Florida officials arrested a Palm Beach County man on Personal Injury Protection insurance fraud charges, according to Florida Chief Financial Officer Alex Sink. Last week’s arrest concludes the arrest of four South Florida residents on charges they perpetrated a PIP …
When long-time regulator Leonard Crouse retires as deputy commissioner of the Vermont Captive Insurance Division in June, David F. Provost will step up to the post. Provost is an assistant chief examiner in the division who has risen in the …
Register today for the Reinsurance Association of America’s reinsurance basics course, Demystifying Reinsurance: A Basics of Property/Casualty Reinsurance Course, May 12-14, 2008, at the Drake Hotel in Chicago. Taught by highly regarded industry professionals, Re Basics, is the perfect primer …
A.M. Best Co. has revised the outlook to positive from stable for the issuer credit rating (ICR) and debt ratings of Germany’s Hannover Rueckversicherung (Hannover Re) and its rated subsidiaries. Best also affirmed these ratings as well as Hannover Re’s …
A.M. Best Co. has withdrawn the financial strength rating of ‘A’ (Excellent) and assigned a category of NR-5 (Not Formally Followed) to Kansas-based KFBInsurance Company, formerly a wholly owned subsidiary of Farm Bureau Mutual Insurance Company, and a fully reinsured …
Oregon’s Department of Consumer and Business Services is proposing to permanently adopt a temporary rule that reduces fees for license examinations and reexaminations for insurance producers, adjusters and insurance consultants. DCBS also is proposing to change the biennial renewal date …
In 2007, Texas insurers recorded one of their most profitable years of the decade, prompting some consumer advocates to call for tougher state regulation on homeowner rates. Financial reports released by the Texas Department of Insurance indicated most companies had …
Mass. state regulators suspended the medical license of an obstetrician who has reportedly been sued for malpractice at least a dozen times since 1993. The Board of Registration in Medicine suspended Dr. Suzanne Rothchild’s license after reviewing nine complaints against …
A British man accused of faking his death in an insurance scam pleaded guilty to fraud. His wife denied involvement, and will stand trial later this year. John Darwin, 57, admitted obtaining money by deception and obtaining a false passport. …
Local governments in southern Missouri affected by flooding and a winter storm last month are eligible for federal aid. Gov. Matt Blunt asked for the assistance several weeks ago after damage assessment teams attributed almost $14 million in infrastructure damage …