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

Doctor Liability Insurer MAG Mutual Names Wilson Chairman, CEO

Medical professional liability insurance company MAG Mutual Insurance Co. in Atlanta has named cardiologist Joseph S. Wilson Jr., M.D. as chairman and chief executive officer. Wilson moves from serving patients to serving more than 17,000 physician policyholders across the Southeast. …

Auto-Glass Installer Sentenced in $1.6 Million Insurance Fraud

A Burien, Wash., auto glass company owner has been sentenced to jail for a billing scheme that’s believed to have cost insurers more than $1.5 million, reports the state insurance commissioner. Michael Alan Perkins, 44, pleaded guilty to three counts …

Texas Gov. Signs Windstorm Bill, Measure Affecting Surplus Lines

Legislative measures passed during the special session of the 82nd Legislature that impact the insurance industry in Texas have been signed by the governor. On July 19, Gov. Rick Perry signed Senate Bill 1 and Senate Bill 2, which finalize …

9/11 Families Seek Meeting on News Corp. Phone Hacking Reports

Relatives of victims of the Sept. 11 attacks have asked to meet the FBI and the U.S. Justice Department to discuss the agencies’ preliminary inquiry into reports that News Corp. reporters may have tried to hack the phones of 9/11 …

Nevada Joins Multistate Insurance Tax Sharing Plan

The Nevada State Board of Examiners has approved a plan to have Nevada join into a program with other states to share insurance tax revenues, according to Nevada newspapers. The Board took the action on Wednesday, with the support of …

Farmers, CEO Honored for Work with City of Hope Hospital

City of Hope hospital and research center’s National Insurance Industry Council is acknowledging Farmers Insurance and its chief executive officer, Bob Woudstra, at an annual gala being held on Nov. 12, at the Ronald Reagan Presidential Library and Museum, in …

Floridians Await Chinese Drywall Settlement Monies

Florida residents whose homes were built by inferior Chinese drywall stand to gain a total of $55 million, but no one can say right now how much any individual homeowner might actually collect. A federal judge approved a class-action settlement …

Minnesota Governor Signs Budget, Ends State Shutdown

Minnesota Gov. Mark Dayton ended America’s longest state government shutdown in the past decade on July 20 by signing a new budget. Dayton’s signature came just hours after lawmakers gave their own approval to the deal after meeting in special …

Florida Names Westcott as Insurance Consumer Advocate

Florida Chief Financial Officer Jeff Atwater said he is naming Robin Westcott, an attorney and longtime insurance watchdog, to the post of Insurance Consumer Advocate. Westcott began her career in 1993 with the Florida Department of Insurance, Division of Rehabilitation …

Insurance a Part of Minnesota Congressman’s Proposed Dairy Subsidy Reforms

When milk prices plummeted in 2009, wiping out years of savings and causing hundreds of dairy farms to go under, struggling farmers pleaded for the government to do something to help stabilize prices and inspire growth. They may soon get …