Monthly Archives: <span>February 2014</span>

Penn. Man Charged With Theft of $630K in Insurance Funds

The U.S. Attorney’s Office for the Middle District of Pennsylvania announced on Feb. 7 that criminal charges have been filed against Derl Knarr of Herndon, Penn. According to authorities, Knarr, age 55, is charged in a one-count felony. Authorities said …

Louisiana’s Jefferson Parish Found Negligent in Hurricane Katrina Flood Case

A jury has found Jefferson Parish government negligent in the way it drafted and enacted a plan that evacuated drainage pump operators on the eve of Hurricane Katrina’s landfall in Louisiana but ruled the parish was not responsible for subsequent …

Guarantee Insurance Co. Entering Texas Workers’ Comp Market

Guarantee Insurance Co., a monoline workers’ compensation insurance subsidiary of Florida-based Patriot National Insurance Group Inc., is expanding into Texas. Patriot National said the addition of Texas increases Guarantee’s presence in the Midwestern states and further supports the company’s expansion …

Bill Would Regulate South Dakota Insurance Exchange Navigators

The navigators who help uninsured people sign up for insurance under President Barack Obama’s health care overhaul would be regulated under a bill in the South Dakota Legislature. The sponsor, Sen. Al Novstrup, acknowledges that he opposes the Affordable Care …

Ohio Regulators Save or Recover $23.5M for Insurance Consumers in 2013

The Ohio Department of Insurance reported that it helped save or recover $23.5 million for Ohio consumers in 2013 while assisting nearly 200,000 Ohioans mainly through its toll-free hotlines, community outreach efforts and counseling sessions. The department’s savings and recovery …

P/C Insurers’ Net Income Up 60%, Combined Ratio at 97.6 for 2013: A.M. Best

A relatively quiet year for catastrophes helped the U.S. property/casualty industry achieved an underwriting profit for the first time in four years, according to A.M. Best. The industry managed its way to a nearly 60 percent increase in net income …

Mass. Man Charged With Fraudulently Collecting $28K in Comp Benefits

A Quincy, Mass., man has been indicted on charges he fraudulently collected more than $28,000 in workers’ compensation benefits while working under a false identity, authorities announced. Paulo DaSilva, 53, is charged with Workers’ Compensation Fraud and Larceny Over $250, …

ACE Recreational Marine Introduces Policy Discount for Safety-Concious Boat Owners

ACE Recreational Marine, a nationwide recreational marine insurance provider and part of ACE Group, has introduced an optional endorsement that waives coverage for storm surge damage for those boat owners who are willing to move their vessels out of harm’s …

New Mexico Woman Settles Solitary Confinement Suit

A woman who says she was kept in a filthy, isolated New Mexico jail cell for months at a time has reached a $1.6 million settlement with Valencia County, attorneys for both sides confirmed. The settlement came after an attorney …

Alaska City Says No to Schools Insurance Pool

Fairbanks North Star Borough officials have appealed to the Interior delegation to block a bill that would require Alaska school districts to pool employee health insurance plans. Senate Bill 90, sponsored by Sen. Mike Dunleavy, R-Wasilla, has been billed as …