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

e-Claims Produces High Accuracy Rate in Asbestos Claims Processing

Claims Resolution Management Corporation (CRMC), a provider for asbestos claims resolution, reports users of e-Claims(TM) (patent pending), the first interactive, Web-based claims filing, processing and payment system for trusts, law firms and companies handling asbestos and other toxic torts, have …

Companion Technologies Unveils New Electronic Filing System

Companion Technologies, which pioneered electronic claims filing for South Carolina hospitals in the 1970s, will retire its original PAID system and replace it with a new system called EnterprisEDI(TM) that will be HIPAA compliant. Fifty-five hospitals, nearly all the hospitals …

Doctors Walk Out in North Fla.

Doctors in northern Florida shut down their practices for the afternoon on Feb. 5 in protest of rising malpractice insurance rates. According to the Associated Press, the Florida doctors regard the situation as a “ticking time bomb.” Some 300 doctors …

Chubb Vice Chairman Urges Insurers to Counteract Egregious Class Action Securities Suits

To help prevent the directors’ and officers’ liability insurance marketplace from eroding, an insurance executive urged his industry to work together against a pattern of egregious class action securities lawsuits. Speaking before members of the Professional Liability Underwriting Society, John …

NAII Praises Courts’ Rulings Against Class Action Suits in Three Aftermarket Auto Parts Cases

A trend encompassing the use of aftermarket automobile parts develops as three state courts reject class-action lawsuits against insurance companies for authorizing the use of non-original equipment manufacturer crash parts in repairs. Three recent, separate class-action lawsuits in Ohio, Washington …

ACE Ltd. Reports $77M Net Income for 2002; Posts $168M 4thQ Loss

Bermuda’s ACE Limited reported net income, including realized losses, for 2002 of $77 million, compared with a net loss of $146 million for 2001. The insurer’s net operating income for the full year was $511 million, compared with a loss …

Syntrio Unveils Online Training, Tracking Center for Fireman’s Fund Company Clients

Syntrio, Inc., a provider of complete online training solutions, announced the launch of the Online Training & Tracking Center, a portal offering web-based risk management training solutions to middle market business customers of Fireman’s Fund Insurance Company (FFIC). Designed to …

AutoOne Debuts Operation in Syracuse

AutoOne Insurance has opened its first upstate New York office. Located in Syracuse, the new facility will handle all AutoOne claims north of Westchester County. The office may be found at: AutoOne Insurance, 5788 Widewaters Parkway, P.O. Box 50, Syracuse, …

Texas Court Upholds Law Against Double Collecting

The Amarillo Court of Appeals upheld a law preventing injured workers from collecting benefits for a work-related injury from two different sources. According to the Texas Mutual Insurance Company, the court ruled that a Houston man who settled out of …

N.Y. Woman Receives Prison Sentence for Arson Fraud

The NYSID announced that Victoria Walczak, of Warsaw, New York, has received a 2 to 6 year prison sentence from the Genesee County Court for arson. She was also ordered to pay restitution in the amount of $32,943.57 to two …