The number of ambulance runs to accidents in Lawrence, Mass., fell sharply in the five months after the city began cracking down on automobile fraud, according to police. The Eagle-Tribune reported in the second installment of a five-part series about …
A two-student team from Hempstead High School overcame the best in the state to win the Iowa finals of the FORD/AAA Student Auto Skills contest. The competition is designed to find the most talented young auto technicians in the United …
Staged vehicle collisions are an increasingly popular and deadly part of New York State’s fraud problem. Through various scams, insurance cheats stage vehicle accidents and then submit bogus claims to insurers for payment. These crimes are oftentimes committed by large-scale …
Florida’s Chief Financial Officer Tom Gallagher has announced that he is urging state regulators to require insurance companies operating in Florida to give special consideration to service personnel who experience lapses in their insurance coverage. “It is only recently that …
A defense attorney for Chicago broker Michael Segal told jurors Tuesday that prosecutors failed to call to the stand a key figure in the case—the former company bookkeeper who the government says helped Segal siphon millions from his insurance company. …
The MassMutual Financial Group, a global diversified financial services organization, announced that Massachusetts Mutual Life Insurance Company and its affiliates would re-enter the market for Mississippi municipal bonds following the passage of tort reform legislation in the state. “By enacting …
Texas Lt. Governor David Dewhurst has reportedly taken State Farm and Farmers to task for not lowering their homeowners rates in the state at a faster pace and contesting the decreases in court. A report in the Houston Chronicle from …
A Standard & Poor’s survey found that two-thirds of insurance executives and analysts believe the recent mergers of St. Pauls/ Travelers and John Hancock/ Manulife indicate heightened industry consolidation activity. The survey, released in conjunction with S&P’s 20th annual insurance …
The top state government affairs official for the National Association of Mutual Insurance Companies encouraged insurance regulators to exert leadership in their states to achieve personal lines rate modernization as the key to achieving fundamental reform for the property/casualty insurance …
Nearly every news service in the world has picked up on the story about Lloyd’s underwriter Jonathan Thomas, who created a policy covering the loss of an unnamed male model’s chest hair. Thomas, who underwrites for a syndicate managed by …