Monthly Archives: <span>June 2011</span>

Morante Named to Senior Post at Michigan Insurance Office

Teri Morante has been named senior deputy commissioner in the Michigan Office of Financial and Insurance Regulation (OFIR) by Commissioner Kevin Clinton. Morante will be responsible for overseeing OFIR’s Consumer Services, Licensing and Product Review and Policy Divisions. Morante most …

Florida Gov. Scott Signs Surplus Lines Bill

Florida is prepared to join other states around the country in bring its surplus lines business in line with the federal Nonadmitted and Reinsurance Reform Act. Governor Rick Scott signed SB 1816 into law authorizing the Florida Office of Insurance …

Rhode Island Radio Host, Ex-Politician to Admit to Fraud

A Rhode Island radio personality and a former North Providence town council president are set to admit to taking part in an insurance fraud scheme. Lori Sergiacomi — known on air as Tanya Cruise — and Robert Ricci are scheduled …

Two Diamond Dealers Get Prison in Fake NYC Heist

Two diamond dealers will spend more than a year in prison after being convicted of staging a heist in hopes of snaring insurance money to save their failing New York City business. Mahaveer Kankariya and Atul Shah were sentenced Friday …

License Plates Proposed for NYC Bike Messengers

A New York City councilman is introducing legislation that would require bike license plates for messengers and food delivery people. The Daily News reports that the bill would require businesses that hire cyclists to obtain license plates for each worker’s …

North Carolina House Passes Workers’ Compensation Changes

The North Carolina House of Representatives has approved changes to rules governing workers’ compensation claims. The House chamber voted Tuesday in support of a consensus bill whose chief sponsor said came together after weeks of negotiations with groups representing employers, …

U.S. Cuts Premiums for High Risk Plans, Begins Paying Brokers

Premiums for new federal health insurance plans that cover high-risk people with pre-existing conditions will drop by as much as 40 percent, federal health regulators said Tuesday. The government also will begin paying brokers and agents for connecting people with …

Massachusetts Jury Rejects Claim Against Cigarette-Maker

A Massachusetts jury has found that Phillip Morris Inc. was not responsible for the death of a longtime smoker whose family claimed the company’s cigarettes could have been made safer. The Worcester Superior Court jury returned its verdict Thursday after …

Southern Calif. Insurance Women Association Elects Officers

The South Bay(California) Chapter of the National Association of Insurance Women (International) elected its officers for the 2011-2012 term, beginning July 1. President Gina Thomas Patterson, marine account manager with Roanoke Trade Services Inc. in Long Beach, Calif., was elected …

Best Affirms Selective Group’s ‘A+’ Ratings; Maintains Negative Outlook