Monthly Archives: <span>June 2007</span>

N.C. Man Arrested in Workers Compensation Scheme

North Carolina Insurance Commissioner Jim Long announced the arrest of Eric Stanley Stokes, charged with one count of obtaining property by false pretense. Stokes, 43, of 5914 Hidden Meadow Ln., Charlotte was processed at the Mecklenburg County jail and released …

New president takes over…

Company energized with aggressive growth plans through acquisition Chicago, IL – American Patriot Insurance Agency, Inc., a Chicago based company, is pleased to announce the promotion of Mr. Mike Schoch to the position of president. In his new position, Mr. …

Industry Supports Terror Bill But Not All Agree with NBCR Mandate

At a June 21 congressional hearing in Washington, D.C., insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10 years. The Bush administration opposed this extension …

Lake Tahoe Fire Estimated to Incur More than $25 Million in Losses

A wildfire in Lake Tahoe, Calif., that has destroyed at least 220 homes and forced about 1,000 people to flee their neighborhoods along the Lake’s southern edge as of Monday is anticipated to incur more than $25 million in insured …

Rain Batters Britain

Rainstorms battered Britain on Monday, killing one man who became trapped in a flooded manhole, rescue workers said. The storm was expected to dump as much as three inches (75 millimeters) of rain on a country already soggy from an …

Married Insurance Agents Charged in $750,000 Fraud Scheme

Tanya Cornelia Dampier and her husband, Charles Ray Dampier, both former insurance agents in Rancho Cucamonga, Calif., have been arrested for attempting to defraud at least 13 insurance companies of more than $750,000, according to the California Department of Insurance. …

Ind. Passes Tougher Seat Belt Laws, Cigarette Tax Hike

Indiana lawmakers decided that smokers will pay more to puff and almost everyone will be required to wear seat belts under dozens of new state laws that take effect on June 24. Legislators raised the cigarette tax for the second …

Van Gilder Names Nelson Executive VP of Sales and Business Development

Craig J. Nelson has been named executive vice president of sales and business development for Van Gilder Insurance Corp., the largest privately owned insurance brokerage firm based in Denver. Nelson recently joined Van Gilder as a senior vice president with …

E.L.M. Insurance Brokers offers Comprehensive Coverage Care

ELM Insurance Brokers Inc. of El Segundo, Calif., has rolled out a new suite of products, called Comprehensive Coverage Care, that includes directors and officers, employmen practice (with optional third-party extensions to eligible insureds, fiduciary liability, crime and professional liability …

Fla. Gov. Launches ‘Shop and Compare Insurance Rates’ Web Site

Gov. Charlie Crist launched “Shop and Compare Rates” today, a Web site that assists consumers comparing homeowners insurance rates throughout Florida. “Many Florida homeowners find it difficult and frustrating to compare the cost of homeowners insurance,” Crist said. “This site …