Features

Iowa Agent Sentenced to 41 Months for Defrauding Insurers

A former Des Moines, Iowa, insurance agent was sentenced to 41 months in prison for insurance fraud. Melissa Ilene Williams, of Dike, Iowa, also was ordered to pay restitution for fabricating and submitting life insurance policies to two separate insurance …

Painkiller Prescribing Highest in South; Florida Reverses Trend

Health care providers in some states prescribe far more painkillers than those in other states, according to a new government report. Health care providers wrote 259 million prescriptions for opioid painkillers in 2012 – many more in some states than …

Report: $100M in Losses from Southern California Quake

The moderate earthquake that struck Southern California in spring did more damage than people may think – and a bigger quake on that fault could be more devastating than a “big one” on the region’s infamous San Andreas Fault, a …

Drop in Agent Appointment Fee in Ohio Expected to Save Insurers $11.3M

A reduction in the fee insurance companies pay to appoint agents is expected to result in a savings for insurers of $11.3 million, the Ohio Department of Insurance announced. An amended rule took effect on June 30 that reduces the agent …

Litigation Finance Firm Blames Tenn. Law for Exit

A litigation funding firm said it is leaving Tennessee as the state now regulates their business of loaning money to consumers bringing lawsuits. Illinois-based Oasis Legal Finance, one of the country’s largest consumer legal funding services, announced it was leaving …

Colorado Home Inventory Firm Grows Rapidly After Bad Fire Seasons

Two years after the Waldo Canyon Fire and one year after the Black Forest Fire, the most costly and devastating natural disasters in Colorado history, TWS Home Inventory and Asset Management Group LLC has seen rapid growth. The firm was …

Unlicensed Auto Insurance Robo-Caller Fined $191K by Minnesota Regulators

An unlicensed commercial entity has been ordered by Minnesota commerce regulators to pay $191,185 in civil penalties for making fraudulent and unlicensed auto insurance solicitations to consumers in that state. The Minnesota Department of Commerce imposed the fine on Variable …

As America Overall Ages with Boomers, Energy States See Youth Boom

Seven states, including five in the Great Plains, saw their median age decline between 2012 and 2013, according to U.S. Census Bureau estimates. At the same time, the median age for the United States as a whole ticked up from …

Rite Aid Settles California Lawsuit for Nearly $500,000

Rite Aid will pay nearly a half-million dollars to settle California claims that it didn’t follow consumer protection rules. The settlement, approved in early July in San Diego, also calls for the drugstore chain to comply with state standards. District …

P/C Insurers’ Profit Dipped in Q1

Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net gains or losses on underwriting, net investment income, and miscellaneous …

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