A former workers’ compensation claims adjuster and all eight of her alleged accomplices must now face felony grand theft charges after an investigation by the California Department of Insurance (CDI) Investigation Division revealed a $318,250 fraudulent check scheme. “Today’s developments …
Texas Mutual Insurance Company announced it is partnering with Argonaut Insurance to offer workers’ compensation coverage for Texas-based businesses that have operations in other states. The agreement will apply to Feb. 1, 2004 policy renewals and new policies. Texas Mutual …
On Jan. 29 and 30, 2004, the Texas Department of Insurance (TDI) will host a statewide insurance fraud conference at its headquarters in Austin, highlighting anti-fraud efforts. The department said an estimated 150 local, county, state, federal and industry investigators …
At a bimonthly meeting with the governor and other state Cabinet members, Florida Chief Financial Officer Tom Gallagher announced that the Department of Financial Services’ Bureau of Unclaimed Property is holding over $970 million in cash and property belonging to …
The high trend of insurance rates experienced by hospital professionals and physicians over the past three years show no sign of slowing in 2004 as claims costs are increasing at a steady rate of 9.7 percent according to the Hospital …
The St. Paul Cos. announced that the company expects fourth-quarter net income of 19 cents to 21 cents per share and operating earnings per share of zero cents to 2 cents. In the quarter, the company recorded a charge of …
The more than 100 homeowners insurance carriers that operate in Michigan are already gathering rating information recently requested by the governor and the Michigan Office of Financial Insurance Services (OFIS) Commissioner Linda Watters, a state industry lobbying group said. The …
Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported fourth-quarter 2003 net income of $357.8 million, or $1.63 per share, 135 percent higher than last year’s $152.2 million, or 69 cents per share, in the fourth quarter. Included in net income …
Nuts & Bolts: Allen Financial Insurance Group Inc. and The Equestrian Group are offering a market for agribusiness and specialty equin Dollars: Policy limit $4 million. Minimum premium is $500. Carrier: American Reliable Insurance Company and American Bankers Insurance of …
Nuts & Bolts: Euclid Managers LLC is offering a market for media liability. Coverage is for small and mid-sized media risk companies. These products are customizable featuring the option to add additional covered services directly on the policy forms. Coverage …
