A Lehigh Acres, Fla. insurance agent can no longer legally transact insurance in Florida after pleading guilty to charges of misappropriating insurance premiums. The Florida Department of Financial Services announced that Steven Allen Hayhurst-Ricciardi, entered his plea on April 7 …
Payments by private insurers to state property/casualty guaranty funds have hit a 15-year high, spurred by increased insolvencies, according to a study by the Alliance of American Insurers. Net assessments paid by property/casualty insurers to guaranty funds totaled $735 million …
Mississippi Insurance Commissioner George Dale announced that the recent storms that hit central Mississippi are turning out to be much more expensive than previously thought. Dale said preliminary numbers on the cost of the storm, which brought a combination of …
New York Superintendent of Insurance Gregory Serio announced the arrest of Raphael Benjamin of Brooklyn, New York, who was charged with insurance fraud, forgery, grand larceny and falsifying business records. It is alleged that Benjamin, 63, sold a fraudulent automobile …
Cliff Zlotnik (ASCR’s immediate past president and the Water Loss Institute’s Inaugural president in 1996 and 1997) and Pete Consigli (education chair of the WLI from its inception in 1995 to 1999 and presently the Institute’s “Good Will Ambassador) have …
Pennsylvania Commissioner Diane Koken has released enforcement actions and market conduct examinations taken in March against insurance producers and companies licensed to conduct business in the Commonwealth. Enforcement actions are taken after an investigation reveals violations of Pennsylvania statutes or …
The Loss Prevention Partnerships program (LPP), a demonstration project of the NeighborWorks® National Insurance Task Force (NITF), has reached its midway point with tangible results. The LPP’s goal is to educate homeowners about home safety and reduce insurance risk. Five …
Former Louisiana insurance commissioner Jim Brown was released from prison after serving a six-month sentence for lying to the FBI. According to the New Orleans Times Picayune, the ex-commissioner left in style—in a limousine chartered by his wife, Gladys. He …
As part of its national rollout of a “new breed of service centers,” Progressive Insurance has opened one such center in Columbus, Ohio, providing one-stop convenience option for customers or anyone in the area who has a claim with Progressive. …
Corporation Service CompanySM (CSC), a provider of law office services for Fortune 500* company legal departments and law firms across the country, has published The Directors’ Handbook by Thomas J. Dougherty. Dougherty, a partner at Skadden, Arps, Slate, Meagher & …