California-based Unico American Corporation announced that for its quarter ended June 30, 2003, revenues were $12,292,016 and the net income was $561,276 ($0.10 diluted income per share) compared with revenues of $11,328,455 and net loss of $3,662,872 ($0.67 diluted loss …
Two former insurance agents have been sentenced to imprisonment and ordered to pay $322,000 in restitution after an investigation by the California Department of Insurance revealed the two had allegedly stolen insurance premiums from more that 500 fraudulent auto insurance …
New Jersey Attorney General Peter Harvey announced that a Hudson County woman has been sentenced for forging drug prescriptions as part of a reported scheme to illegally obtain controlled prescription drugs. According to Vaughn McKoy, Director, Division of Criminal Justice …
Insurance fraud rings long-established in New York City are now reportedly targeting the suburbs for their scams as the fraud indictments announced this week by the Suffolk County District Attorney’s Office vividly demonstrate, according to the National Insurance Crime Bureau …
ProAssurance Corp. of Birmingham, Ala., reported significant increases in premiums, income and earnings per share for the quarter and six months that ended June 30, 2003. In addition, according to the company the professional liability segment continued its return to …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) with a negative outlook, and has removed them from CreditWatch where they were placed on April 29, …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and insurer financial strength ratings on the core operating entities of Germany-based insurance group, Gerling NCM Credit and Finance AG (collectively Gerling NCM) with a stable …
France’s SCOR Group reported 2.069 million euros ($2.34 billion) in gross written premiums for the first half of 2003, compared to 2.51 billion euros ($2.84 billion) for the same period in 2002, almost an 18 percent drop. The decrease is …
In an effort to decrease the number of uninsured drivers from the more than 1.1 million motorists without insurance, Gov. Jennifer Granholm will work with Michigan’s Secretary of State to upgrade the state’s computer tracking system. Additionally, state Rep. Gary …
Insurance fraud rings long-established in New York City are now reportedly targeting the suburbs for their scams as the fraud indictments announced this week by the Suffolk County District Attorney’s Office vividly demonstrate, according to the National Insurance Crime Bureau …