Twenty individuals have been arrested in California for operating an auto insurance fraud ring in the Greater Los Angeles Area, the California Department of Insurance reported. An additional three arrest warrants are still pending in connection with the fraud ring. …
Federal mine safety officials have won a settlement with Massey Energy that requires the firm to immediately take safety measures at one of its mines in Kentucky that federal officials say is very dangerous. The U.S. Department of Labor’s Mine …
Officials of a small West Tennessee town have decided to settle a lawsuit by the city’s former police chief. The Trimble Board and Mayor and Aldermen have voted to pay former Chief Donna Faulkner more than $58,000 to end her …
Nearly one out of every five no-fault auto insurance claims closed in the New York City area in 2010 appears to have elements of fraud, according to a new study from the Insurance Research Council (IRC). And as many as …
Illinois state insurance fraud officials have launched an investigation of a southwestern Illinois prison where nearly $10 million in worker’s compensation and paid medical leave have been paid out to more than half the staff over the past three years. …
Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens including the the workers’ compensation industry in 2010, as they did in 2009. Robert Hartwig, president of the Insurance Information Institute, …
The head of Illinois’ workers’ compensation commission is calling for an investigation of nearly $10 million paid out in claims to more than half the staff of a southwestern Illinois prison over the past three years. The Belleville News-Democrat reported …
A signed legal settlement with American International Group (AIG) will net the State of Kansas general fund $500,000, according to Sandy Praeger, Commissioner of Insurance. “The AIG settlement for Kansas was part of a nationwide $146 million agreement over alleged …
A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Century Insurance Company (Guam) Ltd. (CIC Guam)and Century Insurance Co., Ltd. (CIC Saipan), headquartered in the Northern Mariana Islands. The outlook …
A North Carolina jewelry store owner made a $400,000 bet against a white Christmas — and lost. Alan Perry, owner of Perry’s Emporium in Wilmington, promised refunds for everything bought at his store between Nov. 26 and Dec. 11 if …