Shielding Medicaid providers from lawsuits for negligent acts could cost Florida’s taxpayers an estimated $69 million per year in payments for private provider’s mistakes, according to a new report. Florida CFO Alex Sink sought the report after the Florida Legislature …
Wood Gutmann & Bogart Insurance Brokers headquartered in Tustin, Calif., has announced the formation of Silicon Valley Risk and Insurance Services. David Wright, a 25-year veteran in the insurance industry and former vice president/shareholder of InterWest Insurance, will be the …
The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) has set at 3.8 percent the workers’ compensation interest and discount rate for the first quarter of 2011. This rate is computed by using the treasury constant maturity rate for …
The economic crisis might have had a hand in pushing people to commit insurance fraud. However, it isn’t entirely to blame, according to the National Insurance Crime Bureau. Nationwide, there has been a 12 percent increase in questionable insurance claims, …
It has been a challenging few years for those in the excess and surplus (E&S) lines insurance market. An endless soft market, extreme competition from the standard markets, and a bad economy left wholesale and retail agents scrambling to retain …
As California’s third elected insurance commissioner, Steve Poizner has had a wealth of accomplishments. Among other things, he: reduced the Department of Insurance’s operating budget by 13 percent, which allowed him to reduce fees for agents, brokers and insurers and …
Some insurance companies that use computerized systems to process their claims are making unfair, “low-ball” claims offers to people injured in automobile accidents, according to a consumer advocacy group. The Consumer Federation of America (CFA) is warning Americans that Colossus …
A New Mexico Court of Appeal has ruled that a Las Cruces city employee who fell off a garbage truck while intoxicated is still eligible to collect workers’ compensation insurance benefits for his injuries. According to court documents in Edward …
Wood Gutmann & Bogart Insurance Brokers announced it has completed the acquisition of the assets from Barlocker Insurance Services of Carlsbad, Calif. Barlocker Insurance Services was formally affiliated with the Leavitt Group. Terms of the acquisition were not disclosed. The …
The Oklahoma Bar Association’s board of directors has voted to reimburse several Oklahomans who were the victims of deceased or dishonest attorneys. The association announced its Clients’ Security Fund will pay more than $100,000 in claims to 23 clients of …
