North Dakota Insurance Commissioner Jim Poolman today issued a cease and desist order against Choice Benefits, a Houston, Tex.-based company marketing “discount health plans.” Choice Benefits, which has advertised in violation of a new state law aimed at curbing abuses …
A.M. Best Co. has assigned indicative ratings of “a-” to senior unsecured debt securities, “bbb+” to subordinated unsecured debt securities and “bbb” to class A preferred shares of ING Canada Inc.’s (Ontario) recently filed CAD 1 billion preliminary short form …
Michael P. McNamee has been named vice president of business planning and analysis for Harleysville Insurance. In this position, he is responsible for the development of the company’s annual business plan, financial modeling and forecasting of results, and monitoring the …
A neurologist can’t be sued over a car crash in which his patient, who had a seizure disorder, blacked out and caused a car crash that killed a woman and her pregnant daughter, an appeals court ruled. The Pennsylvania Superior …
Beazley, an insurer of specialty coverages, is offering an employment practices liability (EPL) policy to U.S. clients with up to 10,000 employees. The new policy will be offered in the admitted market and underwritten in the United States by Beazley …
The U.S. House of Representatives is weighing legislation to protect contractors who respond to declared federal, state and local emergencies or disasters from lawsuits arising out of their volunteer efforts. The provision was applauded by the Associated General Contractors of …
A state audit has found Insurance Commissioner Jim Long and his deputies should have more closely monitored questionable expenses from a trust for insolvent insurance companies on meals, travel, computers and other items. According to the Raleigh News & Observer, …
Two more City of Albany sanitation workers have been arrested in a huge insurance scam ring. Their arrests bring to 14 the number of people arrested since last Thursday. Jonathan West surrendered on Tuesday morning to face insurance fraud charges; …
Hurricane Ophelia resulted in damages to North Carolina’s agricultural industry amounting to $19.6 million, based on reports tabulated from 13 counties. According to the North Carolina Department of Agriculture and Consumer Services, affected crops include corn, cotton, peanuts, soybeans, sweet …
An automated computer program that enables an insurance policy to be evaluated, based on the actual value of a home and to establish adequate insurance-to-value is now being used by Poe Financial Group of Tampa, Fla. “The 2004 hurricane season …
