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

Texas Agent Faces 10 Years in Prison for Insurance Fraud Conviction

A Fort Worth man faces ten years in federal prison following a conviction for insurance fraud, the Insurance Department of Texas reported. Caleb Deason, an insurance agent for Transamerica Life Insurance Co., was convicted on charges of wire fraud and …

Gerhart: U.S. Has a Good Story to Tell at the Global Insurance Symposium

The state of Iowa on May 20-22, 2014, will host its first ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the challenges facing the global …

Congress Should Help, Not Hinder, Private Terror Insurance Markets

Earlier this week, I took part in what I found to be a lively and enlightening panel discussion on the Terrorism Risk Insurance Act, the now-12-year-old federal program that provides a $100 billion reinsurance backstop for terrorism-related claims in the …

GM Bankruptcy Shield from Claims May Cut Payouts by Billions

General Motors Co.’s move to freeze ignition-defect lawsuits in California and Texas has solid legal precedent behind it and could help slash customer demands for compensation by billions of dollars. GM asked federal judges in both states last week to …

Ohio Coast Guard Station Leads Nation in Drunken Boating Arrests

A U.S. Coast Guard station that watches over western Lake Erie led the nation in drunken boating arrests last year. The Coast Guard says officers with Marblehead, Ohio, station charged 67 people with boating under the influence in 2013. The …

Industry Pushing Back in Texas Against Fertilizer Plant Safety Requirements

The state fire marshal wants 46 facilities that store ammonium nitrate in Texas to make safety improvements following the deadly West fertilizer plant explosion last year. State Fire Marshal Chris Connealy proposed new building requirements ahead of the anniversary of …

Wisconsin Trucker Wins Great American Insurance’s Big Rig Giveaway

A Wisconsin trucker who’s been driving for 35 years won a customized truck in Great American Insurance Group’s annual Big Rig Giveaway. Roger Lemírande was missing from the crowd at booth 69172 on Saturday, March 29, at the Mid-America Trucking …

SeaFire Seeks Agency Partners for Dealership Programs in Oregon and Idaho

Overland Park, Kan.-based SeaFire Insurance Services is seeking new agency partners in Oregon and Idaho for its auto dealer and repair insurance program. SeaFire will consider appointments for retail insurance agencies with scale, brand, resources and auto dealer expertise. Agents …

Poll Finds New Jerseyans Souring on State’s Sandy Recovery Efforts

A new poll finds New Jerseyans are souring on how the state is handling Superstorm Sandy recovery efforts. The Monmouth University/Asbury Park Press poll out Wednesday found public satisfaction with the recovery effort has dropped below 50 percent for the …

Out of Prison, Michigan Man Files Suit Over Wrongful Arson Verdict

A man who spent five years in prison for a wrongful arson conviction has sued a northern Michigan county, three sheriff’s deputies and a state trooper. Forty-year-old Victor Caminata was convicted in 2008 of burning a house in Wexford County’s …