Insurance Commissioner Wayne Goodwin today announced the arrest of Landon Noah Anthony “Rocky” Mabe, 25, of 4150 Breezewood Drive, Apt. 104, Wilmington; he is charged with one count each of insurance fraud, obtaining property by false pretense and corporate malfeasance.
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Jan. 20– Blue Cross and Blue Shield of Minnesota on Thursday named Maryland insurance executive and former top UnitedHealth Group Inc. manager Kenneth Burdick as its president and CEO, capping a seven-month search.
APPELLATE DIVISION, FOURTH DEPARTMENTWorker’s Compensation. Indemnification Farm Family Casualty Insurance Company v. Brady Farms Inc.CA 10-02440 Appealed from Supreme Court, Genesee County.
The proposal, supported by the Leukemia& Lymphoma Society, amends insurance law and increases coverage of chemotherapy medications while preventing insurers from hiking costs for other cancer care to make up for costs.
Insurers paid three times more for closed Missouri legal malpractice claims last year than a decade ago, and rising defense costs are a likely culprit.
Bethpage Federal Credit Union recently signed a deal with Tampa, Fla.- based Invest Financial to expand its investment and insurance offerings.
FACTS: This case arose from the denial of coverage for long-term disability benefits after David Zhou, an employee of American Computer Technology, Inc., was diagnosed with a depressive disorder and filed an insurance disability claim. Zhou, through a group policy provided by ACT, was a participant in MetLife’s Long-Term Disability Insurance Plan.
A woman whose leg was amputated following an accident involving an electric car received a $1.5 million settlement. Before a suit was filed, the insurers of the driver, Shelly Kempton, and the vehicle’s owners, Diana and Michael Faltermeier, paid the policy limits to the vehicle’s injured passenger, Heather Williams.
Eight insurance industry executives had their heads shaved bald in front of a cheering crowd in Las Vegas, Nev., AmWINS Group announced.
Assurant Health, a provider of medical, supplemental and fixed- benefit health plans for individuals, families and small employers, announced an agreement with Aetna Signature Administrators, allowing current and prospective medical customers of Assurant Health to access the Aetna Signature Administrators national PPO network.
American General Life Companies has announced the availability of “AG Quick Ticket,” a web-based life insurance application that allows producers to complete and submit applications electronically via a computer or tablet and ensures fast turnaround times for the interview, exam and submission of the full application to American General.
A.M. Best Co. has downgraded the financial strength rating to B++ from A- and issuer credit rating to “bbb+” from “a-” of GHS Property and Casualty Insurance Company.
Hiscox Insurance has been ordered to pay a $2.3 million claim following a two-year legal battle over a Florida business that was destroyed by fire, according to federal court records…
The U.S. Labor Department has tentatively approved Google Inc. to fund several employee benefit risks through its Hawaii- based captive insurance company…
Navigators Management Co. Inc., the principal underwriting subsidiary of the Navigators Group Inc., is expanding its reinsurance division with a professional liability unit, the company said in a statement…
The devastating earthquakes of 2010 and 2011 highlighted some blind spots in the industry’s underwriting and catastrophe modeling, Swiss Re said…
A.M. Best Co. has assigned a financial strength rating of A and issuer credit ratings of“ a” to Attorneys’ Liability Assurance Society Ltd. and its wholly-owned subsidiary, Attorneys’ Liability Assurance Society, Inc., A Risk Retention Group.
Mary Ellen Stanek, managing director and director of asset management of Robert W. Baird& Co., has been elected to the board of directors of Wisconsin Energy Corporation, effective immediately. “I’m delighted that Mary Ellen has agreed to serve as a Wisconsin Energy director,” said Gale Klappa, chairman, president, and chief executive officer. “
SANTA MONICA, Calif., Jan. 19, 2012/ PRNewswire-USNewswire/– The billionaire insurance baron-backed ballot measure to surcharge millions of California drivers by 40% has qualified for the November 2012 ballot, according to the California Secretary of State.
