Ray Wersching, once the kicker with the San Francisco 49ers of the National Football League and a former Farmers Insurance agent, was charged with insurance fraud, tax evasion and the hiring of a convicted felon to handle the insurance business …
Former Calif. life insurance agent convicted for faulty notes California Insurance Commissioner John Garamendi announced the conviction of former life insurance agent Bassem Btadini, 51, also known as Bob Btadini. Btadini entered a no contest plea and was convicted of …
In the wake of stiff industry opposition, a California proposal that would have have impeded consumer access to affordable auto repairs has been sufficiently mitigated for now, said a spokesman for the National Association of Mutual Insurance Companies (NAMIC). NAMIC, …
The Arizona Department of Insurance has established new civil penalties if a surplus lines broker fails to remit the surplus lines tax provided for by state statute 20-416 based on the amount of tax overdue. According to the department, up …
Editor’s note: This is the second article in a series on Western insurance associations. Part I of this article appeared in the April 3, 2006, western region publication beginning on page 47. As people migrate to the West, insurers’ must …
A proposed tax credit aimed at helping Oahu flood victims was expanded by Senate lawmakers to cover families and businesses throughout the islands who suffered damages during the recent heavy rains. The credit would equal 10 percent of a taxpayer’s …
State Insurance Superintendent Eric Serna has been suspended by the Public Regulation Commission on the recommendation of the attorney general, who is investigating the office. Attorney General Patricia Madrid said an “inadequate controls environment” has persisted for some time within …
April 18 marks the 100th anniversary of the Great San Francisco Earthquake of 1906, a catastrophe that affected thousands of lives, caused hundreds of millions of dollars in damage, and generated aftershocks in insurance and engineering communities that still resonate …
The Department of Financial Services, Division of Insurance Fraud’s is on target to surpass last year’s record of 213 workers’ compensation fraud arrests. In February 2006 alone, the division made 25 workers’ compensation fraud arrests, almost one a day, and …
What has happened with auto insurance rates in South Carolina should be the ‘gold standard’ for what can be accomplished with other types of insurance,” Elanor Kitzman, South Carolina Director of Insurance told the Independent Insurance Agents and Brokers of …
