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

Supreme Court Rules on Insurers’ Credit Reporting Notification Cases

The Supreme Court sided with two insurance companies Monday in a case involving alleged violations of the Fair Credit Reporting Act. The law requires insurance companies and other businesses to notify customers who are charged more because of their credit …

Ga. Governor Requests Presidential Emergency Declaration

Gov. Sonny Perdue sent a letter to the president requesting an emergency declaration for all 21 Georgia counties impacted by the continual widespread threat of drought and wildfires that has consumed more than 490,000 acres. “The affected local governments and …

Florida Welcomes Insurers to Anxious Market

Eight new insurers entered the property and casualty insurance marketplace in Florida since January 1, 2007 according to the Florida Office of Insurance Regulation The insurers represent a variety of insurance entities including surplus lines, alien, foreign, and domestic property …

Chicago CNA Insurance CEO to Present National Safety Award

On Monday, June 11, CNA insurance will present its “Excellence Award” to Fresenius Medical Care North America for the ninth consecutive year. According to a CNA statement, the award recognizes a company’s national leadership and dedicated commitment to employee health, …

Minn. Insurers Seek Ways to Keep Recent Grads Covered

More than 98,200 Minnesotans between the ages of 18 and 24 don’t have health insurance, partly because of a state law that says a child can be covered by parents’ insurance only until age 18, or until age 25 if …

Ratings Recap: Tower; Preserver; Agrinational

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer ratings (ICR) of “a-” of Tower Group Companies and its members – Tower Insurance Company of New York and Tower National Insurance Company (Massachusetts). …

Ratings Roundup: CCR; PICL; AXA (Netherlands); MedQuake; Fondiaria-SAI; SNS Reeal

A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of France’s Caisse Centrale de Reassurance (CCR) with a stable outlook. “The ratings reflect CCR’s unique position as the main reinsurer …

W. Va. Woman Pleads Guilty to Insurance Fraud Charges

Andrea R. Renquest pleaded guilty in Harrison County, W. Va. to one felony count and one misdemeanor count of insurance fraud. Renquest, 23, of Clarksburg, W. Va., admitted May 29 that she obtained a controlled substance by misrepresentation, a felony, …

L.A. Governor: Up to $700 Million in State Money Found for Damaged Homes

Louisiana Gov. Kathleen Blanco said her administration has found up to $700 million in state money to put into Louisiana’s grant program for rebuilding hurricane-damaged homes, which faces a deficit of as much as $5 billion. The announcement Saturday marked …

N.D. Workers’ Comp Officials Appear in Court on Felony Charges

The executive director of the North Dakota State Workers’ Compensation agency and an agency investigator were released after their first court appearances last week on felony charges involving questionable spending and possible illegal use of driver’s license photos. Workforce Safety …