October 30, 2009
Georgia officials say they have arrested the ringleader in a fraud ring operating in Savannah, that collected nearly $95,000 from six insurance companies by staging accidents and filing bogus claims. Insurance Commissioner John W. Oxendine said Joseph T. Morris Jr., …
October 30, 2009
Pennsylvania-based Donegal Mutual Insurance Co. and Georgia-based Southern Mutual Insurance Co. have finalize an affiliation they announced in early September. The deal brings Southern Mutual into Donegal’s insurance pool and gives the Georgia insurer additional products to sell. Southern Mutual …
October 29, 2009
A workers’ compensation insurer for 3,000 public entities, hospitals, private companies and associations in Georgia has been declared insolvent and will be liquidated. Fulton County Superior Court Judge Thomas Campbell on Oct. 27 approved the liquidation order for Southeastern US …
October 28, 2009
Attorney Maria Sheffield has become the latest candidate to enter the Republican primary to be the next insurance commissioner in Georgia. She is one of several candidates hoping to succeed current Insurance Commissioner John Oxendine, who is running for governor. …
October 26, 2009
A Mableton man whose home was heavily damaged by floods last month has won $250,000 playing the Georgia lottery. Michael Sussman said he plans to buy a new home for his family with his winnings. The 38-year-old and his wife, …
October 23, 2009
Atlanta, Ga.-based Insurance Specialty Group, LLC and Pacific Wholesale Insurance Brokers have created a product that combines commercial general liability insurance, risk management and loss control with a home buyers warranty and home inspections. The target market for this ISG …
October 22, 2009
Universal Property and Casualty Insurance Co. (UPCIC) reports it has received approval for a premium rate increase for its homeowners program in Florida. The premium rate increase, which will average approximately 14.6 percent statewide, was approved by the Florida Office …
October 21, 2009
Workers in eight Georgia counties have until Monday to file initial claims for federal Disaster Unemployment Assistance to compensate for loss of income directly resulting from severe storms and flooding last month. DUA is a federal program established to help …
October 20, 2009
The Georgia Supreme Court has ruled that injured motorists are not entitled to maximize their insurance coverage by combining commercial auto insurance policies on several vehicles to cover one accident, a tactic known as stacking. The state’s high court reversed …
October 19, 2009
A new report shows a continuing trend of recovery for the medical malpractice industry in Florida that had been experiencing double-digit rate increases and lack of availability prior to legislative reforms enacted in 2003. The report shows a net decline …