Latest New Mexico Headlines
All the headlines from our New Mexico Topic Page, ordered by recency.
New Mexico Woman Sentenced for Fraud
Dec 4 2007 // 50-year-old Valerie Potter, also known as Valerie Kovach of Rio Rancho, N.M., has been sentenced by Albuquerque District Judge Kenneth Martinez to five years probation on Medicaid fraud and insurance fraud charges. The...
Richardson’s Stats Misleading in Defense of Immigrant Driver’s Licenses
Nov 19 2007 // Democratic presidential hopeful Bill Richardson points to a substantial drop in uninsured motorists in New Mexico when he defends his decision four years ago to allow undocumented immigrants to obtain a driver’s...
Cincinnati Insurance Co. Enters N.M.
Oct 1 2007 // Cincinnati Financial Corp. recently announced that its lead property casualty subsidiary, The Cincinnati Insurance Co., has launched operations in New Mexico on September 27th with the appointment of its first independent...
New Mexico Man Dies from Botulism Poisoning
Sep 24 2007 // Botulism has killed a 52-year-old Sandoval County, N.M., man, according to the state Health Department. State officials have not linked the man’s case to this summer’s recall of Castleberry’s Food Co....
Former N.M. Insurance Regulator Pleads Not Guilty
Aug 28 2007 // Former New Mexico insurance regulator Joe Ruiz on Monday pleaded not guilty to federal corruption charges that arose from allegations he misused his office by soliciting payments from insurance companies in exchange for...
Former New Mexico Insurance Regulator Indicted
Aug 27 2007 // Former New Mexico state insurance regulator Joe Ruiz has been indicted on federal corruption charges for allegedly misusing his office by soliciting payments from insurance companies in exchange for reducing regulatory...
Bank of Albuquerque awarded New Mexico insurance contract
Jun 18 2007 // The Bank of Albuquerque will be the custodian of more than $380 million in deposits from about 1,400 insurance companies doing business in New Mexico. The bank has been awarded a one-year contract, beginning July 1, to...
Feds Investigate Albuquerque-Based Surety Company
Apr 30 2007 // An Albuquerque-based business accused by the New Mexico Insurance Fraud Bureau of illegally selling insurance surety bonds in New Mexico is now being investigated by federal authorities. Agents with the U.S. Department of...
New Mexico Insured Tornado Losses Estimated at $16.5 Million
Apr 6 2007 // Tornado and hail that tore across New Mexico in March has an estimated insurance price tage of $16.5 million, according to the Rocky Mountain Insurance Information Association. The association said insurance adjusters have...
New Mexico passes regulatory modernization bill
Mar 26 2007 // The New Mexico legislature has passed a bill that would establish a file and use rate regulatory system for most personal lines of insurance. The Insurance Rate Regulation Law, SB 483, applies to all kinds and lines of...
New Mexico passes regulatory modernization bill
Mar 26 2007 // The New Mexico legislature has passed a bill that would establish a file and use rate regulatory system for most personal lines of insurance. The Insurance Rate Regulation Law, SB 483, applies to all kinds and lines of...
New Mexico Approves Legislation to Limit Access to Credit Reports
Mar 20 2007 // The New Mexico legislature has passed a bill allowing consumers to place a security freeze on access to their credit report. Just before the legislative session ended, Senate Bill 165 passed, allowing at the request of the...
New Mexico Passes Regulatory Modernization Bill
Mar 19 2007 // The New Mexico legislature has passed a bill that would establish a file and use rate regulatory system for most personal lines of insurance. The Insurance Rate Regulation Law, SB 483, applies to all kinds and lines of...
Gainsco Offering Auto Insurance in New Mexico
Mar 16 2007 // Dallas-based GAINSCO Auto Insurance, which insures drivers across the Southern United States, has expanded its operations into New Mexico and will sell its personal auto policies through a network of independent insurance...
New Mexico PRC Asking Why Former Superintendent Didn’t Investigate
Mar 8 2007 // New Mexico’s Public Regulation Commission is asking why former Insurance Superintendent Eric Serna did not investigate a title insurance company that admitted giving more than $300,000 to a builder in what a state...
The Commissioners: Morris Chavez
Feb 26 2007 // Regulator committed to restoring ethics After replacing two insurance superintendents in less than a year over allegations of questionable activities, New Mexico’s Insurance Department seems to sorely need some...
CaseLaw Watch
Feb 26 2007 // Attorneys Fees State Farm Mutual Automobile Insurance Co. v. Lestenkof (Alaska, Sept. 29, 2006) Ruling: In this case, the court considered whether an auto insurer must pay unlimited (Alaska Civil Rule 82) attorney’s...
Morris Chavez, New Mexico, State Insurance Superintendent
Feb 25 2007 // After replacing two insurance superintendents in less than a year over allegations of questionable activities, New Mexico’s Insurance Department seems to sorely need some ethics training. The latest appointed...
Case Law Watch
Feb 25 2007 // Attorneys Fees State Farm Mutual Automobile Insurance Co. v. Lestenkof (Alaska, Sept. 29, 2006) Ruling: In this case, the court considered whether an auto insurer must pay unlimited (Alaska Civil Rule 82) attorney’s...
One-on-one interviews with 15 insurance regulators
Feb 12 2007 // One-on-one interviews with 15 insurance regulators At a recent meeting of the National Association of Insurance Commissioners, Insurance Journal sat down with 15 insurance regulators to talk about issues affecting their...
