Officials reported that Paul Edward Broussard, 68, a former insurance agent in Los Angeles was found guilty of two misdemeanor counts of theft from an elder. Broussard was sentenced on March 3 to 36 months of formal probation and 100 …
Texas Mutual Insurance Co. reported that a Travis County district court sentenced Gary C. Quintinsky of Houston to a two-year prison term for workers’ compensation fraud-related charges. Upon completion of his state prison term, Quintinsky will serve a 42-month federal …
The Mississippi River city long pilloried for refusing to build a flood wall is finally getting one to safeguard its water supply, but delays mean the structure will not be in place for possible flooding this spring. Davenport, Iowa is …
State Farm reported damage caused by wind and hail cost the company and its policyholders more than $3.2 billion in 2010. The states with the most wind/hail losses include: Illinois —44,000 claims, average cost per claim $8,150 Texas —36,000 claims, …
An increased emphasis on safe lift programs at long-term care facilities works to reduce workplace injuries and lower workers compensation costs, according to a new industry report. The National Council on Compensation Insurance Inc.’s (NCCI) study, conducted in collaboration with …
The National Insurance Crime Bureau (NICB) released its 2010 questionable claims (QC) report for Florida based on referrals received from January 1, 2008 through December 31, 2010. During this period, a total of 22,679 QCs came from Florida and 84% …
The Lloyd’s of London insurance market is confident it can deal easily with claims from Japan’s earthquake even though natural disasters almost halved its profit last year. Lloyd’s said its businesses had enough capital to withstand a Japanese quake generating …
According to authorities, Melissa Ann Rouse, 42, was served by the Department of Insurance Fraud Section Investigators with a summary suspension of her license, a cease and desist order, a $4,000 fine notice and notice of proposed license revocation for …
Flexpoint Ford, LLC, a private equity firm focused on the financial services and healthcare sectors, announced today that it has acquired a majority interest in VeriClaim from Silver Oak Services Partners, LLC. VeriClaim, provides specialized insurance claims services to insurance …
U.S. Sen. Bob Casey is asking the Department of Energy to help officials investigate migrating methane gas as the likely cause of two house explosions in northwestern Pennsylvania. A state police fire marshal says he can’t yet pinpoint that as …