The Oregon Department of Consumer and Business Services (DCBS) has imposed a $5 million fine on nine insurers in the American International Group (AIG) for numerous violations of Oregon insurance and workers’ compensation laws, some of them dating back to …
Larry Cucovatz has been promoted to attorney-in-charge for the California State Compensation Insurance Fund’s Special Litigation Unit (SLU). SLU is devoted to the recovery of damages involved in fraud-related activities. Cucovatz began his legal career when he was hired as …
California Insurance Commissioner Steve Poizner announced the results of the first undercover operation stemming from the Angora Fire in South Lake Tahoe. The operation took place at a residence in the disaster area that was damaged by fire, but not …
New Hampshire Gov. John Lynch has vetoed a bill that would have limited the number of parties against whom damage awards from civil suits could be apportioned. “I cannot support this change in the law because it is unfair for …
Engle Martin & Associates Inc., a national claims service provider, is moving its Dallas and Houston, Texas, offices, the company announced The Dallas office is moving to 17304 Preston Road, Suite 740, Dallas, Texas 75252. The Dallas office also includes …
Workers compensation carrier Texas Mutual Insurance Company announced a $1,752,338 dividend for the Texas Oil & Gas Association (TxOGA) purchasing group. TxOGA is the state’s largest association representing the oil and gas industry. TxOGA has earned over $5 million in …
Arkansas Insurance Commissioner Julie Benafield Bowman announced insurance agent Christy Vocque of Saline County has been sentenced to serve 60 days in a regional correction facility for committing insurance fraud. Vocque, the owner of the Vocque Insurance Agency in Bryant, …
Hidalgo County, Texas, officials are moving to block the release of an updated Rio Grande flood plain map that would force property owners to buy flood insurance. The Federal Emergency Management Agency plans to release the map declaring most of …
Standard & Poor’s Ratings Services has assigned its “A-” long-term debt rating to the proposed 30-year, subordinated, unsecured, callable notes that Spain-based insurance holding company Mapfre S.A. (A+/Stable/–) plans to issue for an expected amount of up to €1 billion. …
Standard & Poor’s Ratings Services said today that it revised its outlook on American Bankers Insurance Co. of FL, American Security Insurance Co., and American Bankers Life Assurance Co. of FL (collectively referred to as Assurant Solutions and Special Property …