Joel Paredes Saldana, 22, owner of Lightning Auto Body in Riverside County, was arrested Wednesday as California Department of Insurance detectives and multiple allied agencies swept up at least 19 co-conspirators associated with an organized insurance fraud crime ring. Those …
Republican John Doak has been elected to a second term as Oklahoma’s insurance commissioner. Doak won another four-year term in the June 24 winner-take-all primary contest. Doak defeated longtime insurance agent Bill Viner. No Democrats or independents ran for the …
A bill that would impose insurance requirements on ridesharing companies in California passed a state Senate committee 9-1 on Wednesday, although with somewhat lower costs to the industry than previously written into the bill. Companies such as Lyft, Sidecar and …
Parts of Ohio are again cleaning up after severe storms rolled through — including a tornado that touched down in northeast Ohio. The National Weather Service confirmed a high EF1 or EF2 tornado touched down on June 23 evening in …
Safety National Casualty Corp., a St. Louis, Mo., provider of excess workers’ compensation and large casualty insurance offerings, announced that Mark Walls has joined the company as vice president of communications and strategic analysis. With more than 24 years of …
The Port Authority of New York and New Jersey approved a financing agreement for Larry Silverstein’s 3 World Trade Center that allows him to use $159 million of insurance proceeds to expedite construction. The agreement, which alters a 2010 deal …
Florida Chief Financial Officer Jeff Atwater announced the arrests of three individuals in Fort Lauderdale for their alleged involvement in a staged accident that resulted in fraudulent personal injury protection (PIP) billings in excess of $80,000. Atwater also announced the …
A federal lawsuit blames a Charleston airport runway project for the January chemical spill that left 300,000 residents without clean water for days. The lawsuit says Yeager Airport’s completed runway extension never safeguarded against stormwater runoff. In court papers filed …
The Board of Governors for Florida’s Citizens Property Insurance Corp. approved on Wednesday a 2015 rate package that reflects an overall average 2.9 percent statewide decrease for personal residential policyholders across the state. Citizens said single family homeowners will see …
Year-to-date through June 20, the insurance mergers and acquisitions (M&A) market witnessed 160 deal announcements, compared to 134 deals over the same period of 2013 — an increase of roughly 20 percent, according to SNL Financial. SNL said 34 insurance …
