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

North Carolina Claims Rep, Wife Accused of Insurance Fraud

North Carolina insurance officials have accused a Charlotte man of issuing what is described as unauthorized claim checks and funneling the money into his wife’s bank account. The N.C. Department of Insurance says 36-year-old Claymonte Rashawn McNeill and 39-year-old Michelle …

Building Stronger, Other Lessons from Hurricane Ivan at 10th Anniversary

This week marks the 10th anniversary of Hurricane Ivan, one of the costliest tropical storms to ever hit the U.S. Ivan came ashore near Gulf Shores, Alabama, on Sept. 16, 2004, as a Category 3 storm. The storm also battered …

N.J. to Receive $1.3B in Federal Funds for Transit Storm Protection

New Jersey will receive $1.28 billion in federal funds to strengthen its transit system against catastrophic storms such as Superstorm Sandy, which brought commuter service to a halt almost two years ago. New Jersey Governor Chris Christie’s office said the …

Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud

The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in premiums his clients paid. Jeffrey Cohen, 39, of …

Congress Hits Auto Safety Agency’s Role in GM Recalls

Both houses of Congress scolded the U.S. highway safety agency Tuesday over its tardy handling of a deadly problem with General Motors cars, questioning whether it is competent to guarantee the safety of increasingly complex vehicles. David Friedman, acting chief …

Republicans Question Labor Board on McDonald’s Franchise Liability Case

Two Republican lawmakers on Wednesday asked a U.S. labor agency for more information about a recent finding that fast-food chain McDonald’s Corp. could be held liable for the labor practices of franchisees, a view that has alarmed many businesses. The …

Reinsurance Rendez-Vous: Data Tools Help Identify Risks

Insurance companies are increasingly turning to “big data” from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles, according to reinsurers attending the annual Monte Carlo Reinsurance Rendez-vous this week. …

Tropical Storm Polo Follows Odile Track to Blast Baja California

Tropical Storm Polo, the 16th storm of an unusually active eastern Pacific hurricane season, is on a path eerily like that of Odile, which blasted the Baja California peninsula earlier this week. Odile went ashore late Sept. 14 with top …

Insurance Journal’s Academy of Insurance is saying, “Bon Voyage!”

San Diego, CA – 9/18/14 – Insurance Journal’s Academy of Insurance is teaming up with the Insurance Community University for a 4-day Princess Cruise this November. The insurance educators will set sail from Los Angeles on November 10th visiting Catalina …

California Governor Signs Ridesharing Bill

California Gov. Jerry Brown has signed into law a bill to establish insurance requirements for transportation network companies and their drivers. Assembly Bill 2293, authored by Assemblywoman Susan Bonilla, D-Concord, defines with personal and commercial auto insurance is in effect, …