Latest Nevada Headlines

All the headlines from our Nevada Topic Page, ordered by recency.

State Farm Condo Insurance Rates to Increase in Nev.

Apr 13 2004 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of State Farm Fire and Casualty Company for an overall statewide average increase of 28.8 percent for rental condominium unitowners insurance,...

Insurer That Triggered Nevada Malpractice Crisis Pays $1 Million

Apr 12 2004 // The St. Paul insurance companies, whose pullout from the medical malpractice insurance market caused a crisis for Nevada doctors, will pay a group of Las Vegas physicians $900,000 under terms of a settlement announced...

Former Nev. Businessman Sentenced

Apr 5 2004 // Attorney General Brian Sandoval announced that Tye Fortuna, 31, of Big Fork, Mont., was sentenced recently by Judge Michael R. Griffin in the Carson City District Courthouse after pleading guilty to felony insurance...

The Silver State – Sagebrush, Hoover Dam and Vegas

Apr 5 2004 // The United States Census Bureau’s Census 2000 estimated the population of the state of Nevada at 1,998,257. Approximately 81 percent of the adult residents had graduated from high school and about 18 percent had...

Nevada Rate Increase Sought by Malpractice Insurance Company

Mar 26 2004 // Medical Protective Co., which provides malpractice insurance for 200 doctors located mainly in southern Nevada, has filed for a 24 percent rate increase.The state Insurance Division says MedPro wants the increase to take...

PIC Wisconsin Med-Mal Rates to Increase in Nevada

Mar 18 2004 // Nevada Insurance Commissioner Alice Molasky-Arman has approved the request of Physicians Insurance Company of Wisconsin Inc. (PIC) for a 15 percent increase for medical malpractice insurance. In addition to the 15 percent...

Tort Reformers Look to Score in States after Washington Strikes Out

Mar 8 2004 // Last fall at a University of Virginia Law School forum on tort reform, some of the nation’s top tort experts agreed there were no easy answers on how to solve the nation’s longstanding love-hate relationship...

PCI Answers Questions on Use of Loss Reports in Nevada

Mar 8 2004 // The use of loss history reports on individual dwellings is an important and necessary tool that insurers need to help them underwrite homeowners’ policies in Nevada. That’s the message delivered by the Property...

Former Carson City, Nev. Businessman Sentenced for Fraud

Feb 18 2004 // Attorney General Brian Sandoval announced that Tye Fortuna, 31 of Big Fork, Montana was sentenced recently by Judge Michael R. Griffin in the Carson City District Courthouse after pleading guilty to felony insurance...

NEVADA FIRST IN FRAUD CONVICTIONS:

Feb 9 2004 // Attorney General Brian Sandoval announced that the Nevada Department of Justice, Insurance Fraud Unit, obtained more convictions per capita than any other state. The statistics for insurance crimes were compiled by the...

Faked Death Gets Fraud Conviction

Feb 9 2004 // Nev. Attorney General Brian Sandoval announced that District Judge Donald M. Mosley sentenced Purificacion Lobitos, age 56, to a maximum term of 32 months with a minimum term of 12 months in the Nevada Department of...

Best Downgrades APCapital; Med-Mal Insurer Exits Nev.

Feb 2 2004 // The financial strength rating of East Lansing, Mich.-based medical liability insurer American Physicians Capital Inc. has been downgraded to “B+” from “B++” by A.M. Best Co. This action, according...

Nevada First in Insurance Fraud Convictions

Jan 26 2004 // Attorney General Brian Sandoval today announced that the Nevada Department of Justice, Insurance Fraud Unit, obtained more convictions per capita than any other state. The statistics for insurance crimes were compiled by...

Mosher Joins Board of Directors for Employers Insurance Company of Nevada

Jan 13 2004 // Employers Insurance Company of Nevada, A Mutual Company (EICN), announced that Ronald F. Mosher has joined the company’s Board of Directors. Mosher possesses extensive knowledge of the insurance industry, and most...

Nev. Man Found Guilty of Felony Fraud

Jan 12 2004 // Attorney General Brian Sandoval announced that Patrick Lee Miller was found guilty of a felony insurance fraud, making false representations to an insurance company. The matter was heard in Humboldt County’s 6th...

Ga. Commissioner Orders Nev. Company to Cease Business

Jan 12 2004 // Georgia Insurance Commissioner John Oxendine has ordered Global Bonding, Millennium Bonding Enterprises, Robert Joe Hanson and Reve M. Pete to stop transacting surety insurance business in Georgia. Oxendine said his office...

Employers Insurance Company of Nevada Report 3Q 2003 Financial Results

Dec 16 2003 // Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly-owned subsidiary Employers Compensation Insurance Company (“ECIC”) formerly known as Fremont Employers Insurance...

Ga. Commissioner Orders Nev. Company to Cease Business

Dec 10 2003 // Georgia Insurance Commissioner John Oxendine has ordered Global Bonding, Millennium Bonding Enterprises, Robert Joe Hanson and Reve’ M. Pete to stop transacting surety insurance business in Georgia. Oxendine said his...

Employers Insurance Company of Nevada, A Mutual Company, Re-Names Subsidiary Companies

Dec 9 2003 // Employers Insurance Company of Nevada, A Mutual Company, (EICN) announced that it has re-named two wholly-owned subsidiaries. Effective immediately, the company formerly known as Fremont Employers Insurance Company will...

A.M. Best Comments on FSR Sierra Health Services’ Health Care Entities

Dec 2 2003 // A.M. Best Co. has commented on the financial strength rating of B+ (Very Good) of Sierra Health Services Inc.’s HMO and health insurance entities. A.M. Best’s comments follow Sierra’s announcement of the...