Nuts & Bolts: Wilkes Barre, Pa.-based GUARD Insurance Group is expanding its workers’ compensation offerings into the Midwest. The company is in the process of appointing producers to commence operations in Michigan and Indiana during the early part of 2004 …
North Dakota Insurance Commissioner Jim Poolman issued a cease and desist order against My Smart Benefits Inc., an Indiana company that administers self-funded employee benefit plans for several employers in the state. The commissioner has ordered My Smart Benefits Inc. …
The Kansas Department of Insurance’s new fraud unit announced its first prosecution. Acting in concert with the attorney general and Douglas County District Attorney Christine Kenney, the Unit has filed a 14-count criminal complaint against Rhonda Wilder. The complaint charges …
A Berthold, N.D., man was sentenced to serve a year in the Ward County Jail and ordered to pay $5,618 in fines and restitution after pleading guilty to charges of filing false workers’ compensation claims, according to the North Dakota …
A Marion, Iowa, insurance agent was sentenced to four years in prison for selling fraudulent securities, according to The Marion Star. Paul L. Edwards, 68, received three years for reportedly engaging in a pattern of corrupt activity and one year …
Ohio Insurance Director Ann Womer Benjamin announced that insurance agent Steven Goodyear agreed to the revocation of his insurance license, effective immediately. Goodyear signed a department consent order in which he reportedly admitted that he misappropriated $200,279.43 that was intended …
Chicago-based commercial lines insurer CNA Financial Corp. reported a net loss for the third quarter of 2003 of $1.8 billion, or $7.94 per share, as compared with net income of $54 million, or 24 cents per share, for the same …
Cincinnati Financial Corp. announced that the Ohio Supreme Court’s recent reversal of its Scott-Pontzer decision could result in the release of approximately $75 million in uninsured motorist/underinsured motorist reserves. This amount would include some Cincinnati Insurance Co. reserves for losses …
North Dakota’s director of Workforce Safety and Insurance was fired last October by the agency’s board of directors, according to the Bismarck Tribune. Brent Edison had headed up the agency since January 2002 and had previously served as vice president …
The Alliance of American Insurers is encouraging Ohio lawmakers to seize the momentum and act quickly on legislation dealing with tort reform and asbestos litigation reform. The Ohio House approved HB 292, which addresses key issues related to improving the …
