October 31, 2007
Federal regulators are requiring that every financial institution have a program to detect and prevent identity theft on consumer accounts. The federal financial institution regulatory agencies and the Federal Trade Commission have issued final rules on identity theft “red flags” …
October 27, 2007
ChoicePoint faces class action lawsuit it claims is baseless, association contemplates what action to take Two insurance producers have filed a class action lawsuit against ChoicePoint Inc., ChoicePoint Services Inc., ChoicePoint Online and certain officers and directors, alleging, among other …
October 25, 2007
An Angie, La., insurance agent was issued a cease and desist order, summary suspension and served with a $14,000 civil fine notice recently for alleged misappropriation, document forgery and filing false public documents, the Louisiana Department of Insurance reported. Kimberly …
October 19, 2007
Michigan Governor Jennifer Granholm has deemed the week of Oct. 22-26 as “Turn Up the H.E.A.T. Week.” The purpose is to activate residents to increase their awareness of auto theft prevention measures and to report what they know about auto …
October 19, 2007
As Massachusetts gears up for a switch to a more competitive personal auto insurance market, one of its domestic auto insurers, Premier Insurance Co., will adopt the well-known brand of its parent, Travelers Insurance. Offically, the Premier Insurance Company of …
October 12, 2007
A woman who worked for the company that processes Alabama Medicaid claims on pleaded guilty to charges of stealing the identities of nearly 500 Alabamians, Attorney General Troy King said. Kwantrice Thornton, 24, was charged with stealing the information from …
October 11, 2007
North Carolina officials arrested two individuals on charges of insurance fraud and automobile title fraud this week. Andrea Martinez Hernandez, 33, and Octavio Telles Segura, 30, allegedly share three Elizabeth City, N.C., addresses but are believed to actually reside in …
October 9, 2007
Criminal activity in identity fraud touches more than a quarter of a million victims each year in Washington state, and “sucks” well more than $1 billion from the state’s economy, according to Seattle-based PEMCO Insurance. Fraud crimes account for losses …
October 8, 2007
The business owner policy (BOP) of today is not the BOP of yesterday, industry experts agree. When the first BOP coverage was introduced in the late 1970s, it was mostly utilized by direct writers whose niche in the insurance market …
October 8, 2007
New data compromise coverage helps businesses respond when data loss occurs The breach of personal data stored in business files and computers is a serious risk for any company that controls the information. Customers and employees may become the victims …