The California Department of Insurance (CDI) Los Angeles County Auto Insurance Fraud Task Force arrested 14 people, including two insurance brokers, suspected of defrauding three insurance carriers in a criminal conspiracy. The defendants allegedly sold insurance policies to uninsured motorists …
State District Judge Scott Jenkins in Austin gave a nod to the $117.5 million settlement between the state of Texas and Farmers Insurance Group. According to the Austin American-Statesman, the preliminary approval ends a long legal process involving claims that …
Two Louisiana agents have been served cease and desist orders for allegedly misappropriating their clients’ insurance premiums, among other charges, Commissioner of Insurance Robert Wooley announced. Garrett Lane Frey of Crowley is accused of misleading policyholders regarding annuities they had …
Alaska consumers could reportedly face higher insurance rates from a less competitive insurance market if a bill just sent to Gov. Frank Murkowski’s (R) desk is signed into law. The Alaska Legislature has approved legislation that restricts insurers’ use of …
While the rest of the economy struggles with worker layoffs, independent insurance agencies are reportedly facing a very different problem: filling their jobs with knowledgeable workers. As a result, more firms facing a shortage of qualified workers, have shifted from …
Pennsylvania Insurance Commissioner Diane Koken, in her capacity as the state regulator for the industry, released the results of the Private Passenger Automobile Underwriting Guidelines review conducted by the Department’s Market Conduct Division. “On August 16, 2002, the Market Conduct …
Investigators from Workforce Safety & Insurance, the Attorney General’s office and the Secretary of State’s office will be joined by Job Service North Dakota investigators as the Construction Compliance Task Force deploys this spring. The Task Force will spot check …
Atlanta-based Crawford & Company recently announced that Joe Caporaso has joined the company as its senior vice president, treasurer and chief risk officer. Caporaso has more than 13 years of experience in various financial and operational positions within the claims …
Valley Oak Systems, Inc. (VOS), a national provider of claims management software, services and support, announced that Acacia Pacific Holdings, Inc., a managing general underwriter and managing general agent specializing in California workers’ compensation insurance, has selected iVOS, the first …
The Midland Company, a Cincinnati-based provider of specialty insurance products and services, announced a preliminary catastrophe loss estimate of approximately $12 to $13 million (pre-tax) from the series of storms and tornadoes that hit the midwestern, south central and southeastern …