New Jersey Attorney General Peter C. Harvey announced that the former owner of a Hudson County nursing home has been charged by the Division of Criminal Justice – Office of Insurance Fraud Prosecutor for allegedly stealing more than $100,000 from …
Cobalt Corporation announced that Cobalt shareholders have approved the proposed merger with WellPoint Health Networks Inc. At a special shareholder meeting held in Milwaukee, more than 99% of the shares present at the meeting voted in favor of the transaction. …
The Michigan Retailers Association (MRA) today urged state lawmakers to reject an Executive Order reorganizing departments because it jeopardizes the workers’ compensation system. In testimony presented to the House Commerce Committee, MRA President and Chief Operating Officer James P. Hallan …
The U.K.’s Royal & SunAlliance announced that shareholders have overwhelmingly approved plans for a new rights issue at a special meeting held yesterday. More than 572 million shares, representing 39.76 percent of the outstanding share capital, voted to authorize the …
Commercial Insurance Marketing Services (CIMS), a full-service insurance business development company, announced InterWest, the largest independent insurance agency in Northern California, and Hirman Insurors, a $20-million insurance agency in Rochester, Minn., have signed business development agreements with CIMS. “Our sole …
The Chubb Corporation has announced its support for the Employment Non-Discrimination Act, federal legislation that would ban workplace discrimination based on real or perceived sexual orientation. ENDA would extend fair employment practices to individuals, regardless of their sexual orientation. “It …
In an intensive seminar, the Independent Insurance Agents & Brokers of America (IIABA) explained the critical recent developments in mold exposures and litigation and broke down the finer points of insurance coverage of mold for independent agents and brokers attending …
Gilsbar, Inc., a preeminent third party administrator in the southeast, recently began targeting insurance companies for outsourced claims payment, administration, customer service, billing, eligibility, COBRA and HIPAA compliance services. Gilsbar has been administering medical plans for insurance carriers since the …
When I first became an insurance regulator in 1999, I was alarmed by the aggressive tone of those who were advocating for a takeover of state insurance regulation by the federal government. At that time, I mentioned to Mike Pickens, …
Weiss Ratings Inc. of Palm Beach Gardens, Fla., reported that U.S. property and casualty insurers’ net claims arising from the Sept. 11 terrorist attacks reached $9.3 billion by Dec. 31, 2002, compared to $8.5 billion reported through Dec. 31, 2001. …