The Office of the Insurance Commissioner (OIC) reportedly recovered nearly $36 million for Washington consumers through insurance intervention services during the two-year period ending June 30, 2003. Intervention services included free assistance with claims disputes, answers to inquiries regarding life, …
A man banned from the insurance industry has been charged with organized fraud and grand theft, according to investigators with Florida’s Division of Insurance Fraud. Anthony Michael Pascale, 32, of Hollywood, was arrested as investigators allege that from May 2002 …
Chicago-based Hub International Limited reported strong growth in the second quarter and first half of 2003, leading the company to update its earnings guidance for the full year. All financials are reported in U.S. dollars. “The underlying performance of our …
New Brunswick auto insurers have reportedly been caught in a bureaucratic process that until now has effectively prevented insurers from providing relief for consumers. Bill 1 changes the rules so that insurers can immediately begin using lower rates as soon …
Ohio-based State Auto Financial Corporation State Auto Financial Corporation reported second quarter net income of $8,301,000, or $0.21 per diluted share, versus a loss of $1,385,000 or $0.04 per diluted share for the same period 2002. Net operating earnings* per …
The Florida Department of Financial Services announced that Michael Bander, of Pensacola, former owner of Everyone Rides Car, Truck and SUV Center, is facing charges of organized fraud, theft, retail installment sales fraud and insurance fraud. Consequently, Florida’s Chief Financial …
The North Carolina Department of Insurance noted that a report released by the National Association of Insurance Commissioners (NAIC) indicates that North Carolina has the ninth lowest auto insurance rates in the nation, breaking into the top 10 after hovering …
The California Workers’ Compensation Insurance Rating Bureau (WCIRB) submitted its annual regulatory filing to the California Insurance Commissioner July 30. In its filing, the WCIRB proposed the following: *An average increase in advisory pure premium rates of 12.0 percent to …
San Francisco-based U.S.I. Holdings Corporation reported record financial results for the second quarter ended June 30, 2003. Net income from continuing operations for the quarter increased $5.3 million to $7.6 million from $2.3 million recorded during the same period in …
New Jersey Attorney General Peter Harvey announced that an Essex County doctor and his niece have been charged by the Division of Criminal Justice – Office of Insurance Fraud Prosecutor with reportedly falsifying medical records and submitting nearly $50,000 in …