September 22, 2003
The Strategic Research Institute will hold a one-day seminar on “Insurance & Risk Management in the Oil & Gas Industry” in Houston on Oct. 27. Specific areas to be covered are: Making your company desirable to insurers; controlling insurance costs; …
September 22, 2003
Two Louisiana insurance agents, Jonathan Horace Jones and his wife Cindy Marie Jones, both of New Iberia, were arrested and their insurance agency was shut down for alleged misappropriation of insurance funds. Department of Insurance Fraud Unit investigators served the …
September 22, 2003
Louisiana Department of Insurance Fraud Unit investigators served Heather Lynn Blair Barras, an agent whose business was primarily conducted in New Orleans and Hammond, with a cease and desist order and summary suspension of her insurance license, prohibiting her from …
September 22, 2003
The Oklahoma State Board for Property and Casualty Rates voted to hold the line on a key component of workers’ compensation rates, at least for the next year. The 4-1 decision came after nearly 10 hours of hearings during which …
September 22, 2003
Rapidly rising construction costs prices, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by eight percent in 2004, according to a report by the Insurance Information Institute (I.I.I.). The projected increase …
September 22, 2003
The Texas Department of Insurance completed its second and final round of reviews of Texas homeowners’ insurance company rates, in which 29 companies were reviewed and five insurers were ordered to reduce rates from between 10 percent to 22.4 percent. …
September 22, 2003
Nothing apparently concentrates the corporate mind so effectively as being named in a criminal complaint. A week after a federal grand jury in Los Angeles issued a sealed indictment which reportedly accused it, and numerous others involved, of criminal fraud, …
September 22, 2003
Insurance industry trade groups are hopeful that the Federal Communications Commission’s recent decision to stay until January 2005 a controversial rule prohibiting all unsolicited advertisement faxes will give business groups an opportunity to agitate for a less restrictive regulation. Part …
September 22, 2003
Now that the two-year anniversary passed us earlier this month, it would be very easy for all of us to go about our business and put in the background the impact of Sept. 11, 2001. Not only did the events …
September 22, 2003
The National Association of Insurance Commissioners (NAIC) released its proposed budget for the year 2004 during its Fall National Meeting and announced a public hearing to discuss the budget via a conference call scheduled for Nov. 3. “This budget package …