United States Attorney Michael Shelby announced recently the indictment of two Houston area women for health care fraud. Earlier this month, a federal grand jury returned a 22-count indictment charging Brenda Franklin Harris, 58, and Rosalind Michelle Jones, 38, of …
Disaster recovery officials announced recently that FEMA has already approved more than $390.7 million in assistance to more than 153,000 individuals and families in Puerto Rico. Fifty-eight municipalities were declared disaster area making them eligible for federal aid to help …
Oklahoma state prosecutors plan to appeal a judge’s recent decision to dismiss an embezzlement count against former state Insurance Commissioner Carroll Fisher, according to the Associated Press. “I’m not seeing it,” Oklahoma County Special Judge Fred Doak said in ruling …
Pennsylvania Insurance Commissioner Diane Koken has shut down the operations of Nation’s Hazard Insurance Agency, which has been doing business as Nation’s Hazard Insurance Company. The company is reportedly an illegal insurance entity that sold errors and omissions coverage for …
As scenes of utter devastation played across the world’s television screens, local authorities and volunteer rescue workers continued the grim job of collecting and burying the bodies of the victims who perished in the massive onslaught of tidal waves in …
More than $114 million in hurricane claim losses have been reported in Georgia by John Oxendine, Insurance Commissioner, while Hurricane Ivan accounted for $75 million in damages. A number of families in metro Atlanta are still recovering from flood damages …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) of American Re Corporation Group’s member companies, which include American Re-Insurance Company, American Alternative Insurance Corporation and The Princeton Excess & Surplus Lines Insurance Company …
A.M. Best Co. has released a year-end report on the U.S. P/C industry, which indicates that, “despite the colossal hurricane losses posted during the third quarter of 2004,” it “reported very strong nine-month 2004 operating results, propelled by underwriting income …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Toronto-based Swiss Reinsurance Company Canada, and has assigned an issuer credit rating of “aa”. The outlook for both ratings is stable. “The affirmation reflects …
Standard & Poor’s Ratings Services announced that it has affirmed its “AA-” counterparty credit and financial strength ratings on Toa Reinsurance Co. of America, reaffirmed its negative outlook, and said it considers the company to be a core subsidiary of …