New Jersey Banking and Insurance Acting Commissioner Donald Bryan announced that medical malpractice liability insurer MIIX Insurance Company will continue operating in solvent runoff, a financial condition it has operated in since 2002. Bryan also announced that upon approval by …
Montgomery, Ala.-based ALFA Corp. Alfa Corp. has announced financial results for the second quarter and six months ended June 30, 2005. Operating income for the second quarter was $27,332,929, or $0.34 per diluted share, compared with operating income of $19,311,504, …
A local jury in San Antonio, Texas, on July 1 awarded $7.4 million in actual damages in a wrongful death lawsuit against the health maintenance organization Humana Health Plan of Texas Inc., a physician, and his physicians group under contract …
Contractors attempting to rebuild buildings destroyed in the Florida Panhandle by Hurricane Ivan last year, and Hurricane Dennis this month, claim their inability to complete repairs is due to a lack of labor; while homeowners claim there is also a …
A Sioux Falls man has been named the new director of the Division of Insurance in South Dakota state government. Merle Schreiber is a 25-year veteran of the insurance industry. He replaces Gary Steuck, who resigned, effective Friday, to take …
Fraud costs the insurance industry between $85 billion and $120 billion a year, according to the Insurance Information Institute (I.I.I.). Independent agents, claims adjusters, and most importantly consumers are impacted by this problem. Wells Publishing, which produces www.insurancejournal.com and www.claimsguides.com, …
Yuma County, Arizona, will receive nearly $20,000 as its share of an $850 million class-action settlement with MMC Inc., a global insurance brokerage firm that was at the heart of an insurance scandal last year. The Board of Supervisors voted …
The Texas Workers’ Compensation Commission announced it will close its Houston East Office on July 27 to move to the state owned Elias Ramirez Building. The office will reopen for service on Aug. 1. The Houston East Office serves Chambers, …
Burns & Wilcox has appointed Chad Brown as a broker for the company’s Kansas City branch. As a Burns & Wilcox broker, Brown is responsible for the placement of large, complex property and casualty and environmental risks for the company’s …
Five employees of insurance firm ICICI Prudential in New Delhi, India have been jailed for launching a “Jehad” sales campaign in which they glorified Osama bin Laden and his “focused determination” in an effort to increase business by likening successful …
