Representatives of the insurance industry in Florida met last week with the Office of Insurance Regulation (OIR) to try and reach a compromise a draft proposed regulation dealing with the use of insurance scoring in underwriting and rating. “The effect …
Jimmy L. Jones of Victoria, Texas pleaded guilty to workers’ compensation fraud-related charges recently. The court sentenced Jones to two years in a state jail facility, probated for three years. The court also ordered Jones to pay $3,825 in restitution …
ODS Health Plan, Inc., has been fined $17,500 for reported past violations of state insurance laws and administrative rules. The Portland-based health insurer potentially faces an additional $20,000 penalty if Oregon’s Insurance Division of the Department of Consumer & Business …
NACE 2003 is returning to sunny Florida this Dec. 4-7 for the 21st annual World’s Collision Repair Event. Speakers, networking with fellow professionals and industry experts, shopping today’s top products and services offered by worldwide companies, participating in hands-on demonstrations …
The Society of Environmental Insurance Professionals Forum will be held in Atlanta Nov. 29-30. For further information, contact (877) 735-0800 or log onto: www.armr.net
After years of low interest rates and volatility in the equity markets, senior insurance company executives are reportedly shifting their focus from asset management back to insurance basics. A new survey by the global insurance services practice of Deloitte reportedly …
Fitch Ratings has placed its ‘BBB+’ long-term senior debt and ‘F2’ commercial paper ratings of The St. Paul Companies, Inc. (SPC) on Rating Watch Positive. This follows Monday’s announcement that SPC and Travelers Property Casualty Corp. (Travelers) will merge through …
Safeco announced that claims stemming from the recent California wildfires are estimated at $16.0 million in pretax catastrophe losses. This figure represents the estimated losses both from claims received through Nov. 14 and future expected claims. The effect on fourth-quarter …
Vaughn McKoy, Director, Division of Criminal Justice, announced that two New Jersey men have been charged with reportedly filing false unemployment insurance claims which resulted in the theft of more than $21,100 from the state unemployment insurance program. According to …
Bermuda-based ESG Re Limited (ESREF.PK) reported its financial results for the quarter ended Sept. 30, 2003. The company reported total revenues for the three months ended Sept. 30, 2003 of $22.3 million, including net premiums earned of $21.3 million. The …