Latest Nevada Headlines
All the headlines from our Nevada Topic Page, ordered by recency.
PIC Wisconsin Med-Mal Rates to Increase in Nevada
Mar 18 2004 // Nevada Insurance Commissioner Alice Molasky-Arman has approved the request of Physicians Insurance Company of Wisconsin Inc. (PIC) for a 15 percent increase for medical malpractice insurance. In addition to the 15 percent...
Tort Reformers Look to Score in States after Washington Strikes Out
Mar 8 2004 // Last fall at a University of Virginia Law School forum on tort reform, some of the nation’s top tort experts agreed there were no easy answers on how to solve the nation’s longstanding love-hate relationship...
PCI Answers Questions on Use of Loss Reports in Nevada
Mar 8 2004 // The use of loss history reports on individual dwellings is an important and necessary tool that insurers need to help them underwrite homeowners’ policies in Nevada. That’s the message delivered by the Property...
Former Carson City, Nev. Businessman Sentenced for Fraud
Feb 18 2004 // Attorney General Brian Sandoval announced that Tye Fortuna, 31 of Big Fork, Montana was sentenced recently by Judge Michael R. Griffin in the Carson City District Courthouse after pleading guilty to felony insurance...
NEVADA FIRST IN FRAUD CONVICTIONS:
Feb 9 2004 // Attorney General Brian Sandoval announced that the Nevada Department of Justice, Insurance Fraud Unit, obtained more convictions per capita than any other state. The statistics for insurance crimes were compiled by the...
Faked Death Gets Fraud Conviction
Feb 9 2004 // Nev. Attorney General Brian Sandoval announced that District Judge Donald M. Mosley sentenced Purificacion Lobitos, age 56, to a maximum term of 32 months with a minimum term of 12 months in the Nevada Department of...
Best Downgrades APCapital; Med-Mal Insurer Exits Nev.
Feb 2 2004 // The financial strength rating of East Lansing, Mich.-based medical liability insurer American Physicians Capital Inc. has been downgraded to “B+” from “B++” by A.M. Best Co. This action, according...
Nevada First in Insurance Fraud Convictions
Jan 26 2004 // Attorney General Brian Sandoval today announced that the Nevada Department of Justice, Insurance Fraud Unit, obtained more convictions per capita than any other state. The statistics for insurance crimes were compiled by...
Mosher Joins Board of Directors for Employers Insurance Company of Nevada
Jan 13 2004 // Employers Insurance Company of Nevada, A Mutual Company (EICN), announced that Ronald F. Mosher has joined the company’s Board of Directors. Mosher possesses extensive knowledge of the insurance industry, and most...
Nev. Man Found Guilty of Felony Fraud
Jan 12 2004 // Attorney General Brian Sandoval announced that Patrick Lee Miller was found guilty of a felony insurance fraud, making false representations to an insurance company. The matter was heard in Humboldt County’s 6th...
Ga. Commissioner Orders Nev. Company to Cease Business
Jan 12 2004 // Georgia Insurance Commissioner John Oxendine has ordered Global Bonding, Millennium Bonding Enterprises, Robert Joe Hanson and Reve M. Pete to stop transacting surety insurance business in Georgia. Oxendine said his office...
Employers Insurance Company of Nevada Report 3Q 2003 Financial Results
Dec 16 2003 // Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly-owned subsidiary Employers Compensation Insurance Company (“ECIC”) formerly known as Fremont Employers Insurance...
Ga. Commissioner Orders Nev. Company to Cease Business
Dec 10 2003 // Georgia Insurance Commissioner John Oxendine has ordered Global Bonding, Millennium Bonding Enterprises, Robert Joe Hanson and Reve’ M. Pete to stop transacting surety insurance business in Georgia. Oxendine said his...
Employers Insurance Company of Nevada, A Mutual Company, Re-Names Subsidiary Companies
Dec 9 2003 // Employers Insurance Company of Nevada, A Mutual Company, (EICN) announced that it has re-named two wholly-owned subsidiaries. Effective immediately, the company formerly known as Fremont Employers Insurance Company will...
A.M. Best Comments on FSR Sierra Health Services’ Health Care Entities
Dec 2 2003 // A.M. Best Co. has commented on the financial strength rating of B+ (Very Good) of Sierra Health Services Inc.’s HMO and health insurance entities. A.M. Best’s comments follow Sierra’s announcement of the...
Nev. Unlicensed Insurer Shut Down and Ordered to Pay Fines
Nov 26 2003 // Nevada Insurance Commissioner Alice A. Molasky-Arman ordered TRG Marketing, L.L.C., TRG Administration L.L.C., (TRG) and its principals, William Paul Crouse and Carmello Zanfei, to pay administrative fines of $180,000,...
Nev. Workers’ Compensation Insurance Rates to Decrease
Nov 13 2003 // Nevada’s employers should see a drop in their 2004 premiums for workers’ compensation as a result of the filing submitted by the National Council on Compensation Insurance Inc. approved by Nevada Insurance...
Nev. Man Found Guilty of Felony Insurance Fraud
Nov 13 2003 // Attorney General Brian Sandoval announced that Patrick Lee Miller was found guilty of a felony insurance fraud, making false representations to an insurance company. The matter was heard in Humboldt County’s 6th...
Alliance Lauds N.Y., Fla. Action on Modernizing State Producer Laws; More is Needed
Oct 15 2003 // The Alliance of American Insurers has issued a bulletin which praised recent efforts in New York and Florida to modernize producer licensing laws, but it also called for other states to follow suit. Alliance VP for...
EICN Completes Payment of $14.4M in Dividends to Nev. Policyholders
Oct 2 2003 // Employers Insurance Company of Nevada, A Mutual Company (EICN) announced that it has paid out $14.4 million in dividends since commencing operations as a mutual insurance company on Jan. 1, 2000. “As a mutual...
