Latest Numbers Headlines
All the headlines from our Numbers Topic Page, ordered by recency.
Fourteen Arrested for Insurance Fraud in L.A. Sweep
May 23 2003 // The California Department of Insurance (CDI) Los Angeles County Auto Insurance Fraud Task Force arrested 14 people, including two insurance brokers, suspected of defrauding three insurance carriers in a criminal...
Five Arrests Made in Undercover Calif. Operation
May 6 2003 // Investigators from the California Department of Insurance Urban Auto Fraud Task Force arrested five individuals last week stemming from an undercover operation named “Operation Pay Out.” All five suspects were...
Three Alaska Credit Bills Up for Vote This Week
Apr 23 2003 // Alaska legislators will consider three bills this week that would reportedly restrict or prohibit insurance companies’ use of credit information, potentially increasing the costs for auto and homeowners policies. The...
Two Calif. Officers Involved in Insurance Fraud
Apr 3 2003 // A Merced County, Calif. sheriff’s detective and a deputy under investigation on suspicion of insurance fraud resigned and confessed to being involved in an off-duty felony criminal act, according to the Modesto...
Two Bills Up for Hearing in N.H. House Commerce
Mar 4 2003 // Two significant insurance-related bills are up for hearing this week in the New Hampshire House Commerce Committee. “These two bills couldn’t be more contradictory,” Gerald Zimmerman, senior counsel for...
Two Men Plead Guilty to Fraud Charges
Feb 10 2003 // Two San Fernando Valley, Calif. residents, Timothy Caffery, 24, and Jose David Duarte, 22, pled guilty to insurance fraud charges as a result of a four-month investigation by the CDI Urban Auto Fraud Task Force. The two...
Five Ways Savvy Salespeople Can Profit From the Internet
Feb 10 2003 // I’ve written previously that the increase in technology will lead to a decrease in the number of salespeople. Although this is a bad omen for low producers, technology (specifically the Internet) isn’t the...
Five Bills Introduced in Ind. to Reportedly Restrict Credit Use By Insurers
Jan 24 2003 // During the first three weeks of the 2003 session, Indiana legislators have introduced five bills that would reportedly restrict the use of credit information in underwriting and rating policies, continuing a major debate...
Two Tallahassee Ind. Agencies Merge To Form Area’s Largest
Jan 9 2003 // Two of Tallahassee, Fla.’s oldest and largest independent insurance agencies, Rogers, Atkins, Gunter & Associates and Vaughn Insurance Agency, announced they merged into one company effective January 1, 2003....
Nine More Indicted in Nev. Fraud Scam
Dec 24 2002 // The Clark County Grand Jury has indicted the nine remaining defendants in the Guy Mitchell Sheets fraud case (See IJ West Web News, Dec. 19): Terri Denise Bragg, Rodney Bernard Winters, Basheba Peoples, Cedric Peoples,...
Three Strikes to Lower Agency Value
Nov 25 2002 // In the past year or so there have been some notable acquisitions of agencies that were pushing the agency value envelope. For some cases, banks were making their platform acquisition and thus willing to pay top dollar to...
Three Strikes to Lower Agency Value
Nov 11 2002 // In the past year or so there have been some notable acquisitions of agencies that were pushing the agency value envelope. For some cases, banks were making their platform acquisition and thus willing to pay top dollar to...
One-time GOP Rival Endorses Garamendi
Nov 4 2002 // Former GOP Insurance Commissioner Candidate Wes Bannister recently endorsed Democratic candidate John Garamendi in next week’s election for Insurance Commissioner. Bannister, who lost to Garamendi in the 1990 general...
Seven Found Guilty in Texas of Alleged Water/Mold Scheme
Oct 11 2002 // The Texas Department of Insurance (TDI) announced that seven people who were arrested in the Houston-area in connection with an alleged scheme to defraud insurance companies by intentionally flooding homes and filing bogus...
Eight Receive 2001, 2002 NAMIC Service Awards
Sep 24 2002 // Due to the cancellation of its 2001 convention after 9/11, recipients of both the 2001 and 2002 NAMIC Service Awards were honored during the business meeting of the 107th convention of the National Association of Mutual...
EIGHT INSURERS EXPOSED TO WESTERN FIRE RISKS
Sep 2 2002 // In seven Western fire-prone states, only eight large property and casualty insurers are exposed to 72.9 percent of the home insurance risk, according to a recent analysis by Weiss Ratings Inc. At year-end 2001, eight...
Twenty Carriers Sign On With IVANS Transformation Station
Aug 28 2002 // IVANS Inc. announced that 20 insurance carriers have now chosen its IVANS Transformation StationT data exchange platform. Those companies that have licensed the platform include Cincinnati Equitable Insurance Co., Donegal...
Two More Law Firms File Class Action Suits Against Aon
Aug 23 2002 // The law firm of Pomerantz Haudek Block Grossman & Gross LLP, which has offices in New York and Chicago, and the Pennsylvania-based law firm of Marc S. Henzel both announced that they have filed legal actions in U.S....
Eight Insurers Exposed to 73 Percent of Homeowners Risk in Western Fire-Prone States
Aug 15 2002 // In seven Western fire-prone states, only eight large property and casualty insurers are exposed to 72.9 percent of the home insurance risk, according to a recent analysis by Weiss Ratings, Inc. At year-end 2001, eight...
Five States Sue Banks in Frankel Case
Aug 7 2002 // Five Southeastern states that lost $200 million to financier Martin Frankel’s reported insurance schemes filed suit against their banks, arguing those institutions should have been prepared for Frankel’s...
