Monthly Archives: <span>August 2016</span>

Obama Signs Kentucky Disaster Declaration for July Storm Damage

President Barack Obama has signed a disaster declaration for parts of Kentucky affected by storms in early July. The White House said in a news release Friday that the declaration covers damage from storms, tornadoes, flooding, landslides and mudslides that …

California Insurance Agent Nabbed for Fraud Scheme Involving 100-plus Policies

Vicki Lee McGinley, 58, a licensed insurance agent in California, was arrested by the Kern County Sheriff’s department on seven counts of identity theft and seven counts of insurance fraud after allegedly misrepresenting policy and premium information to clients resulting …

State Insurance Commissioners Name New Jersey’s Hartt to Financial Oversight Panel

The National Association of Insurance Commissioners (NAIC) has appointed Peter L. Hartt, director of New Jersey’s Insurance Division, to a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC). Hartt will represent the interests …

Lockton Opens New Oregon Operation, Names McClave Producer

Lockton Insurance Brokers has opened a new commercial insurance operation in Portland, Ore. Andrew McClave has been named producer the office. He has been advising clients on risk management and property/casualty insurance issues for a decade, including for the past …

ADM Settles Ponzi Scheme Suit by Missouri Farmers; Terms not Disclosed

Agribusiness Archer Daniels Midland has settled a lawsuit over claims the company was behind a now-imprisoned grain broker’s scheme that gouged millions from dozens of Missouri farmers. The St. Louis Post-Dispatch reports that Thursday’s confidential settlement ended a civil trial …

Arkansas Judge: Hospital Can’t Be Blamed in Suit Over Woman’s Medical Records

An Arkansas judge has ruled the hospital where a TV anchor died can’t be blamed for the wrongdoing of two former hospital workers who illegally looked at her medical records after she was hospitalized. The Arkansas Democrat-Gazette reports Pulaski County …

Analysis: Louisiana Will Need Congress to Help After Flooding

Insurance payments and traditional federal aid programs won’t be enough to respond to the catastrophic flooding that ravaged tens of thousands of homes across south Louisiana, wrecking entire subdivisions and devastating entire cities. Louisiana, once again, will be asking Congress …

Court: Michigan Car Insurance Fund Public but Records Can Be Withheld

A new court decision will keep the public’s eyes from records of an auto insurance fund. The Michigan appeals court says the state Catastrophic Claims Association is a public body, but lawmakers legally carved out an exemption from public records …

New Illinois Law Makes Insurance Companies Find, Pay Beneficiaries

Illinois Gov. Bruce Rauner has signed legislation requiring insurance companies to locate beneficiaries of unclaimed life insurance policies and pay them money they’re owed. The Republican said Friday the state also is launching a website to help Illinois residents find …

Louisiana Flood Victims Eligible for State Sales Tax Refunds

Louisiana residents in presidential declared disaster areas impacted by the March and August floods can file for a refund of state sales tax they paid on personal property destroyed by the floods, according to State Treasurer John Kennedy. “The state …