California Insurance Commissioner Poizner warned California licensed insurance agents and brokers to beware of a scam. According to the Department of Insurance, individuals have been reportedly calling licensed insurance agencies and representing themselves as employees of the California Department of …
Florida Gov. Charlie Crist has signed into law a bill that restores a cap on the fees attorneys may charge in workers’ compensation cases. A previous law limiting the fees had been ruled unreasonable by the state’s highest court. But …
A federal jury has determined that Ford Motor Co. should pay a 38-year-old Oakland man $18.3 million after he was paralyzed in a crash in a Ford van. Jurors awarded Dax Pierson $12.3 million for medical expenses and lost earnings …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb+” of New York-based Hermitage Insurance Company, and has revised its outlook on the ratings to …
The California Senate has passed SB 156, a bill that would authorize the Department of Insurance or a district attorney to convene meetings with an insurance company to discuss a specific insurance fraud and would provide that any person sharing …
The Consumer Product Safety Commission gets a new chief, at least temporarily, next week. Acting Chair Nancy Nord plans to step down and fellow commissioner Thomas Moore will take over as acting head on June 1 until a new chairman …
Lafayette detectives have arrested a 38-year-old Franklin man on 90 counts of money laundering. Cpl. Paul Mouton said on Wednesday that Paul Verdon is accused of creating a fictitious insurance investigation company and billing for services that were never performed. …
A Maryland man has been charged with setting fire to a house he owned after falling behind on mortgage payments. Stephen Swanhart was charged Tuesday with arson, malicious burning, malicious burning fraud and presenting false or misleading information. Investigators found …
A Claiborne County jury has ruled that three companies do not owe a Mississippi man anything for his claims he suffered from silicosis after using their products. Lawyers for 73-year-old Eugene Westrope of Hazlehurst asked jurors for $4.5 million in …
Insurance giant Allstate Corp. is closing its claims office in South Portland, a move that affects 55 people. Company spokesman Mike Siemienas said Wednesday the shutdown will take place by July 31 and is part of a consolidation of claims …