Federal Reserve Fines Alabama Bank $3M for Flood Insurance Monitoring Issues August 24, 2023 By Insurance Journal Staff Reports The Federal Reserve Board has fined Regions Bank, based in Birmingham, Alabama, almost $3 million for failing to ensure that...
Orion180, Headquartered in Florida, Now Approved to Do Business in the State August 23, 2023 By Insurance Journal Staff Reports Another insurance firm is expanding into Florida, the state in which it has had its headquarters for several years. Orion180,...
Florida OIR Tells Citizens to Rethink Maximum Rate Increase on HO Policies August 22, 2023 By Insurance Journal Staff Reports When Citizens Property Insurance Corp. in June filed for the maximum rate increases allowed by its statutory glidepath, many in...
Security First Accountant Charged with Siphoning $1.4M Through Fake Invoices August 11, 2023 By Insurance Journal Staff Reports An accountant for Ormond Beach-based Security First Insurance Co. has been charged with stealing more than $1.4 million by creating...
Former Ga. Insurance Commissioner’s Conviction Stands, but Tax Repay Has to Wait August 8, 2023 By Insurance Journal Staff Reports Former Georgia Insurance Commissioner Jim Beck’s fraud conviction stands, but he won’t have to pay part of the restitution until...
AM Best Downgrades Alabama Muni Insurance Pool, Citing Law Enforcement Liability August 7, 2023 By Insurance Journal Staff Reports The A.M. Best financial rating firm has downgraded the financial strength rating of the Alabama Municipal Insurance Corp., citing weather...
Georgia Trial Lawyer Surrenders License After Using Insurance Settlement Proceeds July 6, 2023 By Insurance Journal Staff Reports The Georgia Supreme Court has accepted the voluntary license surrender of a plaintiffs’ attorney who had been in practice for...
Kentucky Official Pleads Guilty to Crop Insurance Fraud June 30, 2023 By Insurance Journal Staff Reports A central Kentucky farmer who is also a county official has changed his plea, admitting to charges of crop insurance...
Starting July 1, Florida Insurers Face New Guardrails on Force-Placed Insurance June 30, 2023 By Insurance Journal Staff Reports Starting Saturday, insurers and mortgage lenders for Florida homeowners will face some new restrictions on lender-placed insurance policies, thanks to...
USAA Settles Georgia Class Action on Underpaid Taxes in Auto Claims June 29, 2023 By Insurance Journal Staff Reports A federal judge in Georgia has given preliminary approval to a $2.3 million settlement in a class-action lawsuit that charged...