Monthly Archives: <span>June 2012</span>

Chartis Introduces Loss Prevention Services for Private Client Group Yacht Clients

Chartis has introduced a suite of loss prevention services for yacht insurance clients within its U.S. Private Client Group. Claims experience on Private Client Group policies underwritten by Chartis insurers has shown that the most common cause of reported yacht …

Kentucky Governor Promoting New Drug Law for Miners

Kentucky Gov. Steve Beshear is promoting a newly passed law that permanently revokes the credentials of miners who fail drug tests. Beshear was in Pikeville on Tuesday where he said the law sends a clear message that drug and alcohol …

Penn. Man Sentenced for Staging 15 Car Crashes for Insurance Money

An Erie, Pennsylvania, man has pleaded guilty and been sentenced for heading a fraud ring that staged auto accidents to collect about $37,000 from insurance companies. The Erie Times-News reports 38-year-old Edgar Rodriguez was sentenced to six to 23 months …

Mississippi Man Jailed for Insurance Fraud

A 31-year-old Jones County, Miss., man is jailed on an insurance fraud charge. The state attorney general’s office told the Hattiesburg American, Terrell McAndrews of Heidelberg has been indicted and arrested on one count of insurance fraud following indictment by …

Pirates Shoot Grenades, Guns at Gas Tanker off Oman

Pirates fired guns and rocket-propelled grenades at a liquefied natural gas tanker off the coast of Oman on Wednesday, and three shots hit the vessel, the International Maritime Bureau’s anti-crime arm said. “Pirates in a dhow armed with guns and …

The Business of Insuring Correctional Facilities

Montana State Prison inmate files suit for $2.2 million in federal court after he injures a toe when his foot got caught in a grain auger at the prison dairy. A Howard County, Indiana, inmate files a lawsuit claiming the …

Chris Becomes First Hurricane of Season – No Threat to Land

The most recent bulletin from the National Hurricane Center in Miami confirms that tropical storm Chris has strengthened into a “category one hurricane on the Saffir-Simpson hurricane wind scale,” the first of the present season. Hurricane Chris was located about …

Rise of Gadgets Doubles Costs of Lightning Damage – I.I.I.

The cost of insurance claims for lightning strikes nearly doubled between 2004 and 2011, even as the actual number of claims shrank dramatically, and an industry trade group says fancy new TVs and videogame consoles are to blame. The Insurance …

Nebraska Insurance Agent Pleads Guilty to Mail Fraud

One of three former Grand Island, Neb.-based insurance agents accused of defrauding more than 250 investors out of $29 million has pleaded guilty. The Grand Island Independent reported that Kenneth Mottin, of St. Libory, pleaded guilty to mail fraud. Mottin, …

Watkins Elected President of the Independent Insurance Agents of Texas

The Independent Insurance Agents of Texas (IIAT) elected Patrick Watkins, president of Watkins Insurance Group in Austin, to serve as president for 2012-2013 during IIAT’s 115th Annual Conference and Trade Show in San Antonio. Beginning his duties on Sept. 1, …