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The arrests were a result of an undercover operation by the Florida Division of Insurance Fraud with the cooperation of the Special Investigation Unit of Blue Cross and Blue Shield of Florida.
The Nevada Division of Insurance is addressing fraudulent annuities insurance programs through continued strong consumer education awareness and a comprehensive advertising campaign that launched this month.
Leslie Jones of the South Carolina Department of Insurance and John Hartnedy of the Alaska Division of Insurance are working on the statement with representatives of the industry, the American Academy of Actuaries and consumer representatives.
The issuance of Life Settlement Solutions' license in New Jersey is significant because it recognizes our company as officially approved by the state's division of insurance as a formally licensed settlement provider," said Larry Simon, president and founder of Life Settlement Solutions Inc.
As a result of the LBO, coverage provided by HCI to HCA beginning in 2007 will include a large self-insured retention and an extraordinary dividend of $365 million, which was approved by the Colorado Division of Insurance and paid by HCI on November 16, 2006.
She previously was president of the Land Title Association of Colorado where she testified before HUD on RESPA reform, and, in conjunction with the Colorado Division of Insurance, created the TriParty Task Force, which jointly created the TriParty Agreement, which has regulated the funding of tens of thousands of real estate loans in Colorado since its inception.
We believe that recent Illinois legislation providing for (i) more access to key industry data and (ii) tort reforms, have together improved our ability to predict losses and refine our pricing, thus enabling Medical Protective to file - with the Illinois Division of Insurance - for an approximate 30% reduction in rates," commented Mark Wittel, Vice President, Agency Sales at Friday's news conference in Alton.
Business is focused on private passenger automobile and conducted solely in Massachusetts, which is a highly regulated market characterized by rates that are set by the state's Division of Insurance (DOI).