Homeowners with unresolved hurricane damage claims will have a chance next month to discuss their concerns in town hall meetings hosted by Tom Gallagher, Florida’s CEO. The first meeting is tentatively scheduled in Pensacola March 2. Gallagher said he is …
Mayfield Village, Ohio-based vehicle insurer Progressive Corp. saw net written premiums and net premiums earn up in January, but its profit margin was down 8 percent from January 2004. The company, which says it sells more vehicle insurance through independent …
The West Virginia Insurance Federation has announced that its members have endorsed the findings of a recently released West Virginia Insurance Commission report calling for elimination of private third party cause of action lawsuits brought under the Unfair Trade Practices …
State government agencies in Louisiana hope to encourage citizens to report fraud by starting a statewide “Stamp Out Fraud” hot line, the Associated Press reported. The toll free number gives Louisiana residents someone to call with allegations of anything from …
Standard & Poor’s Ratings Services announced that it is taking no action on its ratings on American International Group Inc. (currently rated “AAA”/Negative/”A-1+”) following the announcement that the company received subpoenas from the Office of the Attorney General for the …
The Texas Department of Insurance, working in conjunction with the Collin County District Attorney’s Office, announced an indictment against Don Bauer of Plano for insurance fraud. Bauer, who had not held a valid chiropractor license since 1996, allegedly billed insurance …
The Texas Workers’ Compensation Commission reported the Texas Senate has confirmed William A. Ledbetter, Jr. to serve as an Employer Commissioner of the TWCC. Gov. Rick Perry appointed Ledbetter to the Commission in April 2004. The Commission’s board is composed …
Last week, Sens. Judd Gregg (R-N.H.) and John Ensign (R-Nev.) introduced federal legislation that would provide assistance to medical professionals facing skyrocketing medical liability premiums. The Help Efficient, Accessible, Low-Cost, Timely Healthcare (HEALTH) Act of 2005 will place a $250,000 …
An insurance company is refusing to cover losses at WebMD, asserting it has no responsibility because senior executives knew about the kickback scheme at the health information and transaction firm. The insurer, Fidelity and Deposit Co. of Maryland, claimed that …
ProBuilders Specialty, a risk retention group managed by NationsBuilders Insurance Services, has entered a number of the New England states to offer contractors’ general liability coverage. The program will be offered through NBIS preferred wholesaler Conifer Insurance Agency of Peabody, …
