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

Insurity Offers Terrorism Coverage Support; Enhancement to Commercial Intellisys(R) Policy Administration System

Insurity Inc., a ChoicePoint® company, announced that its policy administration platform now provides broad support for the Terrorism Risk Insurance Act of 2002 mandates. Insurity has taken a multi-phase approach for delivering this functionality, providing an easy-to-use and efficient way …

Ohio Casualty First to Roll Out IVANS Transformation Station Across Three Agency Mgt. Systems

Ohio Casualty Insurance Company has become the first insurance carrier to begin rolling out inquiry functions using IVANS Transformation Station(TM) across three agency management systems, according to Anna England, vice president and general manager of the IVANS Insurance E-Commerce Solutions …

Physicians Plus Corp. Chooses DIAMOND 950 Claims Adm. Solution

Perot Systems Corporation announced that Wisconsin-based Physicians Plus Insurance Corporation (Physicians Plus) has selected Perot Systems’ DIAMOND 950 claims administration solution for its health insurance and managed care enterprise information system. DIAMOND Enterprise Solutions will help Physicians Plus to achieve …

Jacksonville Clinic Owner Arrested on Billing Fraud Charges

A Jacksonville man surrendered to fraud investigators with Florida’s Department of Financial Services on a charge that he collected more than $100,000 in insurance payments for MRI scans that he couldn’t have performed, given he was operating from a rental …

Former Agent Arrested for Stealing Investment Money from Elderly Clients

New York Superintendent of Insurance Gregory Serio announced the arrest of Ted F. Cook, a former insurance agent formerly employed by Legend Equities Corporation. Cook is charged with scheme to defraud and grand larceny for allegedly stealing investment money from …

ISO Acquires Ascendant One Assets

Insurance Services Office, Inc. (ISO) has acquired the assets of AscendantOne® Inc., a developer of insurance policy-management and insurance-rating software applications and services. ISO will continue to operate the AscendantOne business from its Nashua, N.H., location and with the involvement …

State Fund Issue Could Call Utah Leg. Back in Session

Efforts to privatize the Workers Compensation Fund of Utah (WCF) failed during the state’s recently completed legislative session. However, the governor has indicated that he may be willing to call a special session if lawmakers are likely to agree on …

Delta Lloyd Goes Live with FINEOS Management System

London-based FINEOS Corporation, an innovator of banking and insurance software, announced that Delta Lloyd NV, a member of the international insurance group AVIVA plc (formerly CGNU plc), has gone live with its P&C insurance claims management system, FINEOS Claims Manager. …

Employees to Pay More for Coverage as Business Anticipates Higher Costs

Large and small businesses in the U.S. reportedly see no end in sight to rising health care expenses, and foresee having to pass more of the costs for health insurance coverage along to their employees, according to a report for …

ACS Awarded BPO Contract Renewal with NCCI Holdings

Texas-based ACS, a provider of business process and information technology outsourcing solutions, has been awarded a business process outsourcing (BPO) contract renewal with NCCI Holdings, Inc., a provider of workers’ compensation insurance and employee injury data and statistics. ACS will …