Cyber Risk News

Texas AG Settles with El Paso Company on Identity Theft Charges

Texas Attorney General Greg Abbott reached an agreement with El Paso-based CNG Financial Corp. and its subsidiaries, Check ‘n Go of Texas Inc. and Southwestern & Pacific Specialty Finance Inc., over charges that the company failed to protect customers from …

Agent Charged for Defrauding Businesses $2.5 Million-Plus

An insurance agent was arrested in California for defrauding 18 business owners by stealing more than $2.5 million in money they had paid him to take out insurance policies for their businesses, the California Department of Insurance reported. Anthony David …

Business Moves

Hull & Co., Big Sky Underwriters, Powers & Co. Hull & Co. Inc. acquired substantially all of the assets of Missoula, Mont.-based Big Sky Underwriters Inc. “The people of Big Sky are well respected in the Northwest marketplace,” said Bob …

Nearly a Dozen Arrested for $2 Million Scam

Eleven alleged Bay Area fraud perpetrators were arrested on numerous felony counts including insurance fraud, identity theft, possession of stolen property and filing a false tax return. Wireless phone dealers, employees and customers were arrested for their purported involvement in …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …

Possible Maine Fix on Real ID National License Stirs Debate

Gov. John Baldacci’s decision to seek changes in Maine’s driver’s license standards to satisfy federal officials’ demands has cranked up the volume of public debate in Maine and beyond over the government’s Real ID program. The law aimed at making …

It Figures

39 Arkansas Gov. Mike Beebe in late March declared 39 counties disaster areas due to damage from heavy rains and floods. The counties declared disaster areas are: Baxter, Benton, Boone, Carroll, Clay, Conway, Crawford, Craighead, Cross, Faulkner, Franklin, Fulton, Greene, …

Nearly Dozen Arrested for $2 Million California Insurance Fraud Scam

California Insurance Commissioner Steve Poizner announced the arrests of nearly one dozen alleged Bay Area fraud perpetrators. Eleven subjects were arrested over the past week on numerous felony counts including insurance fraud, identity theft, possession of stolen property and filing …

New Agency, Timothy Gaspar Insurance Services, Formed

Timothy Gaspar, a property and casualty insurance agent in the greater Los Angeles area, announced the formation of Timothy Gaspar Insurance Services. Gaspar’s new venture will be located within the confines of Financial Management Services (FMS), a 34-year-old financial planning …

Texas AG Settles With Pharmacy Company Over Identity Theft Charges

Texas Attorney General Greg Abbott announced an agreement with CVS Pharmacy Inc. that resolves the state’s April 2007 enforcement action against the nation’s largest retail pharmacy. CVS was charged with violating state laws that govern the disposal of customer records …