A five-year undercover investigation into a staged auto collision ring came to a conclusion recently with the sentencing of the final attorney implicated by the joint efforts of the California Department of Insurance (CDI) Fraud Division and the Federal Bureau …
State Compensation Insurance Fund will collect $800,000 in restitution from two former owners of a San Diego County-based construction company. The award followed their guilty plea on felony workers’ compensation insurance fraud and tax evasion charges in San Diego County …
Attorney General Brian Sandoval announced that Tye Fortuna, 31, of Big Fork, Mont., was sentenced recently by Judge Michael R. Griffin in the Carson City District Courthouse after pleading guilty to felony insurance fraud. Tye Fortuna previously was a Carson …
Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), announced the launch of Risk Capital Protector, a program designed to respond to the organizational and managerial liability exposures of venture capital and private equity firms and …
Nuts & Bolts: The Chubb Group of Insurance Companies has updated its Customarq Classic property policy. Chubb’s Customarq Classic offers U.S. and Canadian commercial customers a choice of monoline property insurance protection or a package of property, general liability and …
The insurance regulatory organization from Montana received Accreditation awards under the National Association of Insurance Commissioners’ (NAIC) Financial Regulation Standards and Accreditation Program. The honor was presented at the 2004 NAIC Spring National Meeting. “We hold our state insurance regulators …
Seattle-based Safeco Corporation announced it has entered into a definitive agreement to sell its life and investments operations to a group of investors led by White Mountains Insurance Group Ltd., and Berkshire Hathaway Inc. The sale includes Safeco Life & …
The Independent Insurance Agents and Brokers of Orange County Board of Directors announced that their upcoming I-Day scheduled for Friday, April 9th has been rescheduled to Thursday, April 29th. The event will take place at the Hilton Costa Mesa. Contact …
Beginning March 25, 2004, the Ariz. Department of Insurance will open its Flagstaff office every Thursday for northern Ariz. residents seeking licensing services and general insurance consumer assistance. Services are available at the following times and location: State of Arizona, …
A proposal to ban use of credit-based insurance scores (HB 1292) would do severe harm to, and cause unintended consequences for, Colorado consumers, according to the American Insurance Association (AIA). “Removing credit information from the insurance rating and underwriting process …
