Federal investigators are pursuing charges that Chicago-based Near North Insurance Brokerage has regularly failed to pay and in some cases falsely listed minority- and women-owned subcontractors on municipal insurance deals, according to confidential high-ranking sources within the beleaguered, clout-heavy firm. …
Nevada Attorney General Brian Sandoval announced that a Clark County Grand Jury recently indicted Pavel Daniel Oprea on nine felony counts of insurance fraud including three counts each of the following: false application to insurer, false claim for insurance benefits, …
Wisconsin’s OCI, responsible for overseeing the operations and marketing of companies and agents in the state, has taken the following administrative actions against a number of companies: *American Dental Plan of Wisconsin, Inc. paid a forfeiture of $1,500.00. This action …
Insurance issues will be at the forefront of topics at the 8th Annual Conference on Contract Risk Management for the Oil & Gas Industry to be held in Houston Apr. 28-29. According to the Strategic Research Institute, in addition to …
The Alliance of American Insurers (AAI) says it strongly opposes legislation aimed at creating a new, state-run mutual insurance company for the purpose of writing workers’ compensation policies in Florida. “SB 1946 and HB 1655 would create yet another state …
Italy’s Generali joined the growing list of big insurance companies – it’s Europe’s 4th largest in terms of net premiums written – posting big losses with yesterday’s announcement that the company would record a full year 2002 loss of 754 …
A Connecticut bill that would prevent insurers from using credit scoring in insurance underwriting and rating will do nothing to protect consumers, who are already protected against abuses by existing federal and state laws and regulations, according to a national …
New York State Insurance Department Superintendent Gregory Serio announced the arrest of Jonathan S. Isdell, Sr. of Schenectady, New York, for fraudulently using his son’s medical benefits identification number to obtain healthcare related services and prescription drugs. He surrendered yesterday …
In 2002, for the fourth time in the last five years, the 1989 Toyota Camry topped the target list of auto thieves, according to CCC Information Services Inc. The 1989 Camry bumps last year’s most stolen vehicle, the 1991 Toyota …
Standard & Poor’s has affirmed its ‘BBB’ counterparty credit rating on personal lines writer Infinity Property and Casualty Corp. (Infinity) based on Infinity’s and Infinity’s subsidiaries’ strong market position as the third largest nonstandard automobile writer in the U.S., extremely …