Archive for December, 2009

North Dakota Insurance Agent’s License Revoked (Insurance Journal)

By: Administrator
Published: December 31st, 2009
North Dakota Insurance Commissioner Adam Hamm has revoked the insurance license of Patricia Howard, a Dunn Center, N.D., insurance agent who the insurance department says engaged in deceitful and ...

Florida Doctors Insurance Company Acquires Physicians Preferred Insurance Company and Physicians Preferred Insurance … (dBusinessNews.com)

By: Administrator
Published: December 31st, 2009
JACKSONVILLE--Florida Doctors Insurance Company (FLDIC) announced today it has successfully completed a merger and acquisition of Physicians Preferred Insurance Company (PPIC), making FLDIC the fourth largest admitted writer of physicians and surgeons medical professional liability insurance in Florida.

Florida Doctors Insurance Company Acquires Physicians Preferred Insurance Company and Physicians Preferred Insurance … (dBusinessNews.com)

By: Administrator
Published: December 31st, 2009
JACKSONVILLE--Florida Doctors Insurance Company (FLDIC) announced today it has successfully completed a merger and acquisition of Physicians Preferred Insurance Company (PPIC), making FLDIC the fourth largest admitted writer of physicians and surgeons medical professional liability insurance in Florida.

2 Arrested For Bay Area Insurance Fraud (CBS 5 Bay Area)

By: Administrator
Published: December 31st, 2009
Two Bay Area residents have been arrested on suspicion of committing felony automobile insurance fraud in connection with a February crash in Milpitas, state Insurance Commissioner Steve Poizner announced Wednesday.

Weighing term vs. cash value insurance (The Cincinnati Enquirer)

By: Administrator
Published: December 31st, 2009
I recently received an e-mail from a 56-year-old woman who had a term-insurance policy that was about to leap in premium. The initial, guaranteed-level premium was about to end. And her $200,000 policy was going to cost $2,300 next year and successively higher and successively steeper amounts every year thereafter.

New insurance mandates take effect in Wisconsin (Manitowoc Herald Times Reporter)

By: Administrator
Published: December 31st, 2009
MADISON Young adults can stay on their parents insurance longer, and birth control costs must be covered for those looking to avoid having any kids at all, under new laws that take effect Friday in Wisconsin.

Ohio’s home-insurance premiums sixth-lowest in nation (The Columbus Dispatch)

By: Administrator
Published: December 31st, 2009
The yearly rate Ohioans paid for homeowners insurance rose $6 between 2006 and 2007 to $548, ranking the state sixth-lowest for such premiums, the National Association of Insurance Commissioners said.

Doctors’ licenses revoked for S$3.4 mil. insurance fraud (AsiaOne)

By: Administrator
Published: December 31st, 2009
TAIPEI, Taiwan - Three doctors who admitted to conspiring with patients to defraud insurance companies of almost NT$80 million (S$3.4 million) have had their licenses revoked for the first time in the nation's medical history.

Government insurance for long-term care likely to slip into final healthcare bill (Los Angeles Times)

By: Administrator
Published: December 31st, 2009
The plan would let any employee pay into the program and later receive benefits for in-home assistance to the elderly and disabled. The proposal has drawn majority opposition but little attention. A government insurance plan to provide in-home assistance to the elderly and disabled is poised to become law despite a majority of senators voting against including the proposal in the healthcare ...

AG sues Peabody insurance agency (The Daily Item)

By: Administrator
Published: December 31st, 2009
PEABODY - A Peabody-based insurance agency is being sued by Attorney General Martha Coakley's office for allegedly overcharging customers.

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