May 5, 2014
The politically connected former CEO of a prominent New York City charity admitted on April 23 he helped steal more than $9 million from the organization in an insurance scheme that authorities linked to campaign contributions. William Rapfogel pleaded guilty …
May 5, 2014
Rhode Island Gov. Lincoln Chafee has signed into law legislation allowing motorists in Rhode Island to use their smartphones to offer police proof they have auto insurance. The bills sponsored by Sen. William Conley Jr. and Rep. Gregg Amore allow …
May 5, 2014
The National Council on Compensation Insurance Inc. (NCCI) published on April 8 its annual workers’ compensation issues report. Included in the report is a legislative and regulatory outlook across the country. The following is a summary of some of the …
May 5, 2014
The Independent Insurance Agents & Brokers (Big “I”) recently awarded agent Cloyce Anders of North Carolina with the Woodworth Memorial Award, the highest honor the association bestows on one of its members, during the annual Big “I” Legislative Conference. The …
May 5, 2014
The Florida Supreme Court has declined to review the state’s no-fault automobile insurance personal injury protection (PIP) reforms that were designed to lower the cost of the coverage by targeting fraud and restricting emergency medical services. Parts of the 2012 …
May 5, 2014
There are essentially two types of workers’ compensation fraud – premium fraud and claimant fraud – and insurance producers can play a role in the discovery and resolution of both, according to one investigator who has brought some 800 cases …
May 5, 2014
Specialty Insurance Managers Inc., a managing general agent based in Austin, Texas, hired Chris Hayes, a former Lloyds of London underwriter, to oversee a new high value homeowners insurance program in Texas, New Mexico, Arkansas, Oklahoma, Missouri and Kansas. Hayes …
May 5, 2014
1. Monday Morning: The alleged injury occurs first thing on Monday morning, or the injury occurs late on Friday afternoon but is not reported until Monday. 2. Employment Change: The reported accident occurs immediately before or after a strike, job …
May 5, 2014
The transition of Oklahoma’s workers’ compensation system from a court-based system to an administrative one became effective Feb. 1, a change that proponents say will lower costs and help make the state more competitive in attracting businesses. In May 2013, …
May 5, 2014
Payments per claim for the medical care of injured workers in Texas grew nearly 8 percent in 2011, largely the effect of price increases from earlier reforms, according to a 16-state study by the Workers Compensation Research Institute (WCRI). WCRI’s …