The Maryland Insurance Administration (MIA) said “crash and buy” auto insurance schemes are a growing trend in the state. When an uninsured driver crashes, buys insurance, then claims the accident happened after the policy took effect, that is fraud and …
Los Angeles, Calif.-based The Cooperative of American Physicians Inc. has named Hammon P. Acuna senior vice president of business development. Acuna will direct the activities and performance of all business development activities, including CAP business development, membership development, underwriting and …
U.S. Sen. Charles Schumer (D-New York) is asking the Consumer Product Safety Commission to investigate the safety of Chinese-imported wood laminate flooring from Lumber Liquidators in Toano, Virginia, and initiate recalls if needed. The New York Democrat says federal authorities …
The Texas Windstorm Insurance Association (TWIA) announced that a carrier participating in its depopulation program has signaled an interest in around 60,000 policies that currently are on TWIA’s books. TWIA is the property insurer of last resort for wind and …
Federal safety officials have fined SER Construction Partners Ltd. $79,900 for three safety violations at a site in Houston, Texas. SER Construction Partners Ltd. based in Pasadena, Texas, specializes in heavy civil construction and employs about 370 employees. The Occupational …
Chicago-based insurance CNA has appointed Ziad Kubursi to senior vice president, Financial Institutions and Management Liability, effective April 6, 2015. Ziad brings more than 18 years of insurance industry experience to this role, most recently serving as senior vice president, …
Medical malpractice claims hit a record low last year in Wisconsin, according to the Director of State Courts. The number of medical malpractice lawsuits fell to 84 last year from 140 in 2013. There were 294 suits filed in 1999. …
Texas by far had the most work zone crash fatalities of any state last year and the state’s transportation department is urging drivers to slow down and pay attention. Work zone crash fatalities in Texas rose to 146 last year, …
An annual industry report shows New Jersey has the costliest auto insurance rates in the nation. The National Association of Insurance Commissioners says New Jersey motorists paid an average of $1,220 in 2012. That’s about 49 percent more than the …
A Republican congressman and a Democratic colleague have introduced a bill to shed more light on the workings of the Financial Stability Oversight Council, which watches for emerging threats to market stability. The draft bill by Florida Republican Dennis Ross …
