A Travis County, Texas grand jury indicted Texas Home Exteriors Inc. and its vice president Derek Baker for falsifying a workers’ compensation claim to Texas Mutual Insurance Company—a third-degree felony. Texas Mutual (SM) investigator Sandra Milburn stated that Baker reported …
State Farm has decided to take a hike from the Louisiana homeowners market and Acting Insurance Commissioner Robert Wooley acknowledged the pullout comes as no surprise. In a statement, Wooley noted that the company cited inadequate pricing for its homeowners …
Texas Insurance Commissioner Jose Montemayor is in the running for a high-level job in the U.S. Treasury Department, according to a report in the Austin American Statesman. Montemayor indicated that if selected by the Bush administration for the job he …
About the time we were heavily into the production cycle for the current issue of Insurance Journal-Texas/South Central, with its focus on technology issues, technology took a bite out of our offices. We were attacked by the so-called Klez worm, …
After suffering its first ever net loss in 2001,an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002 showed generally rising premiums, and earnings increases. …
Three Los Angeles residents have pled no contest earlier in the week to charges of auto insurance fraud. David Chatalbashyan, 26, and his wife Aida Karapetyan, 26, of Glendale, and Chatalbashyan’s mother, Knarik Chatalbashyan, 52, of Los Angeles, each plead …
San Diego-based Mitchell International has released a new version of UltraMate, a leading estimating systems in the collision repair and insurance industries, which includes many new features designed to enhance ease-of-use, save time and increase productivity. UltraMate 4.8 increases productivity …
California-based Allianz Insurance Company (AIC), a member of the Allianz Group, appointed Kevin R. Callahan to CEO. In his position as CEO of AIC, Callahan will be responsible for building AIC into an innovative insurance provider for Allianz’s client base …
A bill working its way through the California Assembly that would give the insurance commissioner greater authority over workers compensation rates is contrary to the state’s open competition rating law and will only serve to hurt competition in the state, …
A federal judge has thrown out a lawsuit alleging that Credit Lyonnais and others engaged in fraudulent activity in the 1993 acquisition of the assets of the futile Executive Life Insurance Co, according to the Los Angeles Times. California Attorney …
