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Los Gatos chiropractor sentenced to two years for insurance fraud (San Jose Mercury News)
A Los Gatos chiropractor '?Robert Arnold Demarco, 42, '? was convicted of defrauding insurance companies of more than $250,000 by overbilling them for services he didn't perform. The Morgan Hill man was sentenced Monday by Santa Clara Superior Court Judge Kenneth P. Barnum. Demarco had pleaded guilty to one count each of felony grand theft and presenting a false insurance claim.
Moody's cuts MBIA Insurance to "Baa1" (Reuters via Yahoo! Singapore News)
NEW YORK, Nov 7 (Reuters) - Moody's Investors Service on Friday cut its ratings on MBIA Inc's insurance arm and also sent ratings on the holding company's debt into junk territory, citing diminished business prospects and a weaker financial profile.
Is your insurance safe? (International Herald Tribune)
Major U.S. life insurers like MetLife, Prudential Financial and the Hartford are reeling from third-quarter losses. Here are answers to some basic questions about the safety of life insurance policies.
Seward could lose state Senate Insurance Committee post (The Observer-Dispatch)
State Sen. James Seward, R-Milford, could lose his post as chairman of the Senate Insurance Committee as a result of the probable Democratic takeover of the state Senate.
Regulators issue draft revision to capital requirements for life insurance cos. (Investment Executive)
Canadian insurance regulators are proposing to revise their approach to setting capital requirements for the life insurance industry ahead of a new capital adequacy framework.
Farmers Insurance plans to up rates in Texas (KXXV Waco)
Associated Press - November 7, 2008 6:35 PM ET AUSTIN (AP) - Farmers Insurance has filed for an average rate increase of 9.9% for Texas homeowners insurance policies.
China allows insurance funds to invest in non-listed companies (China Daily)
China will allow insurance funds to invest in non-listed companies so as to increase their investment opportunities, China Insurance Regulatory Commission (CIRC) spokesman Yuan Li told reporters on Friday.
Car Insurance Shoppers Can Click, Compare, and Save at CarInsurance.com (wallstreet:online AG)
CarInsurance.com has expanded its car insurance offering into New Mexico, Rhode Island, and West Virginia.
Citizen Insurance Policy Changes (WCTV Tallahassee)
Citizen Insurance customers may have their policies switched to a smaller company without even knowing it.
Renewing Your Home Owner's Insurance (BellaOnline)
Nobody likes to consider the ramifications of a worst case scenario, least of all the financial consequence of the lack of adequate home owner's insurance. With the unusual weather conditions happening today, it's important to check your policy when renewing.
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