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Articles from July 2006
Sunday, July 30, 2006
Insurance adjusters charged with fraudulent collections
By Roy @ 12:38 AM :: 1428 Views :: 8 Comments :: :: Home

Miami, Florida (AP) — State authorities say two insurance adjusters have been arrested for allegedly defrauding insurance companies out of more than 400-thousand dollars following the storms of 2004 and 2005.

Jose Manuel Soler and Ariel Fernandez of Coast to Coast Public Adjusters were each charged with 104 counts of third degree insurance fraud, 104 counts of third degree grand theft as well as one count of first degree organized scheme to defraud.

The pair allegedly submitted 75 forged contractor agreements to Citizens Insurance, resulting in an overpayment of more than 300-thousand dollars. Another 29 documents were submitted to the Tower Hill Group, resulting in more than 125-thousand dollars.

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Friday, July 28, 2006
La. Commissioner to Meet with Allstate President About Coverage Issues
By Roy @ 6:29 PM :: 492 Views :: 0 Comments :: :: Home
"Commissioner Donelon requested the meeting with top company management after local representatives threatened that Allstate will leave the Louisiana homeowners market if they are not allowed to circumvent state law by dropping wind and hail coverage on 30,000 home owners in 18 parishes."  from - insurancejournal.com
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Thursday, July 27, 2006
Bush considering state-run pool for business insurance coverage
By Roy @ 11:00 PM :: 460 Views :: 1 Comments :: :: Home

Gov. Jeb Bush is considering a state-run reinsurance pool or joint underwriting pool to help businesses that can't get policies from private insurers, saying that if companies can't get coverage, it could lead to an economic downturn.

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