Latest Department of Insurance Headlines
All the headlines from our Department of Insurance Topic Page, ordered by recency.
N.C. Commissioner Demands Certified Statements on Bid Rigging
Oct 28 2004 // Jim Long A “demand to produce information” has been issued by the North Carolina Department of Insurance in an effort to closely scrutinize the records and practices of more than 5,000 insurance companies and...
38 People Arrested in California Insurance Scam
Sep 16 2004 // On Sept. 15, authorities completed arresting 38 people for alleged auto insurance fraud at more than 30 auto body shops in Riverside and San Bernardino Counties. The suspects were arrested over the past five days and...
Louisiana Agent Arrested for Alleged Fraud
Aug 30 2004 // The Louisiana State Police Fraud Unit arrested a Leesville, La., insurance agent and Department of Insurance Fraud Unit investigators issued the man a Cease and Desist Order and Summary Suspension of his license for...
C&D ORDER ISSUED IN LOUISIANA:
Aug 23 2004 // The Louisiana Department of Insurance shut down a Jena, La. insurance producer and issued a Cease and Desist order, along with a summary suspension of her insurance license, for allegedly misappropriating premium dollars...
CALIF. SUPREME COURT ISSUES MAJOR RULING ON INSURER BAD-FAITH CLAIMS:
Aug 23 2004 // The California Supreme Court threw out a lower court ruling that had resulted in a multi-million dollar damage award against an insurance company. The Association of California Insurance Companies (ACIC) had filed an...
La. Producer’s License Suspended for Allegedly Holding Onto Premiums
Aug 12 2004 // A Bastrop, La. insurance producer was issued a Cease and Desist order and a summary suspension of his insurance license for allegedly receiving premiums from customers and not forwarding them to the insurance company in a...
Calif. Supreme Court Issues Major Ruling on Insurer Bad-Faith Claims
Aug 9 2004 // The California Supreme Court threw out a lower court ruling that had resulted in a multimillion-dollar damage award against an insurance company. The Association of California Insurance Companies (ACIC) had filed an amicus...
C&D Order Issued to La. Agent
Jul 22 2004 // The Louisiana Department of Insurance shut down a Jena, La. insurance producer and issued a Cease and Desist order, along with a summary suspension of her insurance license, for allegedly misappropriating premium dollars...
S.C. Small Employer Health Benefits Fair July 21
Jul 16 2004 // South Carolina small employers in the Lowcountry will have the opportunity to learn more about employee health benefits and other health coverage initiatives Wednesday, July 21, from 11 a.m. to 6 p.m. at the Embassy Suites...
LDI Shuts Down Baton Rouge Agency
Jul 9 2004 // The Louisiana Department of Insurance shut the doors of Banner Insurance Agency Inc. at two Baton Rouge locations, according to Commissioner of Insurance Robert Wooley. The Louisiana State Police Insurance Fraud Unit...
California Court Ruling Undermines Insurance Commissioner’s Authority
Jun 21 2004 // A ruling by the California Court of Appeals undermines state regulation and the authority of the insurance commissioner by essentially declaring rate filings approved by the Department of Insurance as invalid according to...
California Court Ruling Undermines Insurance Commissioner’s Authority
Jun 14 2004 // A ruling by the California Court of Appeals undermines state regulation and the authority of the insurance commissioner by essentially declaring rate filings approved by the Department of Insurance as invalid according to...
Former N.C. Agent Under Investigation for Embezzlement
Jun 8 2004 // North Carolina Insurance Commissioner Jim Long announced Gevedon Insurance Agency, of Columbus, is currently under criminal investigation for numerous charges of alleged embezzlement. Polk County Sheriff’s Department...
LDI Wins Louisiana Press Women Awards
May 7 2004 // The “Ask Robert Wooley, Your Commissioner of Insurance” consumer column has once again won a first-place award in the annual Louisiana Press Women’s communications competition. According to the Louisiana...
ACIC Responds to CDI News Conference
May 4 2004 // Sam Sorich, president of the Association of California Insurance Companies (ACIC), released a statement in response to Insurance Commissioner John Garamendi’s recent comments regarding the response of the insurance...
WCIRB Testifies at CDI Public Hearing
Apr 30 2004 // On April 29, the WCIRB testified at a California Department of Insurance (CDI) public hearing called to assess the impact of the recently-enacted Senate Bill 899 (SB 899) on advisory pure premium rates effective July 1,...
Court Decision Threatens Stability in California’s Insurance Market
Apr 19 2004 // If after 16 years of off-and-on court cases, attempting to interpret the ambiguous and contradictory language of Proposition 103 isn’t enough, this month, another interpretation came down from the Second District...
Ohio Governor Signs Med-Mal Stabilization Bill
Apr 13 2004 // Calling the ongoing escalation in medical malpractice insurance rates “a threat to doctors and their patients,” Ohio Governor Bob Taft on Monday signed House Bill 282 authorizing establishment of a new Medical...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
Surplus Lines Products For Homeowners – Salvation or Cause for Concern’
Apr 5 2004 // In 2004, the California homeowners and dwelling marketplace continues to erode. In October 2003, catastrophic wildfires destroyed 790,000 acres of brush and forest land, and along the way destroyed 3640 homes, 1141...
