Monthly Archives: <span>January 2003</span>

Serial Arsonists Targeted by Fla. Fire Marshal’s Crime Mapping Program

Beginning next month, the State Fire Marshal’s Office in Florida will be able to track crime data from every fire and law enforcement department in the state and use the information to track down serial arsonists more quickly. “Between 2000 …

NAII Says N.J. Bill to Protect Victims Could Reward the Abuser

A New Jersey Assembly bill designed to protect abuse victims could actually do further harm by allowing abusive spouses to collect damages under a couple’s homeowners policy, according to the National Association of Independent Insurers (NAII). “No one would expect …

Copart Opens Fifth So. Cal Location

Copart, Inc. has opened its fifth facility in Southern California in the community of Rancho Cucamonga. With the addition of this 39-acre greenfield location Copart now has 101 locations in 40 states. Since Aug. 2002, Copart has added seven locations …

Ill. Executive Sentenced for Fraud Scheme

A trucking executive convicted in federal court for defrauding the town of Cicero, Ill., of $12 million-plus in an insurance scheme was sentenced to more than 12½ years in prison, according to the Chicago Tribune. John LaGiglio set up an …

CARH Praises Pres. Bush’s Speech Requesting Hill Action on Medical Crisis

The Coalition for Affordable and Reliable Health Care (CARH) praised President Bush’s call Tuesday evening in his State of the Union address for action by the 108th Congress to resolve the crisis in patient access to health care by promoting …

FM Global Unveils 2003 Property Loss Prevention Resource Catalog

Commercial and industrial property insurer FM Global recently released its free 2003 Property Loss Prevention Resource Catalog that contains a number of loss prevention products to aid risk managers, facility and plant managers, and others responsible for property loss prevention. …

S&P’s Discusses Latest P/C Insurers’ Asbestos Exposure

Standard & Poor’s commented on the spate of recent additions to reserves for asbestos claims by insurers, which raises anew the issue of reserve adequacy in the property/casualty industry. In its December 2002 outlook for U.S. commercial lines insurers, Standard …

CDI Announces Arrests of 15 Suspects in Interstate Auto Crime Ring

The California Department of Insurance (CDI) announced Jan. 28 that it recently led a multi-agency law enforcement fraud investigation that resulted in the arrests of 15 individuals. The arrests by CDI’s Urban Auto Fraud Task Force are the result of …

Crawford Reports Lowered Revenues for 4thQ 2002

Atlanta’s Crawford & Company announced that fourth quarter 2002 revenues before reimbursements totaled $173.7 million, down from $178.1 million in the comparable 2001 period. Operating earnings (earnings before amortization of goodwill, net corporate interest and taxes) in the 2002 fourth …

2003 Fraud Management Conference Set for Baltimore

The Insurance Services Office (ISO) and National Insurance Crime Bureau (NICB) will co-sponsor the 2003 Insurance Fraud Management Conference at the Renaissance Harborplace Hotel in Baltimore March 30-April 2. The conference will look at effective insurance fraud-management strategies, innovative fraud-deterrence …