Latest Department of Insurance Headlines
All the headlines from our Department of Insurance Topic Page, ordered by recency.
To Catch a Thief-State DOI’s Work Hard to Keep Agents in Line
Jan 13 2003 // A quick browse through the Web sites of state insurance commissioners across the country on any given day in any given year, is bound to turn up at least one account of regulators cracking down on an insurance agent for a...
Calif. Commissioner Delivers Inaugural Speech
Jan 8 2003 // Calif. Insurance Commissioner John Garamendi recently delivered his inaugural speech on Jan. 6, 2003, as he took the Oath of Office in a ceremony at the Assembly Chambers California Capitol Building. The following is the...
Piedmont Ordered into Liquidation in South Carolina
Dec 31 2002 // The South Carolina Department of Insurance announced that Piedmont Insurance Company recently became the subject of an Order of Liquidation which declared the company insolvent and directed the South Carolina Department of...
MO Dept. of Insurance Takes Over two KC-based Workers Comp Companies
Dec 23 2002 // Cole County Circuit Judge Thomas Brown granted the petition of Scott B. Lakin, the Director of the Missouri Department of Insurance (MDI), and placed two Kansas City-based workers compensation insurers in receivership as...
NE Dept. of Insurance Places Acceptance Under Supervision
Dec 23 2002 // L. Tim Wagner, Director of the Nebraska Department of Insurance, announced that he had issued an order on Friday placing Acceptance Insurance Company under supervision. Acceptance is the parent company of American Growers...
Ann Womer Benjamin Named as Ohio Insurance Director
Dec 18 2002 // Ohio Governor Bob Taft announced the appointment of Ann Womer Benjamin as director of the Ohio Department of Insurance, effective January 6. “Ann brings extraordinary ability and integrity to this vital position as...
MO Dept. of Insurance Re-accredited by NAIC for Financial Oversight
Dec 12 2002 // The Missouri Department of Insurance (MDI) has been re-accredited for five years by the National Association of Insurance Commissioners, who certified the MDI’s work on monitoring the financial health of insurers and...
La. Agent Hiding in Closet Arrested for Misappropriation of Premiums
Dec 12 2002 // The Louisiana Department of Insurance shut down an Alexandria insurance agency amid charges of misappropriation of premiums. The department said it is the second Alexandria agency to be closed in just over a...
Orlando Agent Charged with Selling Bogus Policies
Nov 26 2002 // Florida Treasurer and Insurance Commissioner Tom Gallagher announced that Michael E. Rock of Orlando, was arrested on charges of soliciting thousands of Florida doctors to purchase fraudulent medical malpractice...
Lee Covington Steps Down as Ohio Insurance Commissioner
Nov 26 2002 // Lee Covington has formally announced his intention to resign his position as Director of the Ohio Department of Insurance before December 10 “to pursue career options in the private sector.” “This was a...
Universal Insurance Holdings Lukewarm to Golden Apple’s Proposed Acquisition
Nov 21 2002 // Universal Insurance Holdings Inc. of Miami received correspondence regarding a proposed takeover by Golden Apple Holding Company, a subsidiary of Navigator Ventures Inc. (OTCBB:NVGV), that reportedly seeks to acquire all...
Ohio Insurance Department Provides Claim Tips for Storm Victims
Nov 13 2002 // Ohio Department of Insurance Director Lee Covington has issued a series of “tips” to help property owners filing claims resulting from the devastating tornadoes that struck the state over the...
Shreveport, La. Agent Shut Down
Nov 12 2002 // The Louisiana Department of Insurance Fraud Unit investigators served cease and desist and summary suspension orders to licensed insurance agent Tommy Ray Dean of Shreveport, the day after the department served a C&D...
Calif. Commissioner Prepares to Hand Over Reins
Nov 6 2002 // “I would say that the availability of insurance at reasonable rates continues to be a key challenge in the year 2002 and will be ongoing in the next year or two,” California Insurance Commissioner Harry Lowe...
Calif. Workers’ Comp: The Road to Rehabilitation
Oct 28 2002 // We all know what the problems are in the California workers’ compensation market, and now it’s time for the solutions. With the upcoming election well underway, California will soon see a new Insurance...
Missouri Dept. of Insurance Opens Public Internet Portal
Oct 21 2002 // Missouri’s Director of Insurance, Scott B. Lakin, announced that the department has opened a new Internet connection, “The Public Portal,” which will “gather comment on pending issues, beginning...
Ariz. Dept. of Insurance Suspends License of Foundation Reserve Co.
Oct 18 2002 // On Oct. 2, 2002 the Arizona Department of Insurance suspended the license of Foundation Reserve Insurance Company (Foundation Reserve) due to its unsound financial condition. Consequently, Foundation Reserve is prohibited...
Farmers’ Pullout Puts Agents, Homeowners in a Jam
Oct 14 2002 // Negotiations continued in early October between state officials and senior executives of Farmers Insurance Group of Companies in the effort to find a solution that would entice the insurer to continue to provide homeowners...
Proposed Producer Licensing Regulations would Hinder Calif. Policies
Oct 2 2002 // Proposed regulations in California that address exemptions for employees who make adjustments to insurance policies from general licensing requirements need to be stronger and broader. “Unlicensed customer service...
Farmers Refuses TDI Offer
Sep 25 2002 // The Farmers Insurance Group of Companies announced it will not renew current homeowners insurance policies in Texas beginning November 2002, and will no longer be able to provide the state’s customers with homeowners...
