Owner of Calif. glass replacement chain guilty of defrauding insurers

The owner of a California-based automobile glass replacement company with more than 60 stores nationwide was convicted on several counts, including overcharging insurers for moldings and other parts never used.  Read Story

New York sees 24% rise in insurance fraud convictions

Like other surrounding states, New York is not only seeing an increase in insurance fraud, but also in convictions for those committing such acts.  Read Story

Nurses sue Horizon, claiming underpayments of $4.5 million

A group of 35 registered nurses from New Jersey and Pennsylvania are suing Horizon Blue Cross and Blue Shield, accusing the insurer of underpaying them by $4.5 million over the last few years for their work as surgical assistants.  Read Story

State regulators ready for health reform despite lawsuits, cost concerns

With attorneys general from several states threatening to challenge the federal government’s newly-enacted health reform efforts, the association representing state insurance regulators says it will proceed as if the new guidelines are law.  Read Story

Attorneys general in 10 states to file suit to block health reform bill

With a few strokes of a pen, President Barack Obama will sign historic health reform legislation into law and likely touch off lawsuits on behalf of 10 states to block what they say is an unconstitutional measure.  Read Story

Former Louisiana Citizens executive pleads guilty to theft charge

The former chief executive officer of Louisiana Citizens Property Insurance Corp. pleaded guilty to using money from several state-run insurance companies’ expense account for personal uses, which could net him up to 30 months in state prison.  Read Story

Report: FINRA to close GunnAllen, leave 400 unemployed

A move by the Financial Industry Regulatory Authority to close broker-dealer GunnAllen Financial is resulting in more than 400 financial advisors searching for a new employer.  Read Story

State Auto shifts its center, looks to southward growth

State Auto Insurance Co., a super-regional property-casualty insurer, is expanding its East Coast presence by opening a new regional headquarters in the Baltimore area and focusing more heavily on the Virginia market.  Read Story

‘Disappointment’ reigns among insurers, agents over health reform bill

Recognizing the historical aspect and increased coverage provided through the health reform bill approved by the U.S. House of Representatives, insurance companies and at least one agents’ group are not sharing the enthusiasm of Democrats.  Read Story

American National forms New York subsidiary

American National Insurance Co., based in Galveston, Texas, has formed a new subsidiary to serve New York, part of its expanded marketing operations.  Read Story