A federal judge in Louisiana has sentenced a former claims adjuster to 46 months in prison for stealing nearly $300,000 from a workers’ compensation group in Lafayette. The Advocate reports the U.S. Attorney’s Office charged 36-year-old Edward Paul Verdin, of …
San Francisco-based Genstar Capital, LLC, a middle market private equity firm, announced the acquisition of Granite Global Solutions, a Canadian provider of risk mitigation services to insurance and corporate clients. Genstar focuses on investments in selected segments of the life …
A West Virginia art gallery that claims it got trashed while hosting an Ohio University sorority event says its insurance company is paying $44,000 to cover damage. An attorney for the Parkersburg Art Center said it’s withdrawing its threat to …
Florida insurance leaders belive that recently passed legislation (SB2044) is a step towards stabilizing the state’s property insurance market that has had been rocked by politics, premiums assessments, company failures, reopened hurricane claims and a credit mitigation program that got …
Atlanta-based Crawford & Co., an independent provider of claims management solutions, has named Bentley R. Laytin vice president, western regional manager for U.S. Property & Casualty operations. Laytin has worked his entire 14-year career in the insurance industry with Crawford, …
Oklahoma Insurance Commissioner Kim Holland has issued an emergency order following severe storms that hit the state on May 10 and 11. The order allows the Oklahoma Department of Insurance to issue licenses to emergency claims adjusters to adjust claims …
Independent agencies and their carriers perform a variety of tasks for policyholders when originating and servicing policies, but how they handle claims provides the moment of truth—and it’s more important than almost anything else in the agent’s mind when choosing …
Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010. This counters the recent logic that many state lawmakers are too busy trying to …
The Missouri Department of Insurance has lifted its restrictions on Chicago-based auto insurance company, Universal Casualty Co., allowing it to start offering new policies in Missouri again. Director John M. Huff issued a cease-and-desist order against Universal Casualty in June …
Just one after storms swept through South Carolina, insurance companies were reporting an estimated $4.4 million in damages as a result of hail and wind. Insurance companies reported receiving 1,768 claims as of Tuesday afternoon. A total of 491 homeowner/property …