Yearly Archives: <span>2013</span>

Amid Criticism, Minnesota Health Insurance Exchange Chief Resigns

The chief of Minnesota’s health insurance marketplace resigned Dec. 17 after facing criticism over the troubled rollout and a questionably timed international vacation. April Todd-Malmlov submitted her resignation during an emergency closed session of the government board of MNsure, Minnesota’s …

Farmers Sues Radiological Corporations for $3 Million

Los Angeles-based Farmers Insurance Exchange filed a lawsuit in the Superior Court of California against two radiological corporations and their owners for allegedly submitting false documentation to get paid for services they didn’t provide. The civil complaint seeks restitution for …

California’s $1.1B Paint Ruling Could Prompt More Suits

Paint makers could face a surge of lawsuits after a California state court judge ordered three companies to pay $1.1 billion to help government agencies get rid of lead from an estimated 5 million homes in the state. The ruling, …

Tougher Drunk Driving Laws on Way in Colorado

Colorado drunk driving laws are about to get tougher in 2014. Starting on Jan. 1, any Colorado driver who refuses a sobriety test will be branded a persistent drunk driver. If they want their driver’s license back under a one-year …

New York to Provide $4M Grant Funding to Fight Auto Theft, Insurance Fraud

New York Gov. Andrew Cuomo announced the state will provide nearly $4 million in grant funding to 29 local police departments, district attorneys’ offices and other agencies in the state to combat motor vehicle theft and insurance fraud. Gov. Cuomo …

Surplus of Capital Continues to Temper Property Rates: Marsh

The surplus of capital among insurers and reinsurers continued to have an overall softening effect in the U.S. property insurance market through the third quarter of 2013, Marsh said in a report. For the first nine months of 2013, U.S. …

AmWINS CEO DeCarlo Named 2014 Honoree of City of Hope Charity

The City of Hope and the National Insurance Industry Council said M. Steven DeCarlo, CEO of Charlotte, North Carolina-based AmWINS Group Inc., will be honored at the NIIC’s 2014 Spirit of Life Award dinner for City of Hope on Saturday, …

Agents Say Getting More Carriers to Offer ‘Real Time’ Is Among Top Tech Priorities

The industry should place its highest priority on “getting additional carriers to offer real-time capabilities,” according to a survey of insurance agency and brokerage professionals in the United States and Canada. Nearly half (47%) of respondents to the Real Time/Download …

Judge Allows Investors’ Class Action Against Facebook, Underwriters Over IPO

Facebook Inc. and the underwriters of its May 2012 initial public offering must face a class-action lawsuit by investors claiming the company misled them about its financial condition, a judge ruled. U.S. District Judge Robert Sweet in Manhattan rejected arguments …

Toyota Camry Improves in Insurance Safety Test

Toyota Motor Corp.’s Camry, headed for its 12th consecutive year as the best-selling car in the U.S., returned to Consumer Reports’ recommended list after showing improvement on an insurance-industry crash test. The Yonkers, New York-based magazine excluded Camry in October …