January 10, 2006
An insurance industry consulting firm has agreed to pay $2 million in restitution after taking payments from MetLife Inc., Prudential Financial Inc. and UnumProvident Corp. to steer customers to those companies, New York officials said. San Diego-based Universal Life Resources …
January 10, 2006
Broadspire, a Platinum Equity company and provider of casualty and disability claims management services, has sold its NATLSCO risk and safety division to Bureau Veritas. Bureau Veritas, a global company that specializes in quality, health, safety and environmental services, is …
January 10, 2006
Tustin, Calif.-based National Advantage Insurance Services Inc. has added a new market for monoline truck physical damage and/or non-trucking auto liability coverage in California, Arizona, Oregon, Texas, Alabama, Georgia and Tennessee. This is an admitted, A.M. Best carrier with the …
January 10, 2006
California’s State Compensation Insurance Fund and Humboldt Builders’ Exchange Inc. is hosting a Business Loss Prevention seminar free to employers, brokers and the general public. The seminar is designed to help employers protect their businesses from crimes that can result …
January 10, 2006
A Florida corporation and its owner selling fraudulent contracts for home health care services to senior Floridians has been sued by Attorney General Charlie Crist. Clearwater-based Intrust Home Care and its president, Roy F. Fitzgerald, are accused of taking more …
January 10, 2006
A San Joaquin County, Calif., Superior Court Judge has ordered Lodi resident Joseph C. Campbell, 39, to pay $117,000 in restitution to California’s State Compensation Insurance Fund, as a result of his conviction on felony workers’ compensation fraud. The restitution …
January 10, 2006
Glendale, Calif.-based S.I.U., LLC has promoted Angela C. Urrutia executive vice president of the company. S.I.U., LLC operates as a managing general agency and underwrites property DIC in California.
January 10, 2006
The Kansas Department of Insurance recently estimated that nearly 10 percent of the state’s two million drivers are on the roads without the required coverage. Kansas lawmakers have taken those numbers seriously and plan to introduce bills to address the …
January 10, 2006
Midwestern Congressmen are wasting no time in the joining the mad march to fill former House Majority Leader Rep. Tom Delay’s (R-Texas) spot since the announcement of his resignation. Rep. Roy Blunt (R-Missouri), the GOP whip, who has served temporarily …
January 10, 2006
Stone Point Capital LLC reported the capitalization of Mercator Risk Services Inc. (www.mercatorrisk.com) a newly formed, independent wholesale insurance broker. Trident III L.P., a private equity fund managed by Stone Point Capital, will be the lead investor in Mercator, along …