Latest Numbers Headlines
All the headlines from our Numbers Topic Page, ordered by recency.
Two Industry Opposed Bills Die in California Legislature
Jul 18 2005 // California’s SB 46 and SB 603 both died in the Legislature in late June, allowing insurers to breathe a little easy–for now. SB 46, authored by Sen. Richard Alarcon (D — San Fernando Valley), would have...
Two More Fla. Insurers Request Homeowners, Condo Rate Increases
Jul 11 2005 // Florida Preferred Property Insurance and Old Dominion Insurance have joined the list of insurers asking the Florida Office of Insurance Regulation for permission to increase homeowner and condominium policy rates. Florida...
Two W. Va. Towns Rated ‘Safest’
Jul 9 2005 // Los Angeles-based Farmers Insurance Group has rated Wheeling, W. Va. the third safest place to live in the U.S., while Parkersburg/Marietta,W. Va. was ninth on the list of 20 small towns. The rankings were part of a study...
THREE ARRESTED FOR ACCIDENT STAGING
Jul 4 2005 // The Louisiana State Police Insu-rance Fraud Unit arrested three Ville Platte residents on felony insurance fraud related warrants. The state police said the arrests were the result of an investigation into a staged...
Three Suspects Arraigned
Jun 20 2005 // Three suspects were arraigned May 11 in Ventura County Superior Court in connection with a workers’ comp premium fraud investigation conducted by the CDI Fraud Division. Tomer Rotholz, a former licensed contractor,...
Two Homeowners Bills Move to California Assembly
Jun 20 2005 // The California State Senate recently passed SB 2 and SB 518, two homeowners bills that are now in the Assembly Insurance Committee. Both bills passed 23-15 in the Senate. SB 2, authored by Senator Jackie Speier...
Two Homeowners Bills Move to California Assembly
Jun 20 2005 // The California State Senate recently passed SB 2 and SB 518, two homeowners bills that are now in the Assembly Insurance Committee. Both bills passed 23-15 in the Senate. SB 2, authored by Senator Jackie Speier...
Nine Ways to Get Personal Lines Clients in the Door
Jun 20 2005 // The personal lines industry may be viewed through multiple competitive prisms. These include the classic independent agent versus direct writer perspective; independent and exclusive agents versus the banks, and...
Five W. Va. Insurers Pledge to Cut Auto Premium Rates
May 30 2005 // Five of West Virginia’s largest carriers have pledged to lower premiums by more than $54 million, according to Insurance Commissioner Jane Cline. Within the past month State Farm, Nationwide, Erie, Allstate and...
Two Floridians Charged With Staging Accident, Filing False Claim
May 25 2005 // Two Broward County men are facing felony fraud charges after a state investigation determined they staged an accident in January and then filed fraudulent insurance claims for injuries that did not occur. Jesse Demetro,...
Three Suspects Arraigned on Premium Fraud Charges
May 12 2005 // Three suspects were arraigned May 11 in Ventura County Superior Court in connection with a workers’ compensation premium fraud investigation conducted by the California Department of Insurance Fraud Division. Tomer...
Four Suspects Arrested for Workers’ Comp Fraud
May 6 2005 // Authorities arrested four suspects May 6 after an extensive investigation into a workers’ compensation and payroll tax fraud scheme, one in which the suspects allegedly underreported the payroll of their Saratoga...
ONE LAWSUIT REFORM BILL DOWN, TWO TO GO
Apr 4 2005 // Gov. Brad Henry’s tort reform bill, Senate Bill 914, died in the Oklahoma State Senate, with the Senate refusing to hear the bill on the last day that body could consider its own bills. Senate Democrats reportedly...
One Person’s Slightly Used Auto Insurance Policy is Another Person’s … Treasure?
Apr 1 2005 // Who can forget the way the policy for that ’76 Gremlin smelled? How about those deductibles from that Merkur policy? Sure, they don’t make the car any longer, but that’s what makes the policy valuable!...
Two Swiss Execs Nominated to Converium’s Board
Mar 22 2005 // Zurich-based Converium announced that Dr. Markus Dennler, former CEO of Credit Suisse Group’s Life & Pensions business, and Rudolf Kellenberger, former Deputy CEO of Swiss Re, will run for election as members of...
Four More Banks Settle Worldcom Claims
Mar 11 2005 // Four investment banks this week agreed to pay a total of $428.4 million to settle claims stemming from a class-action lawsuit brought by former shareholders of WorldCom Inc. New York state Comptroller Alan Hevesi said in a...
Two Ala. Agents Sentenced in Bribery Case
Feb 24 2005 // Two Cherokee County, Ala. insurance agents have been sentenced in a Birmingham court on charges of bribery of elected officials. James L. Williams and Michael Tillery pleaded guilty in November to giving money to county...
TWO GUILTY IN RECIPROCAL OF AMERICA FRAUD:
Feb 21 2005 // Two former top officers of collapsed Reciprocal of America are scheduled for sentencing in June for their roles in what a federal prosecutor called one of Virginia’s biggest insurance fraud cases. Kenneth R....
Three New Western Region Partners Join APPEX
Feb 14 2005 // APPEX (Agency Peak Performance EXchange) welcomed three new Western region partners to their membership. Al Purmort, Sr. founded the Al Purmort Insurance Agency in September of 1985 after leaving the Purmort and Martin...
Two Plead Guilty in Big Virginia Insurance Fraud Case Involving Former Malpractice Reciprocal
Feb 11 2005 // Two former top officers of collapsed Reciprocal of America are scheduled for sentencing in June for their roles in what a federal prosecutor called one of Virginia’s biggest insurance fraud cases. Kenneth R....
