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News – Insurance Journal
California Siblings Arraigned in $1.4M Workers’ Comp Scheme
California farm labor company owners and siblings Elias Perez, 40, of Greenfield, and Alejandra Perez, 37, of Soledad, were arraigned on over 20 felony counts of insurance and tax fraud after allegedly underreporting payroll by over $17 million resulting in …
POSTED APRIL 16, 2021 9:27 PM |
Tennessee Insurance Dept. Receives NAIC Accreditation
The Tennessee Department of Commerce and Insurance (TDCI) has received accreditation from the National Association of Insurance Commissioners (NAIC). The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 …
POSTED APRIL 16, 2021 4:57 PM |
Mississippi Seeks Federal Disaster Aid After Winter Storms
Mississippi is asking President Joe Biden to approve a major disaster declaration to help local governments and nonprofit groups recover costs from responding to winter storms that brought large parts of the state to a standstill. Gov. Tate Reeves’ office …
POSTED APRIL 16, 2021 4:52 PM |
Texas Energy Companies Against Berkshire Hathaway’s $8B Backup Power Plan
An $8.3 billion idea by Warren Buffett’s Berkshire Hathaway Energy to build 10 new natural gas power plants across the state for emergency use turned into formal legislation on April 15, when the proposal was introduced during a state Senate …
POSTED APRIL 16, 2021 4:48 PM |
Louisiana Accuses Alabama Agency, Owner of Fraudulent Marketing, Submissions
The Louisiana Department of Insurance (LDI) has issued a cease and desist order to a Birmingham, Ala., insurance agency, Senior Care Services LLC, alleging the company uses false or misrepresentative facts and information such as submitting fraudulent applications for insurance …
POSTED APRIL 16, 2021 4:25 PM |
NICB Supporting Texas Bill Aimed at Curbing Catalytic Converter Thefts
The National Insurance Crime Bureau (NICB), is urging Texas legislators to take steps to address the significant increase in catalytic converter thefts across the state. Texas is in the top five of states with the most catalytic converter thefts, the …
POSTED APRIL 16, 2021 4:13 PM |
Deaths in Vehicle Crashes Up 38% in South Dakota in 2020
The number of traffic crash fatalities in South Dakota rose to 141 last year — an increase of 38% over the previous year. The South Dakota Department of Public Safety said in 2020, there were 132 crashes in which the …
POSTED APRIL 16, 2021 4:11 PM |
South Texas Officials Worried About Flooding Due to Border Levee Breaches
South Texas officials say they are worried about flooding during the hurricane season starting June 1 from breaches in a levee system that remain after border wall construction was halted. Hidalgo County Judge Richard Cortez told Border Report that there …
POSTED APRIL 16, 2021 4:11 PM |
Abry Partners Acquires Michigan’s High Street Insurance Partners
Abry Partners (Abry), a Boston-based private equity firm, has acquired High Street Insurance Partners (HSIP), a full-service insurance brokerage, located in Traverse City, Michigan. Abry is acquiring HSIP from Huron Capital (Huron), a Detroit-based lower middle-market private equity platform. HSIP …
POSTED APRIL 16, 2021 4:08 PM |
Auto Insurers Lead 2020 U.S. Property/Casualty Impairments: AM Best
Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an AM Best special report. Last year’s number was an improvement over 2019 when 13 impairments were …
POSTED APRIL 16, 2021 3:58 PM |
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