April 5, 2004
Joey Buttafuoco, whose 17-year-old lover became known as the “Long Island Lolita” after shooting his wife in the face, has been sentenced to a year in jail for auto insurance fraud. Buttafuoco, 48, pleaded guilty to a single felony count …
April 5, 2004
A Hyannis man has been found guilty and sentenced to jail for working as a laborer while collecting $7,000 in workers’ compensation benefits, Attorney General Tom Reilly announced. Mark Gomes of Hyannis, was found guilty on one count of workers’ …
April 5, 2004
State insurance commissioners are vowing to crack down on unauthorized health insurance plans with a campaign to educate consumers about illegal sales. In its recent meeting in New York City, the National Association of Insurance Commissioners (NAIC) finalized plans for …
April 5, 2004
The New York Insurance Departments announced its “Top 10” list of worst cases of insurance fraud in the state for 2003: MURDER—A Brooklyn man was accused of staging an accident that resulted in the death of a Queens grandmother. He …
April 5, 2004
One of the most contentious issues surrounding homeowners insurance this year is insurer use of prior loss history databases. Although spurned in the press as the “new database used to cancel policies” or the “secret insurer database,” these databases are …
April 5, 2004
Independent agents are up in arms over the federal government’s decision to expand a pilot program they say threatens to cut them out of the crop insurance loop. The Risk Management Agency (RMA), the U.S. Department of Agriculture organ that …
April 5, 2004
IIABA Close to Announcing New Nationwide High Risk Homeowners Program Independent agents with coastal properties, there may be a life preserver thrown your way soon. The Independent Insurance Agents and Brokers of America (IIABA) is hoping to close a deal …
April 5, 2004
Virginia has moved a step closer to allowing physicians in high risk fields to purchase medical malpractice insurance from the state’s risk management office. A measure, S. 601, has passed initial rounds in the General Assembly and is expected to …
April 5, 2004
The avian flu virus cost giant Perdue Farms and Mountaire Farms as well as a number of individual poultry growers dearly in thousands of destroyed chickens, considerable clean up costs and lost income. Perdue and Mountaire may recover some of …
April 5, 2004
New York Senate Majority Leader Joseph L. Bruno’s plan to help save local property taxpayers billions of dollars includes municipal liability reforms. The Republican’s municipal plan would repeal joint and several liability, limit jury awards to $250,000 and extend Court …