Louisiana Department of Insurance Fraud Unit investigators served a former insurance agency employee with a cease and desist order barring her from working in the insurance business in the state, Insurance Commissioner Robert Wooley announced. Investigators served Susan Poston, 27, …
Austin-based Texas Mutual Insurance Company reported that Henry Prince of Houston has pleaded guilty to workers’ compensation fraud-related charges and must pay restitution to the insurer. The Travis County 147th District Court sentenced Prince to six months’ deferred adjudication and …
Some New Mexico consumers will share in a $40 million settlement between states and State Farm Mutual Insurance Company. State Farm failed to properly title some vehicles for salvage, Attorney General Patricia Madrid said. “Recognizing its error, State Farm approached …
An overview of property and casualty issues, homeowners, commercial property, PIP, medical malpractice and workers’ compensation have been presented to Florida legislative committees by Gary Guzzo, Florida Insurance Council lobbyist. The presentation was part of legislative committees’ preliminary preparations for …
CDS Business Mapping LLC, a provider in online property risk mapping, has added The District of Columbia, Delaware, Louisiana, Maryland and Virginia, to its Distance to Fire Station report on the RiskMeter Online (www.RiskMeter.com). This brings the total number of …
At a time when the insurance industry is grappling with when and how to disclose more information to consumers, the nation’s chief banking regulator has suggested that the disclosure system now used by banks is about to collapse from the …
Encino, Calif.-based NAS Insurance Services has appointed Jeannie Davila as assistant vice president in charge of its new E&S Property Insurance facility. Davila brings thirty years of insurance experience to her new post. Previously, she was regional president of DIC …
According to an analysis of 1,475 public company proxies, Aon has found that increased scrutiny over corporate governance and the passage of Sarbanes-Oxley have not come without a price. A recent study showed that Board of Directors compensation has increased …
Hal Conditt has joined Beecher Carlson Holdings Inc. of Atlanta, Ga. as vice president of sales and business development in the company’s Nashville office. Conditt will focus on large and middle market account sales. Conditt has 13 years experience in …
U.S. tort costs reached a record $246 billion in 2003, or approximately $845 per person, according to U.S. Tort Costs: 2004 Update from the Tillinghast business of Towers Perrin. This represents a 5.4 percent increase in tort costs from 2002 …
