Common wisdom has it reportedly that it’s the young men who are the fast drivers. Not anymore, reveals a national survey from The Hartford Financial Services Group. “Our culture traditionally has associated young men with fast cars and fast driving,” …
North Carolina-based Pillowtex Corporation has filed a motion with the U.S. Bankruptcy Court in Wilmington, Del. seeking court approval for a plan to address payments associated with an estimated $5 million in unpaid employee medical claims incurred prior to the …
Ohio Sen. George Voinovich will not return the $85,000 now-bankrupt PIE Mutual Insurance co-founder and convicted fraudster Larry Rogers donated to his campaign, according to the Associated Press. PIE, once a leading medical liability insurer, went belly up in 1998 …
A Hialeah, Fla. clinic owner and another individual were arrested and charged with one count each of racketeering, organized scheme to defraud, insurance fraud and grand theft following a joint investigation conducted by the state’s Department of Financial Services’ Fraud …
New Jersey Attorney General Peter Harvey announced that the reported architect of a large scale, multiple defendant conspiracy to defraud two insurance companies out of more than $600,000 has been sentenced to five years in state prison for his role …
Too many New Yorkers tolerate auto insurance fraud and abuse, helping make auto insurance premiums here nearly the highest in the country, according to the New York Alliance Against Insurance Fraud (NYAAIF). A survey by the Insurance Research Council found …
Pasadena, Calif.-based PAULA Financial announced net income for the second quarter of 2003 of $0.02 per share compared to $0.01 per shares for the 2002 period. Total revenue for the second quarter of 2003 was $4.3 million compared to $2.9 …
Three insurance trade associations announced that a Sacramento Superior Court sustained their challenge to the legality of a homeowners insurance Emergency Regulation issued by the California Department of Insurance (CDI) to all residential property insurers in the state. The three …
Sovereign Risk Insurance Ltd., a joint venture between subsidiaries of XL Capital Ltd. and ACE Limited, that writes political risk policies in emerging markets, announced that its sixth year of operation had been quite successful. “For the fiscal year ending …
The Insurance Bureau of Canada reported that insurers in British Columbia are acting quickly to assist policyholders whose homes and businesses have been affected by the forest fires currently raging in the province (See IJ Website August 25). “It is …