Insurance News 10/13/2005
Insurance Agent Charged With Forging Applications
An insurance agent has been charged with using the personal information of customers, many of whom were elderly, to forge life insurance policy applications and steal more than $22,000 in insurance commissions.
Bush approves notes for hurricane flood insurance
President George W. Bush on Wednesday gave the U.S. Treasury the authority to allow borrowing of up to $3.5 billion to pay claims for Hurricane Katrina under the government's flood insurance program.
COLOR OF MONEY: Life insurance: Who needs it?
Lots of folks aren't clear about who needs life insurance. Lately, I've been compelled to think about life insurance because of the calamitous hurricanes that hit the Gulf Coast region. The loss of life has been tremendous. I wonder how many of those killed had life insurance, or of those who did if they had enough to take care of dependents spared by the storms.
State allows insurance company to exploit us
The politicians of this state, led by Gov. Jeb Bush, have allowed the people of Florida to be victimized by Citizens Property Insurance Corp.
Panel Urges Limits on Tax Breaks for Homes, Health Insurance
A presidential advisory panel agreed that changes in the federal income tax should limit popular tax breaks for both homeownership and employer-provided health insurance.
Dillion woman sentenced for insurance fraud
HELENA (AP) — A Dillon woman who pleaded guilty to fraudulently obtaining dozens of prescriptions for painkillers and filing insurance claims to pay for them received a deferred sentence in Beaverhead County District Court.
Iowa has lowest auto insurance
DES MOINES -- Maybe it’s the uncongested roads or the honest drivers, but whatever the reason, Iowa is once again paying the least for automobile insurance.
TWO DPP LAWMAKERS CLAIM INNOCENCE IN HEALTH INSURANCE SCAM
Taipei, Oct. 13 (CNA) Two ruling Democratic Progressive Party (DPP) legislators who also run hospitals claimed Thursday that they were not involved in reported health insurance frauds, and one of them pledged to resign if he is found to have taken any illicit money from the Bureau of National Health Insurance.
HCC Insurance to Buy GM Insurance Unit
HCC Insurance Holdings Inc. on Wednesday said it will expand its specialty insurance products by acquiring a unit of General Motors Acceptance Corp.
Audit suggest repeal of insurance tax credit
JEFFERSON CITY, Mo. - State Auditor Claire McCaskill suggested Wednesday that Missouri should consider eliminating a tax credit that helps insurance companies offset their costs of state reviews.
posted by gogo @ 2:05 AM
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