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

Syracuse Mother Arrested on Fraud Charges

New York Superintendent of Insurance Gregory Serio announced the arrest of Diane R. Royal, 39 of Syracuse, for allegedly providing UnumProvident Corporation with fraudulent information regarding her disability leave to obtain additional benefits. It is alleged that Royal submitted a …

Fla. Agent Charged with Exploitation of Elderly Resident

A South Florida insurance agent is facing possible suspension or revocation of her license following charges from the Department of Financial Services that she abused her position as an agent in order to deceive an elderly person. Following an investigation …

FireCaddy System Gains Endorsement of Northeast Mutual

Summit Environmental Corporation, Inc. and its Canadian marketing partner, Just-In Case Fire, announced the endorsement of The FireCaddy® Mobile Fire Fighting System by North Dakota-based Northeast Mutual Insurance Company. The FireCaddy® Mobile Fire Fighting System uses FlameOut® exclusively in its …

Civil Justice Reform Act Passes Ark. House

The Civil Justice Reform Act of 2003 passed the Arkansas House yesterday with the Senate’s amendments. The governor has announced his intention to sign the bill next week. “The comprehensive bill should provide much needed relief to struggling doctors and …

Swiss Re, Penn State to Host Financial Strategy Workshop Managing Weather and Climate Risk

Swiss Re will host a one-day, executive education workshop entitled, “Weatherproof Your Business: New Financial Strategies For Managing Weather and Climate Risk,” in partnership with Penn State’s Smeal College of Business and the College of Earth and Mineral Sciences in …

S.C. Supreme Court Ruling on Diminished Value Applauded

The Alliance of American Insurers praised a ruling by the South Carolina Supreme Court that limits the amount insurers must pay to repair damaged vehicles. The ruling came in a case involving a State Farm policyholder who argued that the …

CWCI Study Examines Chiropractic Utilization and Costs in Calif WC

The California Workers’ Compensation Institute (CWCI) has issued new research showing the combined effect of an increase in the number of chiropractors treating fewer injured workers with higher levels of chiropractic services per claim has been to drive up both …

S&P’s Takes Chubb Ratings Off Watch, Lowers Them

Standard & Poor’s has removed from CreditWatch its long-term counterparty credit and senior debt ratings on Chubb Corp. and lowered them to ‘A’ from ‘A+’ because it does not believe that Chubb’s operating performance and capital strength support the former …

ABS EQECAT to Hold 2003 European Catastrophe Management Summit in Barcelona

Oakland-based EQECAT, Inc. a subsidiary of Houston’s ABS Consulting, announced that its 2003 European Catastrophe Management Summit will take place on June 24-27, 2003 at the Hotel Princesa Sofia InterContinental in Barcelona, Spain. “This year the European Summit will address …

Allianz: No Plans to Cancel Airline Coverage, EU Prepares Back-up Help

Germany’s Allianz AG, one of the largest providers of coverage to the European Community’s air carriers, has issued a statement indicating that, while it has no plans to cancel coverage on flights headed for the Middle East, its customers were …