Oklahoma Insurance Commissioner Carroll Fisher obtained a temporary court order placing Fairway Employment Services into receivership. According to the insurance department Fairway, along with a number of affiliated companies, had been acting as an unlicensed insurance company. In October, Fisher …
Millennium Insurance Agency Inc., headquartered in Houston, won a $10.7 million judgment against three former employees who had allegedly conspired to, among other things, convert and misappropriate confidential information from the company. According to Millennium, the 127th District Court in …
According to Oklahoma Insurance Commissioner Carroll Fisher, a Ponca City agent has agreed to pay a $20,000 fine, forfeit his license and pay claims from customers who thought they had insurance but did not. The agent, Mark Alan Jordan, is …
An investigation by Texas Mutual Insurance Co. revealed a man employed to pick up roadside trash has trouble with his knee because of the shotgun pellets embedded in it, not because of an accident in which a woman’s car rear-ended …
The Texas Department of Insurance (TDI) sent letters in December to the top 10 companies writing homeowners insurance in Texas asking them to voluntarily file their rates by January 2, 2003. TDI also requested that the companies include supporting information …
The Third Court of Appeals in Austin found that Farmers Insurance Group had both acted in bad faith and violated the state’s deceptive trade practices law in a landmark case that originally saddled the company with a $32 million judgment. …
At Swiss Re’s Year-End Economic and Insurance Industry Review 2002 and Outlook 2003, held mid-December 2002 New York, various speakers discussed the precarious situation most of the world’s major economies and insurance markets find themselves in, and identified possible strategies …
Texas Insurance Commissioner Jose Montemayor recently submitted the Biennial Report, required under Section 32.022 of the Insurance Code, to Texas legislators suggesting needed changes in laws relating to insurance industry regulation and summarizing the status of the industry in the …
Will medical malpractice problems initiate the industry’s crisis for 2003 in the way that mold mania swept Texas and many other states in 2002, creating havoc in the homeowners insurance market? If you read the headlines, it looks like the …
Most people wake up on New Year’s Day and make a resolution: lose weight, exercise more, spend more time doing the things you enjoy. The National Insurance Crime Bureau (NICB) woke up on New Year’s Day 2003 with the same …
