Patrick James Murphy, 45, of Norco, pled no contest in Los Angeles Superior Court, recently, to 39 felony counts, including grand theft and elder abuse. Superior Court Judge David Horwitz sentenced Murphy to four years in state prison and ordered …
Lloyd’s Chairman, Lord Peter Levene, told more than 250 senior brokers at the first Lloyd’s European Symposium, held at the Grange City Hotel in London, that now is the time for Lloyd’s to take whatever steps are necessary to make …
New Jersey’s Acting Attorney General Peter Harvey announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained criminal indictments against 22 persons on charges that they planned or participated in the staging of fake automobile …
The Los Angeles City Attorney filed three counts of grand theft against Arshak (Mike) Rostomyan, 27, of Glendale, for allegedly defrauding consumers by selling bogus insurance policies. According to the California Department of Insurance (CDI) Investigation Division, Rostomyan, who owns …
In a move that will reportedly prohibit unfair competition in the state’s workers compensation insurance market, the Minnesota Legislature has recently taken action to prohibit state workers’ compensation funds of other states from providing coverage in Minnesota. Legislators quickly passed …
The Alliance of American Insurers (AAI) commended Sen. Orrin Hatch (R-UT) for introducing a much-anticipated asbestos reform proposal, the “Fairness in Asbestos Injury Resolution Act of 2003” and pledged to work closely with him and others involved in the process …
Standard & Poor’s Ratings Services has affirmed its ‘AA’ counterparty credit and financial strength ratings on the insurance subsidiaries that make up the ACE Capital Re Group (ACR): ACE Capital Re International Ltd., ACE Capital Re Overseas Ltd., ACE Capital …
Standard & Poor’s commented on Aetna Inc.’s (BBB/Stable/A-2) announcement that it has reached an agreement to settle the class action lawsuits involving more than 700,000 doctors and allegations dating back to 1990. In the agreement, Aetna has agreed to pay …
Ohio Insurance Director Ann Womer Benjamin ordered International Water Marine Safety Foundation and North American Marine General Insurance Co. to stop writing insurance policies in Ohio. The property and casualty insurers are reportedly not licensed to conduct business in the …
Personal Injury Protection (PIP) legislation may not be dead after all in Florida, as the Florida Senate approved a PIP package supported by an unlikely alliance including Florida Insurance Council, personal injury lawyers and doctors. According to the FIC, the …