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

MJM Investigations Assists in Recovering More Than $14M in Court Ordered Restitution

North Carolina-based MJM Investigations Inc.’s Fraud Prosecution Team aided government authorities in the recent convictions of eight individuals for fraudulent workers’ compensation claims, totaling over $200,000 in savings to MJM’s clients. Such was the case for Ron Mason, a deliveryman …

Credit Scoring Bill Passes Ga. Senate

The Georgia Senate has unanimously approved legislation allowing insurers to use credit-based insurance scores in underwriting and rating homeowners and auto insurance coverage, according to the American Insurance Association (AIA). The bill now goes to Gov. Sonny Perdue for his …

Hallmark Financial Services Notes A.M. Best Ratings Upgrades

Dallas-based Hallmark Financial Services, Inc. announced that A.M. Best has upgraded the financial strength ratings of its two insurance subsidiaries. American Hallmark Insurance Company of Texas was upgraded from “C+” to “B-” and Phoenix Indemnity Insurance Company was upgraded from …

Pa. Malpractice Protest to Begin April 28

Frustrated by the reported lack of substantive action by Pennsylvania to reform medical liability insurance, physicians throughout the state will exercise their constitutional right to protest beginning April 28. The purpose of the protests are to unite physicians and patients …

HIH Report Cites Mismangement as Cause of Collapse

The long-awaited report from the royal commission investigating the collapse of Australia’s HIH in March of 2001, has been issued. It concluded, that, although there may have been breaches of civil and criminal law by the company’s managers, the company’s …

Fair Issac Announces Pharmacy PPO Integration Designed to Deliver Savings on Medical Claims

California-based Fair Isaac Corporation, a provider of analytics and decision technology, announced the availability of the Interplan PharmacyComp Preferred Provider Organization (PPO) in the company’s CompAdvisor(r) medical bill review software. The new pharmacy PPO agreement with Interplan will enable Fair …

NYSID Notes Arrest of Former Salesman on Fraud Charges

New York State Insurance Department Superintendent Gregory Serio announced that a joint investigation with the Suffolk County District Attorney’s Office has resulted in the arrest of Patrick Ferguson, 53, a former independent insurance salesman, on charges of scheming to defraud …

GE Commercial to Headline Okla. Seminar

Commercial property insurance and risk management provider GE Commercial Insurance announced it will be the key presenter at an upcoming building safety and security symposium in Oklahoma City. The two-day symposium, April 24-25, is sponsored by the Protecting People First …

N.D. Gov. Approves Change to Comparative Fault Law

North Dakota Governor John Hoeven recently approved a significant tort liability reform bill that will help restore balance to the states judicial system. In addition, the governor is also considering legislation dealing with the payment of attorney fees in uninsured …

ACE Financial Solutions International Makes Appointments

Bermuda-based ACE Financial Solutions International, Ltd. announced the promotion of both Mark Lima and Simon Burton to the position of executive vice president. Both Lima and Burton will continue to report directly to Pierre Samson, president & CEO of ACE …