Monthly Archives: <span>April 2008</span>

7 Accused in Mass. Auto Insurance Accident Staging Conspiracy

Seven people have been indicted in Essex County (Massachusetts) for allegedly conspiring to stage automobile accidents to collect insurance payments. A grand jury returned the indictments last Friday against two attorneys, two chiropractors and three others. They’re accused of faking …

European Insurance Forum Examines Industry Changes

The 10th edition of the European Insurance Forum wrapped up proceedings on Tuesday night. The two-day conference, held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management Association (DIMA), focused on some major issues of worldwide …

S&P Lowers Ratings on 4 Mortgage Insurers; Conference Call Today

Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit rating on four U.S. Mortgage insurers as follows: MGIC Investment Corp. to ‘BBB’ from ‘A-‘ and its counterparty credit and financial strength ratings on the mortgage insurance …

Mississippi River Traffic Limited after 2 Accidents at Old Vicksburg Bridge

Towboats in single file slowly negotiated their line of barges past a Mississippi River bridge in Vicksburg Monday, a safety measure ordered after weekend accidents scattered barges in the swift current of the swollen river. No injuries were reported and …

Indicted Alabama Insurance Executive Claims Political Retaliation

A Montgomery, Ala. insurance executive indicted by a federal grand jury is blaming his legal problems on political retaliation by Republicans, including the governor, a politician the executive once supported but later sued. “If these politicians think they can intimidate …

Florida Reviewing Allstate’s Document Release

Allstate has put about 150,000 pages of documents related to its pricing policy on its Web site, but it didn’t appear Monday to satisfy the state, which has suspended the insurance giant’s right to do new business in Florida. State …

Tennessee Fire Marshal Reminds Outdoor Chefs of Grilling Dangers

Tennessee State Fire Marshal and Insurance Commissioner, Leslie Newman, reminds Tennesseans that being safe while cooking outdoors is just as important as practicing fire safety while cooking indoors. According to the National Fire Protection Association (NFPA), gas and charcoal grills …

North Carolina Man Charged with Filing Fraudulent Diamond Ring Claim

North Carolina officials arrested a Garner, N.C. man and charged him with one count of insurance fraud and one count of obtaining property by false pretense, according to Insurance Commissioner Jim Long. Long said a Department of Insurance investigator arrested …

Lawyer Tries to Revive Suit Against Boxing Commission

With information from a new documentary film supporting his case, an attorney is trying to revive his lawsuit against the New York State Athletic Commission over its handling of the 1983 bout where a fighter took a beating from doctored …

Insurers Keen on NCAA’s Basket-Full of Opportunities

The University of Kansas men’s basketball team may have been the big winner at last night’s NCAA championship — but when it comes to the NCAA’s bonanza of sponsorship benefits from basketball and other sports, some insurers say they’re big …