Terry Lee Villers of Wirt County, W.Va. has pleaded guilty in Kanawha County Circuit Court of two felony counts of workers’ compensation fraud. According to Insurance Commissioner Janet L. Cline, Villers knowingly secured benefits to which he was not entitled …
The owner of an aging Hollywood hotel was convicted Tuesday of conspiracy and insurance fraud in connection with a 2001 fire that killed two people, but jurors deadlocked on the more serious counts of murder and arson. Prosecutors said Juan …
American International Group Inc. (AIG) is donating $1 million to support relief efforts in the areas affected by the Oct. 8 earthquake in South Asia. In addition, AIG is encouraging its employees to help the earthquake victims by donating to …
Maintaining its position that such measures are unwarranted for mutual insurers, the National Association of Mutual Insurance Companies (NAMIC) was reportedly not part of an industry interested parties’ group submitting an alternate proposal about added internal accounting control to the …
Third-party claims administrator Carl Warren & Co., Orange County, Calif., has been named as California/Western Chapter 2006 Employee Stock Ownership Plan (ESOP) Company of the Year, during the Annual California/Western Chapter ESOP Conference in Indian Wells, Calif. Conference attendees included …
State Compensation Insurance Fund’s San Francisco District Office is hosting a free Office Ergonomics Workshop to help employers learn the benefits of “fitting the job to the worker rather than forcing the worker to fit the job.” The workshop will …
Facts and perceptions regarding loss reserves, adequate risk transfer for reinsurance accounting, and developments in regulatory capital models around the world will be featured topics during the Annual Meeting of the Casualty Actuarial Society (CAS), Nov. 13-16, at The Renaissance …
Ohio Casualty Corporation announced that it estimates total net catastrophe losses for third quarter 2005 to be approximately $11.6 million after-tax. Approximately $9.8 million of the estimated catastrophe losses are related to damage incurred from Hurricane Rita and another $1.4 …
Louisiana Commissioner of Insurance Robert Wooley announced that beginning Monday, Oct. 17, insurance companies will start working in a coordinated effort to adjust claims for St. Bernard and Plaquemines Parish properties damaged by Hurricane Katrina. After visiting St. Bernard and …
Frisco, Texas-based Skywire Software, a diversified software company with a concentration on the insurance industry, announced the launch of Policyware, a centralized, Web-based agency management system designed specifically for managing general agencies and Excess and Surplus brokers. The announcement came …
