A 98-page federal racketeering lawsuit was filed against a New Orleans law firm and one of its members over a tractor trailer wreck that was staged to defraud the owner of the tractor trailer and its insurer through bodily injury claims arising out of the staged...
Louisiana Insurance Guaranty Association (LIGA) Executive Director John Wells told the LIGA board of directors at its March 25 meeting that Bedivere Insurance Company was placed in liquidation by the Pennsylvania courts on March 11. Wells reported that the...
The legislative liaison for the Louisiana Department of Insurance previewed several bills which will be introduced during the 2021 Regular Session of the Legislature. The bills make up the department’s legislative package for the session convening April 12. David...
On April 2, Florida Commissioner of Insurance David Altmaier, advised the state’s chief financial officer in a letter that American Capital Assurance Company is insolvent and that its board of directors consented to an Order of Receivership. Under the order, American...
Root Insurance, a company that markets personal lines auto insurance based primarily on driver behavior, has launched a campaign against insurers’ use of credit-based scoring. In a Feb. 19 media release by Edelman, a global communications company, Jeremy Eisengrein...
The American Property Casualty Insurance Association took issue with Root Insurance Company’s mission to have credit-based insurance pricing outlawed across the country, either state-by-state or by federal fiat. Jessica Hanna, senior vice president public affairs,...
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