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8
10, 2015
California Doctor Indicted in $150M Insurance Fraud Not in Custody, D.A. Says
Los Angeles prosecutors say the doctor who orchestrated a $150 million insurance fraud scheme and allowed his assistant to perform surgeries is not in custody in Germany as they had previously reported. A spokeswoman for the Los Angeles district attorney …
5
10, 2015
South Carolina Slammed by Weekend Storm
A dangerous rainstorm drenching the East Coast brought more misery Sunday to South Carolina – cutting power to thousands, forcing hundreds of water rescues and closing “too many roads to name” because of floodwaters. Early Sunday, emergency management officials sent …
8
10, 2015
Mississippi Doctor Pleads Guilty to Involvement in Prescription Pill Ring
A Waveland, Miss., doctor accused of running a prescription pill mill has pleaded guilty to possession with intent to distribute a controlled substance outside the scope of a medical practice. The Sun Herald reports 56-year-old Steve Morris III entered the …
5
10, 2015
Big ‘I’ Agents Install Louisiana’s Lanoix as Chairman
The Independent Insurance Agents and Brokers of America (Big “I”) installed a new leadership team over the weekend with Randy Lanoix of Louisiana as chairman. The agents’ group also installed Spencer Houldin of Connecticut as chairman-elect, Vaughn Graham of Oklahoma …
6
10, 2015
Texas Tops for Heavy Equipment Thefts in 2014: Report
A report released by the National Insurance Crime Bureau (NICB) shows that thefts of heavy equipment increased nationally in 2014 by 1.2 percent over the previous year and that Texas had the highest number of such thefts. The NICB report, …
5
10, 2015
Connecticut Insurance Dept. to Play Key Role in Proposed Anthem/Cigna Merger
Connecticut’s Department of Insurance is playing a major role in a deal that could create the nation’s largest health insurer, leading a 26-state review of Anthem Inc.’s proposed merger with Bloomfield, Connecticut-based Cigna. Since Cigna is based in Connecticut, state …
6
10, 2015
College Player Files $3M Claim with Lloyd’s for Drop in NFL Draft
For the first time ever, a former college football star will cash in on an insurance policy that protected him from a free-fall in the NFL draft. CBS Sports’ Dennis Dodd reports that Ifo Ekpre-Olomu will collect a $3 million claim after the All-American …
5
10, 2015
Insurers Respond Slowly to Growing Demand for Cyber Insurance: Timetric Report
The cyber risk insurance market is experiencing rapid development, with the size of global gross written premiums growing from US$850 million in 2012 to an estimated US$2.5 billion in 2014, according to a new report by London-based business intelligence company, …
8
10, 2015
Florida Supreme Court Requests Rule Change for Lawyer Referrals
The Florida Supreme Court is asking the Florida Bar to prepare a rule that would ban lawyers from using for-profit client referral services that aren’t owned by lawyers. The court issued its order Sept. 24, citing problems with for-profit referral …
5
10, 2015
Insurers Say Trans-Pacific Pact Important for Industry Growth, Jobs
U.S. property/casualty insurers are welcoming the news that the Trans-Pacific Partnership (TPP) parties have reached an agreement. Although details of the pact are unknown, the U.S. insurers say they believe the agreement will level the playing field for them in …