A special statewide operation targeting the arrest of nearly 80 suspects from Miami to Pensacola, Fla. for their roles in insurance fraud schemes, dubbed “operation spring cleaning,” has been launched by the Division of Insurance Fraud. “Operation spring cleaning” is …
Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal today announced an $80 million settlement agreement with Bermuda-based holding company ACE, Limited, and its U.S.-based insurance subsidiaries. The charges against the insurance giant …
The Houston East, Houston West and Missouri City field offices of the Texas Department of Insurance Division of Workers’ Compensation (DWC) are hosting a brown bag educational session on Return to Work for health care providers, employers, human resource managers, …
Southwestern Insurance Information Service announced the program for its 53rd Annual Educational Conference, June 27-28, 2006, at the Crown Plaza Hotel in Dallas, Texas. “We have arranged an outstanding array of presenters who will be addressing subjects of interest to …
The hailstorm that struck Central Texas on April 21 is expected to exceed $100 million in insured losses, according to the Insurance Council of Texas. Baseball-size hail pounded the city of San Marcos smashing vehicles at car dealerships and shopping …
“Cover the Uninsured Week” was launched in southeast Michigan this week and sponsors released a new report with government data that confirmed there is a significant gap in Michigan in the amount of health care accessed by people who do …
Leon County (Florida) Circuit Court Judge Thomas Bateman has ordered Southern Family Insurance Company, one of three financially-troubled property insurers of the Tampa-based Poe Financial Group, into rehabilitation. The two other Poe companies appear to be on the brink of …
In its submission to the U.K. Government Fraud Review the Association of British Insurers notes that fraud is a “fast growing crime, having doubled in the in the last five years. Fraud costs around £16 billion [$28.5 billion] a year, …
ACE Limited reported record net income for the first quarter ended March 31, 2006 of $489 million or $1.46 per common share after payment of preferred dividends, compared with net income of $437 million or $1.48 per share for the …
Bermuda’s XL Capital Ltd. reported net income available to ordinary shareholders for the quarter ended March 31, 2006 of $458.5 million, or $2.56 per ordinary share, compared with net income of $442.9 million, or $3.18 per ordinary share, for the …