Two businessmen have been ordered to pay more than $2.9 million in consumer restitution to Floridians as part of their criminal sentences for their roles in an insurance scam, according to Florida Attorney General Charlie Crist. William Paul Crouse and …
Driven by the largest natural catastrophe in U.S. history, Hurricane Katrina, the U.S. property/casualty industry’s underwriting loss was $2.8 billion for the first nine months of 2005, reversing the $3.4 billion underwriting gain reported during the same period of 2004, …
Members of the Arizona Senate are considering a bill designed to safeguard the personal information of Arizona residents. SB 1338, authored by Sen. John Huppenthal, R-HD 20, requires businesses to notify their customers if data containing clients’ personal information is …
The AI RiskSM Specialist Insurance Inc., a member company of American International Group, Inc. (AIG), has introduced a Special Events Liability Insurance Program that provides both general liability and accidental death and dismemberment (AD&D) insurance. The new program’s AD&D insurance …
A civil lawsuit filed against a Nassau County, Fla. man for unlawfully soliciting relief donations intended for Hurricane Katrina victims has been successfully concluded by Florida Attorney General Charlie Crist. Robert Moneyhan must pay $10,000 for the state’s costs of …
Failing to have a workers’ compensation account and pay premiums has landed an Oak Harbor, Wash., employer in jail. Mark Dahl, sole owner of Catalina Marine Services Inc., pleaded guilty to a Class C Felony in January. On Feb. 3, …
California State Compensation Insurance Fund employees have raised more than $102,000 in donations for United Way in its annual Bay Area California State Employees Charitable Campaign Drive. Donations collected will help United Way fund various programs such as providing meals …
AIG Auto Insurance is implementing a five percent rate decrease in Colorado. The move will lower auto insurance costs on over 10,000 vehicles and resulting in hundreds of thousands of dollars worth of savings for Colorado drivers insured by The …
In a setback for Georgia’s recent progress on civil justice reform, the state Supreme Court overturned a key venue law, which was part of the comprehensive tort reform legislation enacted in 2005, according to the American Insurance Association (AIA). The …
Former Insurance Commissioner Carroll Fisher’s conviction on campaign-related charges of embezzlement and perjury demonstrate the necessity of stronger ethics laws in Oklahoma, according to State Rep. Ryan McMullen . “Commissioner Fisher’s conviction demonstrates that no man is above the law, …
