Wording in National Association of Insurance Commissioners compensation disclosure model legislation that could negatively affect the long-standing practice of contingent commissions was discussed in Atlanta by Georgia Insurance Commissioner John Oxendine, Steve Jones, president and Jerry Duke, executive vice president …
Attorney General Kelly Ayotte announced recently that the State of New Hampshire’s lawsuit against Alfred Verdone d/b/a AA Builders has been settled. In July of 2004, the State filed suit in Belknap County Superior Court against Alfred Verdone who was …
United States Attorney Michael Shelby announced that Monet Selders, 36, the operator of three Houston area physical therapy clinics, who cooperated extensively with the government’s investigation and prompted the prosecution of a number of others, was sentenced this month to …
Despite a second year of unprecedented catastrophe losses, increasing competition is already forcing underwriters to choose between sacrificing premiums, profit or capital, according to a comprehensive report on the 2004/5 reinsurance renewals prepared by Benfield, a leading independent reinsurance intermediary. …
Dr. Jack Beller, immediate past president of the Oklahoma State Medical Association, said the medical group will not press for more lawsuit reform this year, according to an Associated Press report. Beller said the association’s board of trustees had decided …
While the American Broadcasting Companies Inc. (ABC) is basking in the glow of its new award-winning night-time soap opera Desperate Housewives, the Golden State has its own soap opera developing starring the California Applicant Attorneys’ Association (CAAA), according to the …
Massachusetts-based Standard Insurance Company has selected CGI to build a new policy administration system for its employee benefits division. The technology, known as FlexInsure, combines all aspects of policy administration into a single system. FlexInsure reduces manual data entry and …
Standard & Poor’s Ratings Services has issued a bulletin indicating that its ratings and outlook on the operating subsidiaries that comprise the Alea group – currently rated “A-” with a stable outlook – will remain unchanged following the Group’s announcement …
More than three weeks after the devastating tsunamis struck 12 countries bordering the Indian Ocean, the death toll continues to rise, as hope for the missing fades. Indonesian officials announced that more than 166,000 people had now been confirmed dead …
Indiana Gov. Mitch Daniels has asked President George W. Bush for federal assistance to provide monetary help for Hoosiers devastated by flooding, ice storms and severe winter weather. After receiving preliminary damage surveys from the State Emergency Management Agency (SEMA) …