An Oklahoma House of Representatives committee studying grounds for impeachment of Insurance Commissioner Carroll Fisher has recommended he be impeached for neglect of duty, corruption in office and incompetency. The committee submitted its final report on Aug. 30, 2004, to …
Florida’s Chief Financial Officer Tom Gallagher announced that an unlicensed adjuster seeking contracts with victims of Hurricane Charley was arrested on Sanibel Island. He also warned that the Department of Financial Services is investigating reports of other unlicensed adjusters working …
A Windermere, Fla. insurance agent who allegedly forged customers’ signatures and manipulated their trust to take out personal loans and earn fraudulent commissions may have scammed several Orange County residents out of more than $200,000, said fraud investigators with Florida’s …
The Associated Press reported that an insurance company that had threatened to stop offering medical malpractice coverage to doctors in West Virginia has been granted a 9.5 percent rate increase, according to Gov. Bob Wise. The state Insurance Commission’s approval …
The Texas Workers’ Compensation Commission announced it has provided the Texas Department of Insurance Commissioner with new average weekly wage rates effective Sept. 1, 2004. Under Section 408.047 of the Texas Labor Code, the state average weekly wage for Fiscal …
Jamie Lee Hregician was paralyzed from the chest down July 5 when his motorcycle hit a stone wall. But the 19-year-old did not suffer a head injury, and for that he credits his helmet. “I have no idea what happened,” …
The Property Casualty Insurers Association of America issued a statement concerning two constitutional initiatives, titled “Question 4” and “Question 5,” that are supported by trial lawyers and will be on the Nov. 2, 2004 ballot in Nevada. PCI said the …
Cincinnati-area former insurance agent Greg Ballard and former securities salesman Paul Suchanek were sentenced in the Clermont County Court of Common Pleas to four and three years, respectively, in state prison for scheming elderly investors. Greg M. Ballard and Paul …
According to a new report released by Avon, Conn.-based Eastbridge Consulting Group, the benefits world is changing. Employers have been juggling the demands (and inconvenience) of three different enrollment and servicing systems-employer-paid, voluntary, and retirement products-for years. At the same …
Connecticut-based The Hartford Financial Services Group Inc. announced that its losses resulting from Hurricane Charley are estimated to be $140 million (before-tax). This amount is net of applicable reinsurance sources including the Florida Hurricane Catastrophe Fund and includes reinstatement premiums …