The Allstate Corporation said in a written statement this week that adoption of a new policy will strengthen the company’s corporate governance practices. The new policy will require any nominee for director who receives more votes withheld from election than …
Embattled hospital leaders, who have been talking internally for three months about a CBS 60 Minutes news segment on hospitals that overcharge uninsured patients, will finally be able to view the segment this Sunday, March 5. “Hospital associations and industry …
Louisiana Commissioner of Insurance Jim Donelon recently issued two directives designed to further protect consumers impacted by Hurricanes Katrina and Rita. Directives 195 and 196 are the latest directives issued by the Louisiana Department of Insurance that relate specifically to …
Maryland Attorney General J. Joseph Curran, Jr., reported that Mark Jason King, 35, of Brandywine, Maryland received a probationary disposition after his plea of guilty to one count of felony insurance fraud. He was placed on 18 months supervised probation …
A Malden, Massachusetts man was convicted recently in federal court of mail fraud and making false statements to a federal agency. United States Attorney Michael Sullivan, Robert Panella, assistant special agent In Charge of the Office of Labor Racketeering and …
Connecticut consumers will benefit from increased competition, which puts downward pressure on insurance premiums, if the Legislature moves the state’s insurance regulatory system from prior approval to “flex rating,” according to the Property Casualty Insurers Association of America (PCI). Flex-rating …
Oklahoma Insurance Commissioner Kim Holland announced she has successfully petitioned the Oklahoma County District Court for an early distribution of funds to Oklahomans defrauded or owed money by now defunct AmCare Health Plans of Oklahoma Inc., a Health Management Organization …
Willis Group Holdings Limited reported the acquisition of Gueits, Adams & Company. Located in New York City, Gueits, Adams specializes in jewelers block insurance and has annualized revenues of approximately $4 million. Terms are not disclosed. The transaction was effective …
Pennsylvania Attorney General Tom Corbett reported that criminal charges were filed against two Solanco High School teachers accused of deceiving State Farm in a fraudulent insurance claim for less than $800 to repair a wrecked snowmobile. Corbett said investigators with …
Grange Insurance will offer its Identity Theft victim resolution and education program coverage to auto policyholders in Ohio. The program is being offered in partnership with Identity Theft 911, a national fraud solutions provider for insurers, financial institutions and Fortune …
