Three Jefferson County, Ky., residents were indicted on insurance fraud charges after allegedly filing inaccurate payroll data with a workers’ compensation insurance carrier, resulting in an underpayment of more than $268,000 in premiums. The trio formed a second company, placed …
The Target Markets Program Administrators Association (TMPAA) awarded ARA Insurance Services and NIP Programs the Association’s Best Practice Designation at its recent Program Summit in Tempe, Ariz. The designation is awarded to members that, based on objective criteria and a …
Florida insurance regulators approved the National Council on Compensation Insurance’s amended rate filing for workers’ compensation insurance rates. On Oct. 22, Insurance Commissioner Kevin McCarty ordered NCCI to make an amended filing to reduce the rates of workers’ compensation insurance …
Goldman Sachs announced it is lowering its 2007 earnings per share estimate for Safeco by $0.55 to $6.20, primarily to reflect the third quarter EPS shortfall, as well as higher fourth quarter catastrophe losses expected to arise out of the …
New Jersey residents with auto coverage from New Jersey Manufacturers Insurance Co. will soon be receiving dividend checks worth an average of $327. The Ewing-based company says the checks will be mailed from Nov. 19 through Dec. 12 to more …
A New Hampshire lawmaker wants the Legislature to send drivers a clear message: stop sending text messages while driving! Nashua Democrat David Campbell has filed the paperwork for a bill to ban two-handed texting or typing on any electronic or …
The Supreme Court this week agreed to decide whether Exxon Mobil Corp. should pay $2.5 billion in punitive damages in connection with the huge Exxon Valdez oil spill that fouled more than 1,200 miles of Alaskan coastline in 1989. The …
Hartford Life Insurance has misplaced three backup tapes containing sensitive personal information on an unknown number of Ohio consumers, state insurance regulators said. The company says the data security breach was discovered Sept. 27. State Insurance Director Mary Jo Hudson …
Burlington, N.C.-based Tapco Insurance Services Inc. has introduced a specialty contractors program, offering monoline general liability coverages in California. Tapco opened its California location in Los Angeles on Sept. 17, 2007. The program’s target market is specialty contractors, including artisans …
Cigna Corp. agreed to provide customers with more information about how the insurer recommends doctors, state Attorney General Andrew Cuomo announced this week. The deal comes some six months after Cuomo announced an investigation into how insurance companies compile their …
