Monthly Archives: <span>September 2003</span>

N.Y. Man Sentenced in Arson Fraud Case

New York’s Superintendent of Insurance Gregory Serio, Genesee County District Attorney Lawrence Friedman and Genesee County Sheriff Gary Maha, issued a joint bulletin stating that Michael Puzan, of Warsaw, New York, was sentenced in Genesee County Court to a term …

NACE 2003 Conference Offers 45+ Educational Sessions

The International Autobody Congress & Exposition (NACE) 2003 Conference will include 45+ educational sessions covering shop management, general interest, small shop, vehicle repair, lifestyle, jobber and insurance topics when it takes place in December. Sixteen of the sessions will be …

Fla. Agents Charged with Selling Millions of Dollars in Unregistered Securities

Four southwest Florida insurance agents are facing several felony counts for their alleged sale of millions of dollars in unregistered securities to investors throughout Florida and several states. The charges are the result of an investigation by the Department of …

New Orleans/Hammond Agent Suspended

Louisiana Insurance Commissioner J. Robert Wooley announced the Department of Insurance Fraud Unit investigators have served Heather Lynn Blair Barras, 26, of 560 Sunset Dr., Slidell, with a cease and desist order and summary suspension of her insurance license, prohibiting …

RMS Reconnaissance Team Preparing to Assess Damage in Bermuda

California-based Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, was preparing to send a reconnaissance team to Bermuda to assess the damage caused by Hurricane Fabian, which made landfall last Friday. RMS …

Survey Says Two-Thirds of U.S. Renters Live Without Insurance

A new independent consumer survey conducted for the Independent Insurance Agents & Brokers of America (IIABA) has reportedly found that nearly two-thirds of those living in U.S. rental properties are currently risking severe financial loss by going without renters insurance. …

Young Women Reportedly in the Driver’s Seat

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,” …

WHO to Promote Road Safety

The World Health Organization (WHO) has designated “Road Safety” as the theme of next year’s World Health Day (WHD), to be observed April 7, 2004. The resolution, adopted by the General Assembly can be read at: http://www.who.int/violence_injury_prevention/violence/en/813.pdf. The “I Promise …

Munich Re Posts Fifth Consecutive Quarterly Loss, as Taxes Hit Profits

Germany’s Munich Re can’t seem to buy a break. Despite good gains in operating profit, 777 million euros ($845 million) in the first six months of 2003, the world’s biggest reinsurer posted its fifth consecutive quarterly loss, 603 million euros …

Calif. Couple Arrested on Three Felony Counts of Fraud

Samantha M. Dean, 37, and Artemus M. Steele, 27, both of Sacramento, were arrested and booked into the Sacramento County Jail on three felony counts each of insurance fraud. Bail for each was set at $5,000. If convicted, they each …