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

ISO Launches ‘Pay as You Go’

Insurance Services Office (ISO), has launched a new “Pay as You Go” pricing model for its Claims Outcome AdvisorTM (COATM) personal injury claims solution. The new pricing option enables insurance companies, for the first time, to use the new COA …

CDI Makes Developments in Fraud Cases

Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch announced these recent developments in insurance fraud cases: CDI investigators in conjunction with the Citrus Heights Police Department served a search warrant on the residence of Joshua Allen Lund, …

DriverShield Now Accessity Corp.

DriverShield Corp., headquartered in Coral Springs, Fla., changed its name to Accessity Corp. and its ticker symbol to ACTY, as part of its plan to diversify the business into non-automotive areas. The new corporate name was approved by shareholders at …

Wash. Workplace Injuries Down in 2001

Washington’s job sites were safer in 2001, continuing a trend that began nearly a decade ago, according to survey results released by the Department of Labor and Industries. The survey showed that 7.6 out of every 100 full-time workers in …

Crawford & Co. Recoups $16 Million in Subrogation for Clients

Crawford & Company announced that its Dedicated Recovery Unit has recovered more than $16 million in subrogation for its clients in the past 12 months. Officials at the company say they are committed to saving their clients even more through …

Kemper Reaches Agreement with Argonaut on Bundled Large Risk Nat’l Accounts

The Kemper Insurance Companies announced it has reached a definitive agreement to sell the renewal rights to its bundled large risk national accounts to Argonaut Insurance Company, a member of Argonaut Group, Inc., a national underwriter of specialty insurance products …

DriverShield Corp. Changes Name to Accessity Corp.

DriverShield Corp. announced that its name has officially been changed to Accessity Corp. Also, the Company’s stock will begin trading under its new ticker symbol, ACTY. The new corporate name, approved by shareholders at the Company’s 2002 Annual Meeting in …

Louisiana Agent Booked for Theft, Misappropriation

A Slidell, La. insurance agent was charged on numerous counts of theft and misappropriation, the latest in a series of insurance fraud arrests around the state, according to acting Louisiana Insurance Commissioner Robert Wooley. Nathaniel Durant, was arrested at his …

Travelers P/C Notes 4thQ Net Loss of $793.4M

Travelers Property Casualty Corp. reported a net loss for the fourth quarter of $793.4 million or $0.79 per share, basic and diluted, compared to net income of $303.3 million or $0.39 per share in the prior year quarter. The net …

AIA Says NY Senate Has Opportunity for Real No-fault Reform

A recent bulletin from the American Insurance Association indicates that the New York State Senate’s consideration of a proposed auto insurance reform package “presents a real opportunity to fix a broken system.” “The Senate’s plan goes after the fraud and …