Monthly Archives: <span>April 2009</span>

Ohio Man Pleads Guilty In Insurance Fraud Case

Ohio Department of Insurance Director Mary Jo Hudson has announced that Huey Granderson of Millersport, Ohio has pled guilty on three counts stemming from his involvement in a Fairfield County insurance fraud ring. Granderson was the alleged ring leader of …

National Memorial to Honor U.S. Workers Who Lose Lives on the Job

U.S. labor leaders are dedicating a national memorial to honor the more than 5,000 workers who lose their lives on the job each year. The National Workers Memorial will be located on the campus of the National Labor College, just …

Florida to Require Helmets on Horse-Riding Kids

A Florida bill requiring children under 16 to wear a helmet while riding a horse on public roads and trails is headed to the governor. The bill is named for Nicole Hornstein. The 12-year-old from Palm Beach County died in …

AIG’s Title as World’s Largest Insurer Gone Forever

American International Group Chief Executive Edward Liddy is inching toward several more asset sales, has plans for a trio of initial public offerings, and expects the financial products unit to be a much smaller problem by year-end. Unlike the growth …

Best Affirms QBE Re (U.S.) ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the New York-based QBE Re Group (U.S.) and its members. The rating actions apply to QBE Reinsurance Corporation, QBE Insurance Corporation …

Ratings Roundup: Lloyd’s (debt), PartnerRe, Pacific Int’l., Amerinst

A.M. Best Co. has commented that its ratings of Lloyd’s of London, Lloyd’s Reinsurance Company (China) Limited, the Society of Lloyd’s and of debt issued by the Society remain unchanged following the announcement that the Society has offered to repurchase …

Minnesota Insurance Agent Charged with Forgery and Fraud

The Minnesota Department of Commerce has summarily suspended the resident insurance producer license of Michael Antonello of New Brighton and charged him with insurance fraud and forgery. The department also summarily suspended the agency insurance license of Wealth Management Advisors …

Michigan Company Recalls Frozen Pasta Products

A suburban Detroit food producer is recalling an undetermined amount of frozen meat and poultry pasta products, the U.S. Department of Agriculture’s Food Safety and Inspection Service announced. The agency said the products from Mucci’s Food Products Inc. of Canton …

Washington Man Accused of Plotting to Burn Woodinville House

The owner of a Monroe, Wash., video game store has been accused of trying to hire a couple to burglarize the store and burn down a rental home he owns in Woodinville to collect on insurance. The Seattle Times reports …

Virginia Woman Charged with Insurance Fraud for Lost Ring Claim

A second insurance claim by a Virginia woman for lost jewelry not only resulted in a denied claim, but also a fraud conviction and a sentence with a different twist. Only months after receiving an insurance payment for lost jewelry, …