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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. 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. Farmers Insurance plans to up rates in Texas (News 8 Austin) Farmers Insurance has filed for an average rate increase of 9.9 percent for Texas homeowners insurance policies. Lampson: flood insurance mandate dead in Congress (Sugar Land Sun) A congressional proposal to mandate flood insurance for homes behind levees has been defeated, U.S. Rep. Nick Lampson, said Wednesday night. Moody's cuts MBIA Insurance to "Baa1" (Reuters via Yahoo! Philippines 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. Farmers Insurance plans big increase in Texas homeowners rates (Dallas Morning News) AUSTIN ? Farmers Insurance plans to impose double-digit rate hikes for hundreds of thousands of its customers in North Texas and across the state, blaming the increase on rising costs for labor and building materials. BrickStreet Insurance Attacks Workers' Comp Fraud (The Inter-Mountain) BrickStreet Insurance's Special Investigative Unit has saved the workers' compensation insurer more than $2.3 million, an official told about 30 local employers and insurance professionals Oct. 30 during the Elkins-Randolph County Chamber of Commerce "Eggs &?Issues" event. 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. Berkshire Hathaway Profit Falls 77% on Investments, Insurance (Bloomberg) Nov. 8 (Bloomberg) -- Billionaire Warren Buffett 's Berkshire Hathaway Inc. posted a fourth straight profit drop, the longest streak of quarterly declines in more than a decade, as hurricanes hurt returns at insurance operations and investments lost value. Health insurance meeting (The Marietta Times) Washington County Commissioner John Grimes met Friday with representatives from AULTRA, the county's current health insurance provider, to discuss the switch to CEBCO, an insurance consortium that now includes 20 Ohio counties. |
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