Latest Department of Insurance Headlines
All the headlines from our Department of Insurance Topic Page, ordered by recency.
Hawaii obtains reinsurance to take control of Vesta subsidiary
Aug 7 2006 // News Currents Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as...
Former D.C. Captive Chief White to Direct Delaware’s Captive Effort
Jul 31 2006 // Delaware Insurance Commissioner Matt Denn has tapped William P. White, former director of the captive insurance division for Washington, D.C, to attract captive insurance companies to Delaware as administrator of a new...
Vesta Fire and Subsidiaries Headed for Liquidation in Texas
Jul 19 2006 // Vesta Fire Insurance Company (Vesta Fire) and its Texas subsidiary insurance companies have begun issuing notices to agents to cease writing new and renewal insurance business, including homeowners policies for Texas...
N.C. Settlement to Benefit 25,000 Minority-Members
Jul 10 2006 // Some 25,000 minority North Carolinians victimized by race-based premiums could benefit from a settlement agreed upon by Western and Southern Life Insurance Co. and the North Carolina Department of Insurance. The company...
S.C. DoI Monitoring Florida Select Insurance Co.’s Activities
Jul 5 2006 // The Department of Insurance has announced it is closely monitoring the activities in South Carolina of Florida Select Insurance Co. activities in the state after Florida placed the company into receivership June...
Twenty-five Suspects Indicted on Fraud by California Department of Insurance
Jun 30 2006 // Twenty-five suspects in connection with a major insurance fraud investigation dubbed “Operation Cashout” have been indicted, according to the California Department of Insurance. Twenty suspects were arrested...
California Commissioner Questions Homeowners’ Insurance Rates
Jun 30 2006 // California Insurance Commissioner John Garamendi has announced he will approve an 18 percent decrease in homeowner and renter premium rates by The Hartford Insurance Co. The Hartford’s filing for a decrease contrasts...
Mo. Department Extends Traveler’s Contract for Residual Market Plan
Jun 28 2006 // The Missouri Department of Insurance has extended Travelers Commercial Casualty Company’s contract as the insurer for the Missouri Alternative Residual Market Plan. As part of that extension, Travelers filed a...
Texas Posts Workers’ Comp Notice of Employee Rights, Responsibilities
Jun 22 2006 // Pursuant to House Bill 7 (79th Legislature), the public counsel for the Office of Injured Employee Counsel developed and submitted a notice of injured employee rights and responsibilities to the Texas Department of...
Whitemore Agency Employee Arrested in N.C. for Embezzlement
Jun 16 2006 // Tammy Cope of Old Fort, N.C. has been arrested in McDowell County on six charges of embezzlement according to Insurance Commissioner Jim Long. Department of Insurance investigators allege that Cope collected more than...
La. Commissioner Seeks to Extend Time to Sue Over Katrina/Rita Claims
Jun 6 2006 // Louisiana Commissioner of Insurance Jim Donelon has issued Advisory Letter 06-04 to the approximate 100 companies with homeowners insurance policies in Louisiana, requesting their cooperation in extending from one to two...
La. Agent Faces Theft, Fraud Charges
May 25 2006 // A Shreveport, La., insurance agent was arrested and issued a cease and desist order and summary suspension of his license for alleged felony theft and misappropriation of insurance premiums, Louisiana Commissioner of...
PIA of La. Stresses Preparation for 2006 Hurricane Season
May 24 2006 // Due to the upcoming start of Hurricane Season on June 1, the Professional Insurance Agents (PIA) of Louisiana launched a public awareness campaign that includes the following tips for insurance consumers to prepare for the...
La. Senator Says Insurance Department is Doing Too Little – Too Late
May 19 2006 // Senator James David Cain, chairman of the Louisiana State Senate Insurance Committee, reacting to the announcement of investigations into insurers’ claims practices by the Louisiana Department of Insurance, says he...
Eight Indicted by San Diego County Grand Jury for Fraud
May 18 2006 // Eight Massachusetts residents have been indicted for insurance premium fraud charges by a San Diego County grand jury. The eight owners and employees of Massachusetts-based National Independent Contractors Association...
La. Agent Booked on Forgery Charges
May 18 2006 // A West Monroe, La., insurance agent recently was shut down and booked on five counts of forgery for allegedly falsifying information on documents while conducting the business of insurance, according to the Louisiana...
Accused of Taking Premiums, Former La. Agent Told to Cease and Desist
May 17 2006 // A former Pineville, La., insurance agent has been issued a cease and desist order for allegedly misappropriating insurance premiums, the Louisiana Department of Insurance reported. Pamela Carol Lee, 39, was ordered to...
St. Martinville, La., Producer Loses License After Felony Conviction
May 10 2006 // A St. Martinville, La. insurance producer was issued a cease and desist order and summary suspension of her insurance licenses subsequent to her conviction for a felony involving dishonesty or breach of trust in violation...
Insurers Oppose California Auto Repair Dispute Legislation
May 9 2006 // California is scheduled to consider a bill today, May 9, that is designed to resolve auto repair disputes between insurers and policyholders, according to Jeff Fuller, executive vice president and general counsel of the...
TDI Offers Tips for Storm Season
May 9 2006 // As the recent severe storms across Texas have shown, a disaster can occur in any part of the state and often with little or no warning. Insurance offers financial protection against damage from natural disasters, but you...
