North Carolina Insurance Commissioner Jim Long has announced the conclusion of an insurance fraud case against Eugenie H. Johnson of Fayetteville, who was accused of embezzling more than $220,000 from an insurance agency where she worked. Johnson was sentenced to …
The shareholders’ equity of many insurers and reinsurers is coming under greater pressure than anticipated as P/C losses from the 2004 hurricane season continue to rise with new estimates, according to a report by Standard & Poor’s Ratings Services. The …
A.M. Best Co. announced that it has downgraded the financial strength rating to “A” (Excellent) from “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 …
Anthony Ray Willis, 34, of Anaheim, pled guilty this week to two felony counts -grand theft and transacting bail without a license – in Orange County Superior Court. The case, resulting from an investigation conducted by the California Department of …
Maryland Attorney General J. Joseph Curran, Jr. announced that Shannon Smith, 23, of Baltimore, and Janelle Wiegand, 23, of Laurel, each pleaded guilty in Harford County Circuit Court to felony insurance fraud. The Honorable Maurice Baldwin, Jr. sentenced each defendant …
Two Texas consumer organizations—the Center for Economic Justice (CEJ) and Texas Watch—announced they are calling on Gov. Rick Perry to appoint a new insurance commissioner to replace José Montemayor who asked in January not to be reappointed to a new …
Washington legislators reportedly hold the fate of up to 25,500 of its least-skilled workers as they consider passage of a “play or pay” health care mandate on Washington businesses. A study conducted by The Employment Policies Institute (EPI) reveals new …
The proposal being considered by Wyoming lawmakers to create a medical review panel to help weed out frivolous medical malpractice lawsuits might do more harm than good, according to an official with a doctors’ trade association. The Wyoming Medical Society …
Florida-based Poe Financial Group announced its request for a “non-rating” from A.M. Best on its member companies, Southern Family Insurance Company and Atlantic Preferred Insurance Company. “Florida’s Department of Insurance has reviewed our financial reports and is completely satisfied that …
AIR Worldwide Corp. has issued a white paper that offers U.S. insurers guidelines for answering questions in the terrorism The SRQ requires companies to demonstrate how they analyze and manage exposure to terrorism risk. The white paper explains in detail …