For the first time in many years the first quarter 2010 results of reinsurers will be worse than the results of their primary insurance company clients thanks in part to unprecedented catastrophe losses. Some $16 billion in losses due to …
A Lafayette, La., insurance agent has been arrested, and served with a cease and desist order, license revocation and fine notice for alleged misappropriation, misrepresentation and forgery, the Louisiana Department of Insurance reported. Joseph Stephen Buck, 26, was arrested by …
Texas Mutual Insurance Company reported that a Travis County district court has sentenced Jason Whatley of Borger, Texas, on workers’ compensation fraud-related charges. The court ordered Whatley to pay a $500 fine and repay $13,488 in benefits to Texas Mutual. …
The signs seem to sprout overnight on telephone poles and along roadsides, offering upward of $500 a week to work from home. Such solicitations have long been used by scam artists trying to lure desperate souls into sending away cash …
Authorities are investigating a partial collapse at a construction site in Brooklyn where four workers were injured, one seriously. The Fire Department of New York and the Buildings Department were investigating the collapse Monday at a building under construction on …
The U.S. Agriculture Department says deer and other wildlife ate $9.9 million worth of Maryland crops last year. The USDA said that 74 percent of the damage was done by deer. Groundhogs were the second most destructive critters, accounting for …
New York-based Utica Mutual Insurance Co. will acquire Founders Insurance Co. of Des Plains, Ill. for an undisclosed sum. Founders has annual premium of approximately $115 million in 47 states and the District of Columbia. Founders employs 200 people, mostly …
Teams of county, state and federal officials are beginning to assess the damages caused by this year’s spring flooding in Minnesota. Teams will look at possible damages to infrastructure such as roads, bridges and public buildings. The teams will be …
U.S Transportation Secretary Ray LaHood has proposed a federal rule that would to specifically prohibit texting by interstate commercial truck and bus drivers. The proposed rule would make permanent an interim ban announced in January 2010 that applied existing safety …
In an effort to help teens understand the cost and impact of fraud on society, the Idaho Fraud Awareness Coalition, sponsored by the Idaho Department of Insurance, is offering scholarships to high school seniors. Department Director Bill Deal said, “We …