The Hawaii State Insurance Division has successfully closed HIH America Insurance Company of Hawaii, a Hawaii workers’ compensation insurance company. Financial problems of its affiliated companies in Australia and California led to the downfall of the company in March 2001, …
Financial giants such as Goldman Sachs Group could be broken up under two bills introduced in the U.S. Congress Wednesday, one with the backing of former Republican presidential nominee John McCain. Both would reinstate the 1930s-era Glass-Steagall laws that barred …
A federal judge in Houston found accused swindler Allen Stanford and his attorneys in contempt of a court order Wednesday over their attempts to collect insurance policy proceeds to pay defense costs. No sanctions were imposed, according to the judge’s …
New York State Insurance Superintendent James J. Wrynn announced that Joseph Fritsch has been named deputy superintendent for Accounting and International Affairs. Fritsch was most recently the director of Insurance Accounting Policy. As deputy superintendent, Fritsch will advise on accounting …
North Carolina Insurance Commissioner Wayne Goodwin reported the arrest of a licensed insurance agent from Fremont who has been charged with embezzling $7,000 in insurance premiums. Insurance department investigators allege that Wendy C. McGuire, from June to December 2008, kept …
A former New York State Corrections officer who reportedly owned two Delaware sandwich shops surrendered to authorities in New York last week to face workers’ compensation fraud charges initiated by the New York State Insurance Fund. Donald Walker, of Middleton, …
The association that sells and manages insurance programs for Kentucky’s 120 counties operates with a “self-serving culture” that has resulted in millions of dollars in questionable spending the past three years, according to a critical report by the state auditor. …
Walking into a courtroom Tuesday to face the man who posted naked videos of her online left Erin Andrews momentarily shaken, the ESPN sideline reporter admitted later. But by the time she started to tell a federal judge about the …
Arkansas Insurance Commissioner Jay Bradford has cautioned that a scam operation that has sold fraudulent health insurance in Oklahoma and Connecticut is now targeting Arkansans. A company called American Trade Association is apparently illegally offering health insurance plans via unsolicited …
The Illinois Department of Insurance reports that some Illinois residents have received letters, printed on fake insurance department letterhead, advising recipients that their “automobile insurance policy is cancelled,” and that their “Driver’s License and/or License Plate’s will be suspended within …
