The Insurance Bureau of Canada reported that insurers in British Columbia are acting quickly to assist policyholders whose homes and businesses have been affected by the forest fires currently raging in the province (See IJ Website August 25). “It is …
Administaff, Inc., a Professional Employer Organization, has selected member insurance companies of American International Group, Inc. (“AIG”) to provide statutory workers’ compensation coverage for all of its corporate and worksite employees throughout the United States. The one-year program is effective …
Three insurance trade associations announced that a Sacramento Superior Court sustained their challenge to the legality of a homeowners insurance Emergency Regulation issued by the California Department of Insurance (CDI) to all residential property insurers in the state. The three …
Pasadena, Calif.-based PAULA Financial announced net income for the second quarter of 2003 of $0.02 per share compared to $0.01 per shares for the 2002 period. Total revenue for the second quarter of 2003 was $4.3 million compared to $2.9 …
Springfield, Ill.-based Horace Mann Educators Corp. announced a quarterly dividend of 10.5 cents per share payable on Sept. 15, 2003, to shareholders of record as of September 4, 2003. Horace Mann is the largest national multiline insurance company focusing on …
Ohio Sen. George Voinovich will not return the $85,000 now-bankrupt PIE Mutual Insurance co-founder and convicted fraudster Larry Rogers donated to his campaign, according to the Associated Press. PIE, once a leading medical liability insurer, went belly up in 1998 …
The National Association of Mutual Insurance Companies (NAMIC) has asked the National Association of Insurance Commissioners (NAIC) not to increase the Risk Based Capital (RBC) risk factor for property/casualty companies. RBC requirements calculate the amount of capital an insurer should …
ABRA Auto Body & Glass, a Minneapolis-based damaged vehicle repair company, announced that the company’s repair centers in Atlanta, Ga. are co-sponsoring the “Dodge Teen Driver Education Seminar” to be held at Lockheed Martin in Marietta, Aug. 25 through Aug. …
A Hialeah, Fla. clinic owner and another individual were arrested and charged with one count each of racketeering, organized scheme to defraud, insurance fraud and grand theft following a joint investigation conducted by the state’s Department of Financial Services’ Fraud …
Oklahoma Insurance Commissioner Carroll Fisher suspended the license of a Tulsa insurance agent accused of misleading new homeowners into purchasing coverage they are not required to carry. Gary Kroll’s license was suspended after it was alleged he sent cards to …
