An undercover operation bust led to five arrests in San Bernardino County, Calif. The California Department of Insurance’s (CDI) Urban Auto Task Force arrested Dr. Michael Loader, 49, a chiropractor, of Claremont; Bruce Sutton, 45, of Ontario; Ramona Toney, 48, …
Basheba and Cedric Peoples, both 35, of Las Vegas were sentenced for their alleged involvement in an internal insurance fraud scheme victimizing California State Automobile Association (CSAA). The suspects were sentenced to nine months in the County Jail and the …
Nuts & Bolts: Markel Insurance Company, a subsidiary of Markel Corporation, announced the expansion of its coverage of private schools. Long in the business of providing insurance for Montessori and K-8 private schools, Markel has extended its program to include …
Nuts & Bolts: Builders & Tradesmen’s Insurance Services is offering a program for commercial auto. The program is designed for up to four vehicles and up to 10 drivers. The program will allow vehicles with GVW up to 20,000 lbs. …
Nuts & Bolts: King Insurance has a new mobile home park program. The commercial package includes a variety of coverages for owners and operators of mobile home parks in several western states, with plans for future expansion in surrounding states. …
Nuts & Bolts: Assurance Partners Bank has a merchant credit card services program available. Reduce cancellations for non-payment of premium and agency collection efforts—accept credit card payments in person, over phone, by computer—group rating for independent agents. Assurance Partners Bank …
Seattle-based Safeco announced that claims stemming from the recent string of Midwest and Southern tornadoes, added to losses from violent hailstorms in Texas earlier in the quarter, are estimated at nearly $90 million in pretax catastrophe losses. This figure represents …
Nevada Insurance Commissioner Alice Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total increase of 24.9 percent requested by State Farm …
Reformed state regulation of insurance is the most desirable course for the future according to a National Association of Mutual Insurance Companies (NAMIC) speaker at a media briefing on “An Optional Federal Charter: The Future of Insurance Regulation” hosted by …
Despite substantial rate increases over the past three years, property/casualty insurers will not see any dramatic improvement in their financial results by 2004, according to Conning Research & Consulting Inc. “Property-Casualty Forecast and Analysis by Line of Insurance, First Quarter …
