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... Bureau General Insurance Company of Michigan * Farm Bureau Mutual Insurance Company of Michigan * Farmers Insurance Exchange * Federal Insurance Company * Foremost Insurance Company Grand Rapids, Michigan * Frankenmuth Mutual Insurance Company * Fremont ... Company * Westfield Insurance Company Granholm said Michigan residents are paying some the highest rates in America for auto insurance they are compelled by law to buy. Meanwhile, some of these big players are among the most profitable insurance ...

... ." Ed Essa, a spokesman for Calabasas, California-based Countrywide Financial Corp., the parent of Meritplan, says the company confidentially settled a lawsuit with the Smiths in March. Another engineer involved in Katrina, Bob Kochan, CEO of Forensic ... -casualty company for criminal mistreatment of policyholders. Mississippi Attorney General Jim Hood says a federal grand jury is probing insurance company claims handling after the hurricane. There was no criminal investigation after State Farm ...

... Mr. Geithner's comments also included is remark that,"I think there is a good case for introducing an optional federal charter for insurance companies." The comprehensive framework for regulatory reform will cover four broad areas: systemic risk, consumer and ... reacting to Mr. Geithner's testimony, said what is being sought is "some kind of oversight and resolution of the holding companies and lightly regulated parts of these conglomerates, like we saw at American International Group." He called ...

... earnings, or surplus, for the entire industry was $687 billion at the end of 2007. An adequate surplus guarantees a safe insurance industry, but this amount is excessive by any legitimate measure. To assess the financial solidity of an insurance company, regulators ... received a subsidy of about $4 billion to date because insurance companies do not have to pay premiums for the reinsurance provided by the federal government. Some insurers have urged Congress to create a similar program to cover ...

... reject the opinion of treating physicians without ever having seen the patients. Some insurers provide incentives to employees to deny and terminate claims, tying performance evaluations to ... say the only thing the law provides is the chance to sue in federal court. Those who choose to fight the insurance companies wait years. Plaintiffs waited two years and eight ... even more often, one survey found, nearly 70 percent of cases. Because federal law does not allow for any damages, there is no peril ...

... Congressional testimony, Treasury Secretary Timothy Geithner has said that "there is a good case for introducing an optional federal charter for insurance companies." Recently, Representatives Ed Royce (R-CA) and Melissa Bean (D-IL) ... everyone thinks federal insurance regulation is an idea whose time has come, however. The CEO of the National Association of Insurance Commissioners (the "NAIC"), Therese Vaughan, recently testified in Congress that "[t]he state-based insurance regulatory system is ...

... is reporting that the U.S. Department of Justice is weighing whether to intervene in a lawsuit that accuses insurance companies of overbilling the federal government for flood damage from Hurricane Katrina. A team of lawyers filed the "whistleblower" action ... .S. Magistrate Judge Robert Walker in Gulfport, Miss., ordered the case unsealed Monday, even though the federal government had argued that its disclosure would "compromise (its) ability to conduct an adequate civil investigation of this case ...

... practices, the AAJ's study is detailed and comprehensive. The following ten insurance companies made the list: 1. Allstate 2. Unum 3. AIG 4. State ... unavailable for contract claims, but are available for tort claims. The end result is that a plaintiff in an insurance bad faith case may be able to recover an amount larger than the original ... valid claim. There are a number of Georgia and federal laws in place to protect against these type of unlawful insurance company business practices and they offer ...

... gold, scam artists lick their chops for a piece of the action. Unfortunately, their paths cross. As we very recently reported, a federal judge in Hawaii dismissed a class action suit against Midland National Insurance saying that, because different ... the latest ruling in Hawaii may change that. Sales agents accused of wrongdoing say they followed the guidance of insurance companies. "I did what I was told," says the agent charged by Massachusetts regulators ..."If it was so wrong, why did everyone ...

... to the financial system: The Treasury Department has decided to extend bailout funds to a number of struggling life-insurance companies, helping an industry that is a linchpin of the U.S. financial system, people familiar with the matter said. Remember the ... said it has applied with the Office of Thrift Supervision to approve its thrift purchase as a step toward gaining access to the federal funds. (Emphasis supplied.) I think if I owned a business and had the capital available, I would try and ...