insurance commissioner News

Oregon Latest State to Eye Abuses with Photo Estimates for Auto Claims

Oregon state regulators say insurance carriers are too often using photo estimates as a means of making low-ball settlement offers to policyholders without a thorough investigation. Insurance Commissioner Andrew Stolfi on Oct. 21 released a proposed draft of a bulletin …

Johnson Wins Atlanta Democratic Race for Insurance Commissioner

Liz Johnson has won the Democratic primary for insurance commissioner in Georgia. Johnson, a retired insurance agent from Statesboro, beat out Keith Heard, an insurance associate from Fayetteville. Johnson had nearly 70 percent of the vote with 67 precincts reporting. …

North Dakota Insurance Commissioner Reports $6.3M Recovered in 2013

North Dakota Insurance Commissioner Adam Hamm released the Insurance Department’s annual Consumer Assistance, Enforcement Action and Fraud Report indicating almost $6.3 million was recovered or saved for North Dakota citizens in 2013 through the department’s intervention. The figure represents money …

Insurance Chief Asks FEMA to Waive Rule for University of Iowa

Iowa’s insurance commissioner is backing the University of Iowa in a dispute with the federal government over how much insurance the campus must carry after rebuilding from the 2008 flood. Insurance Commissioner Nick Gerhart has asked the Federal Emergency Management …

Wayne County Woman Arrested for Alleged Insurance Fraud

North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of Raquel Pineda, 31, of 271 Zion Church Road, Mount Olive; she was charged with one count each of insurance fraud and obtaining property by false pretense. Department of Insurance criminal …

North Dakota Insurance Commissioner Warns Consumers About Insurance fraud

North Dakota Insurance Commissioner Adam Hamm reminded consumers that insurance fraud affects everyone—and everyone can play a part in stopping it. Insurance fraud is now the second most profitable crime in America, behind only illegal drug sales. It is estimated …

Florida Insurer Agrees to Settlement Relating to Underwriting, Claims Practices

Universal Property & Casualty Insurance Company, the second largest property insurer in Florida, has agreed to implement corrective action, including changes to its claims and underwriting practices, and pay an administrative fine to the Office of Insurance Regulation (Office) totaling …

$4.3M Recovered in 2012 for North Dakota Consumers

North Dakota Insurance Commissioner Adam Hamm released a report today that shows more than $4.3 million was recovered or saved for North Dakota citizens in 2012. This number represents money recovered on behalf of North Dakotans through the Insurance Department’s …

Georgia Insurance Commissioner Plans Tour of Storm-Damaged Areas

Georgia’s fire and insurance commissioner plans to fly over tornado-damaged areas in northwest Georgia Thursday, one day after storms demolished homes in Adairsville and overturned vehicles along nearby Interstate 75. Fire Safety and Insurance Commissioner Ralph Hudgens said he plans …

Louisiana Insurance Commissioner Rejects State Farm’s Rate Increase

State insurance regulators have rejected a request by State Farm Fire and Casualty Co. to raise homeowners’ rates by 16.6 percent. The rate revision would have affected more than 300,000 policyholders and generated an estimated $71.2 million in additional premiums …