This action came on the heels of a Notice of Denial, issued by the Florida Department of Financial Services on March 7, of an application for licensure as a managing general agent filed by International Medical Group. Sirius International Insurance …
City have the same protections as the people in Miami who have stronger building codes in place?” Legislative Update Stronger building codes called for in Florida Panhandle Residents in Florida’s Panhandle will be vulnerable to hurricanes until lawmakers stand up …
A high-profile litigator in Moss Point, Miss. said that a whistleblower is helping him build a case against insurers who denied thousands of claims from policyholders whose homes were destroyed in Hurricane Katrina. Richard “Dickie” Scruggs, who helped secure a …
PIP case referrals to state fraud fighters have soared 327 percent from 2002-2003 to 2004-2005. Actual street arrests have grown nearly 75 percent, and cases sent for possible prosecution have soared nearly 50 percent, according to state figures. With Florida’s …
Bermuda-based United America Indemnity Ltd. has appointed Robert Cohen president and CEO of its subsidiary, Penn Independent Corporation. Cohen has been acting president and CEO since November 2005. From 1992, he was a senior vice president for United National Group. …
By enacting the McCarran-Ferguson Act in 1945, Congress permitted the states to continue their taxing and oversight of insurance. However, Congress did not give up its preemptive authority over insurance. While Congress’ insurance regulatory reform efforts appear stalled as 2006 …
Won’t renew or insure new homeowners of commercial policies 8 Sirius International withdraws Florida application Won’t do business as an eligible surplus lines insurer 8 Florida AG files complaint against Marsh Crist alleges illegal manipulation of markets N1 Consumer group …
Scruggs alleges that several companies did this. “Is this something he is alleging the entire industry did as a practice, which is an incredible thought?” Bailey asked. “He is painting the insurance industry with a big brush and I’m not …
Marsh is alleged to have violated Florida’s antitrust laws, Chapter 542, Florida Statutes, as well as the RICO Act. Florida’s antitrust laws allow fines of $1 million per corporate violation. The RICO Act and antitrust laws further provide for restitution …
While the OIR scored a point and put the bad guys out of business, agents should realize there are still a lot of other bad-guys out there. Before you sign on to represent any carrier and sell its products, check …
