A Louisville businessman recently pleaded guilty to eight felony counts of insurance fraud/complicity and eight felony counts of criminal possession of a forged instrument/complicity, according to state officials. The case was investigated by the Kentucky Department of Insurance Fraud Investigation …
When Paul Dix, principal of Wisconsin’s Oakfield High School, received a call recently about a new fundraising opportunity for the school, he was expecting the usual candy sale or gift wrap catalog. What he didn’t expect was the opportunity to …
New Hampshire’s House is considering doubling small claims court limits to $10,000. The bill would require mediation in cases where claims exceed $5,000. Supporters said raising the damages limit will allow people who can’t afford a lawyer to represent themselves …
A bailout of troubled CL Financial Ltd. by Trinidad and Tobago’s central bank has been having ripple effects across the Caribbean, where regulators are liquidating the sprawling firm’s insurance subsidiaries to protect depositors. The Trinidad-based conglomerate, weakened by bad real …
Gulfport, Mississippi Mayor Brent Warr, who is under indictment on several counts of fraud, will not run for re-election. Warr made the announcement this week in a videotaped message released by his office. Warr and his wife, Laura, are accused …
Standard & Poor’s Ratings Services has said that its “ratings and outlook on Germany-based global reinsurer Munich Reinsurance Co. (AA-/Stable/–) and core related entities (collectively Munich Re) are unaffected by Munich Re’s withdrawal of its 2010 earnings target” [See IJ …
Nebraska’s highest court will determine whether a state insurance guaranty fund must cover nearly $1 million in losses suffered by 26 Nebraskans in a life insurance deal. The Nebraska Supreme Court heard arguments this week in the appeal and cross …
A Massachusetts man has been arraigned in Suffolk Superior Court in connection with allegedly submitting false dental injury reports to insurance companies in order to receive cash settlements. Tod Schaffer, 42, is charged with 19 counts of insurance fraud, 10 …
A group looking for ways to prevent another serious flood in northwest Ohio said it will use $3 million in state aid to buy homes and land along the Blanchard River in two hard-hit towns. Buying the low-lying properties in …
New York state will try to sell Midland Insurance, which is being liquidated with almost $1 billion of assets and $2.9 billion of liabilities, in the first-ever sale to private investors, the state insurance chief said Wednesday. Midland was both …