insurance News

NYC Slip and Fall Scheme Defrauded Businesses, Insurers of More Than $31M

Five New York City men were charged with conspiracy to commit mail and wire fraud in connection with a scheme to obtain fraudulent insurance reimbursement and other compensation for fraudulent slip-and-fall accidents, according to a joint announcement by the United …

Alaska Bill Considers Helping Homeowners Fix Heating Oil Tanks

Alaska lawmakers have begun considering a bill to help homeowners cover the cost of fixing leaking heating oil tanks. Depending on the size of the spill, everything from hiring contractors to buying cleanup supplies and even calling the state to …

Massachusetts Firm Repairs Municipal Mishaps

When a driver gets into a crash on the highway, auto body repair shops can replace fenders and broken windshields. But who steps in when a vehicle strikes a public monument or demolishes a section of guardrail owned by the …

Fraud News: Counterfeit Airbags, Workers’ Comp Premium Scheme

Missouri Man Pleads Guilty to Counterfeit Airbag Scheme A southwestern Missouri man pleaded guilty in federal court Wednesday to a scheme to sell counterfeit automotive airbags and components online. This guilty plea resulted from an investigation by U.S. Immigration and …

Altmaier Promoted to Florida Insurance Commissioner

After a contentious and bumpy process that saw Florida’s top Republican officials deadlock several times, the state has a new insurance commissioner just weeks before the start of hurricane season. During an emergency meeting on Friday, Gov. Rick Scott and …

Florida Officials Can’t Agree on Insurance Commissioner Pick

Thanks to an arcane state law, Florida could enter hurricane season with no one firmly in charge of the state agency responsible for regulating the state’s at-times fragile insurance industry. The reason? The two Republican elected officials responsible for picking …

Mississippi Police Helicopter Headed to State Surplus

A 1967 Bell OH-58 helicopter previously used by the Tupelo Police Department is being turned over to the state as surplus property. The Northeast Mississippi Daily Journal reports the city council this week approved Police Chief Bart Aguirre’s recommendation to …

North Carolina House Rejects Senate-Backed Moped Bill

The North Carolina House has rejected a Senate version of a bill creating new regulations for mopeds. The House voted 51-54 Thursday against concurring on a bill that would have required insurance and registration with the state for mopeds. The …

Insurance Merger and Acquisition Activity on the Rise

An overwhelming majority (86 percent) of North American insurance executives expect to see an increase in the volume of insurance mergers and acquisitions (M&As) over the next one to three years, compared to the previous three years, and more than …

Iran Oil-Shipping Insurance Rules Lack Clarity

Insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions against the Persian Gulf state, a group covering vessel owners said. Ship owners hauling Iran’s oil may go unpaid if …