Latest Pennsylvania Headlines
All the headlines from our Pennsylvania Topic Page, ordered by recency.
Reliance Files for Chapter 11
Jun 14 2001 // Reliance Group Holdings Inc. went to court to file for Chapter 11 bankruptcy protection on June 12. According to the Wall Street Journal, the filing in the Southern District of New York’s U.S. Bankruptcy Court listed...
Court Grants Penn. Department’s Petition to Place Reliance Ins. Co. in Rehabilitation
May 31 2001 // Pennsylvania Insurance Commissioner M. Diane Koken announced that the Commonwealth Court of Pennsylvania had granted the Insurance Department’s request to place financially troubled Reliance Insurance Company into...
Penn. Hospitals, Physicians Call for Medical Liability Reform
May 24 2001 // The Pennsylvania Medical Society and The Hospital & Healthsystem Association of Pennsylvania (HAP) released a joint statement outlining a set of principles and an action plan for reforming the medical professional...
Pa. Professional Liability Joint Underwriting Association Names President
May 11 2001 // Pennsylvania Professional Liability Joint Underwriting Association appointed Susan M. Sersha as president. Under the association’s Plan of Operations, Sersha also serves as a member of the association’s Board...
Pennsylvania DOI Signs Agreement With Federal Banking Regulator
Mar 30 2001 // The Pennsylvania Insurance Department has signed an agreement to exchange a broad array of information with the Office of the Comptroller of the Currency. The OCC is the federal regulator of 2,600 national banks and 66...
Insurance Fraud Prevention Authority Releases Statistics for 2000
Feb 13 2001 // The Pennsylvania Insurance Fraud Prevention Authority released its annual statistics. The IFPA funds 13 law enforcement units throughout the commonwealth using assessments on insurance companies. Without spending one cent...
Pennsylvania Man Returns From the Dead to Face Fraud Charges
Jan 12 2001 // A former Easton, Penn. man and his wife have been returned to Lehigh County from Thailand to face charges of allegedly conspiring to steal nearly $1.6 million from insurance companies by faking the husband’s death...
Penn. Fines ChoicePoint $1.3 Million
Jan 3 2001 // Georgia-based Choice Point Services, accused of breaching its contract with the state of Pennsylvania by putting driver records on the Internet, has agreed to pay a $1.37 million penalty and to adhere to strict conditions...
Pennsylvania Pioneers Drug/Alcohol Rehabilitative Program For Agents
Jan 3 2001 // Pennsylvania recently became the first state in the nation to use a rehabilitative program for chemically dependent insurance agents and brokers called “Agents Helping Agents”. Pennsylvania Insurance...
Northeast Pennsylvania Financial Corp. to Acquire Higgins Insurance Agency
Sep 22 2000 // Northeast Pennsylvania Financial Corp. and Higgins Insurance Associates, Inc. have signed a letter of intent for Northeast to acquire Higgins Insurance Agency. The transaction is subject to certain rights of first refusal...
Pennsylvania Lumbermens Gets ‘BBBpi’
Sep 18 2000 // The “BBBpi” financial strength rating on Philadelphia-based Pennsylvania Lumbermens Mutual Insurance Company was affirmed by S&P. The company, which writes mainly fire, commercial, multiple peril, allied...
Old Guard Group Shareholders Approve Acquisition by Ohio Farmers
Sep 13 2000 // Old Guard Group, Inc. has received shareholder approval for its acquisition by Ohio Farmers Insurance Company. With more than 71% of the outstanding stock voting, 92% were voted in favor of the transaction. The transaction...
PA DOI Signs Agreement with Federal Regulator of Savings Associations
Aug 31 2000 // Pennsylvania Insurance Commissioner Diane Koken today announced that Pennsylvania has entered into an agreement to exchange a broad scope of information with the Office of Thrift Supervision (OTS), the primary federal...
Pennsylvania Disputes Holocaust-era Claim
Aug 22 2000 // Pennsylvania officials have asked a state court to dismiss a case brought against it by American Re, according to a Reuters News Service report. The case involves a dispute with links to Holocaust-era claims, a spokeswoman...
Holocaust Controversy Halts American Re/UNG Deal
Aug 21 2000 // Last August, American Re, a subsidiary of Germany’s Munich Re-the world’s biggest reinsurer-agreed to acquire American Insurance Service Inc. (AIS) and its United National Group (UNG) with assets of an...
Pennsylvania DOI Posts Enforcement Actions on Web Site
Jun 27 2000 // Insurance Commissioner Diane Koken today announced that enforcement actions taken against agents and companies licensed to conduct business in Pennsylvania are now available on the state’s web site at www.state.pa.us...
Holocaust Issues Delay Munich Re Acquisition
Jun 26 2000 // A ruling by the Pennsylvania Supreme Court will further delay Munich Re subsidiary, American Re’s purchase of Pennsylvania based asset management company, United National Group. A lower court judge had ordered the...
Pennsylvania Employer Sentenced for Not Carrying Workers’ Compensation Insurance
Jun 21 2000 // A Westmoreland County employer who pleaded guilty to five misdemeanor violations of the Pennsylvania workers’ compensation law was recently sentenced to five years probation, ordered to pay $14,798 in restitution and...
Pennsylvania Gov. Signs Premium Tax Offset
May 31 2000 // Pennsylvania Gov. Tom Ridge has signed tax legislation providing a premium tax offset for property and casualty insurers, ensuring that the state’s guaranty fund system remains viable. Pennsylvania joined 18 other...
ConfirmNet Opens Pennsylvania Regional Office
May 26 2000 // ConfirmNet Corporation, an e-service business-to-business application service provider to the insurance industry, has opened a new office in Pennsylvania. Richard Schoeninger manages the region and will operate from an...
