Monthly Archives: <span>March 2005</span>

Brothers Arrested in Auto Insurance Premium Scam

Carlos Vasquez-Marquez and Jose Miguel (Mike) Marquez, of Rancho Palos Verdes, have been arrested and charged with seven felony counts of grand theft. The arrests are the result of a 20-month investigation conducted by the California Department of Insurance, Los …

Fla. Homeowner Arrested for False Hurricane Claim

A Cocoa Beach, Fla. homeowner is facing a felony charge for filing a false insurance claim allegedly claiming that renovation work to his home was the result of hurricane damage. Robert Milliken of 744 S. Orlando Ave. # 709 was …

Boston-Based Broker IIG Wastes No Time Inviting Marsh’s Unwanted Accounts

Marsh doesn’t want them but Jerry Alderman and Mike Neville will gladly take them. Marsh Chief Executive Officer Michael Cherkaksy recently announced his firm’s intention to stop writing certain large and middle market accounts as part of its plan to …

Conn. Weighs Employer Health Fund Fee

Companies in Connecticut with 100 or more employees could be forced to pay a fee to help cover their workers’ health insurance expenses if they don’t already offer coverage, under a preliminary legislative proposal announced this week. The plan was …

Vermont Reports Decline in Teen Driver Fatalities

The number of Vermont teenagers who died in traffic crashes has declined sharply to where the state has one of the lowest death rates in the country. Highway safety officials credit the new “graduated” licenses law as the reason. The …

DVUA Announces Management Reassignments

Edward Levy, president and chief executive officer of Delaware Valley Underwriting Agency Inc. in Hatboro, Pa., announced new management assignments effective immediately. Rita Hanebury assumes responsibility as vice president/manager. Hanebury’s previous title was vice president/assistant manager. She will continue to …

Stark Insurance Services Becomes 1,600th SIAA Member

Stark Insurance Services of Buckhannon, W.V. has become the 1,600th Independent Strategic Agency in the Strategic Independent Agents Alliance of Hampton, N.H. Stark joins the Mountain State Agency Alliance Master Agency network, a division of Ramsey Insurance Agency, Inc. in …

New House Bill to Extend TRIA Introduced as Deadline Looms

The House of Representatives has introduced legislation that would extend the Terrorism Risk Insurance Act (TRIA), which is set to expire at the end of 2005. The proposal, H.R. 1153, would keep a federal terrorism reinsurance backstop in place while …

San Antonio Man Pleads Guilty to Comp Fraud

Texas Mutual Insurance Company reported that Kevin Savage of San Antonio has pleaded guilty to workers’ compensation fraud-related charges. According to Texas Mutual, the Travis County 147th District Court sentenced Savage to a one-year suspended jail term, 18 months of …

Long-Term Care Insurance Guide Available in La.

Louisiana Commissioner of Insurance J. Robert Wooley announced that a 2005-2006 Long-Term Care Insurance Comparison Guide has been published by the Louisiana Department of Insurance’s Senior Health Insurance Information Program (SHIIP). The updated guide is designed to give consumers a …