …
