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

Selective Group Notes Q1 Earnings

New Jersey-based Selective Insurance Group, Inc. reported net income of $8.0 million, or $0.29 per diluted share, for the first quarter ended March 31, 2003, compared with $10.3 million, or $0.39 per diluted share for the same period last year. …

The Hartford Group Assisting Policyholders Impaced by Tornadoes

The Hartford Financial Services Group Inc. has adjusters in place in Kansas City to respond to damage claims resulting from Sunday’s tornadoes in Missouri, Kansas and Tennessee and related wind and hail storms in more than 10 other states. Additionally, …

The MIIX Group, N.J. DOBI Agree on Form of Order

New Jersey-based The MIIX Group, Inc., a provider of medical professional liability insurance, has agreed to an Order with the New Jersey Department of Banking and Insurance that sets forth the framework for the regulatory monitoring of MIIX Insurance Company …

Houston Surgeon Indicted on 21 Counts of Fraud

Dr. James Ghadially, owner and operator of Houston area Gulf Coast Orthopaedic & Spine Associates, was indicted on 21 counts of fraud. Each count carries a maximum of five years in federal prison and a $250,000 fine. Federal agents arrested …

AIA Says Landmark Tort/Asbestos Reform Bill Strikes Blow for Hardworking Ohioans

Real Ohioans whose lives have reportedly been turned upside down by a tort system run amok will be the most important beneficiaries of a sweeping litigation reform bill introduced last week in the Ohio Senate. The American Insurance Association (AIA) …

Fla. Fire Marshal’s Office Hosts Events as Part of National Arson Awareness Week

Investigators with the Division of State Fire Marshal arrested 612 Floridians last year for arson-related crimes. With Monday’s kick-off of National Arson Awareness Week, Florida will hold several events to allow the public to learn more about the state’s arson …

Collocation Solutions Implements Disaster Recovery Initiative for The Doctors Company

The Doctors Company, a national doctor-owned malpractice insurer, recently named Collocation Solutions, LLC as their outsourced data center provider for their mirrored hot site disaster recovery installation. California-based, The Doctors Company’s decision to develop their own hot site solution was …

Calif. Commissioner Addresses Needs for Reform to Workers’ Comp

California Insurance Commissioner John Garamendi spoke recently to the Assembly Insurance Committee in Sacramento. Below are his comments as provided by the Calif. Department of Insurance. Chairman Vargas and Committee Members, Thank you for allowing me to speak today on …

N.J. Company Employee Sentenced to Four Years in Prison on Theft Charges

New Jersey’s Acting Attorney General Peter Harvey announced that a former employee of a Camden County insurance company has been sentenced to state prison and ordered to pay restitution for reportedly stealing more than $100,000 from his employer. According to …

The Hartford Study Says Majority of Small, Midsize Businesses Worried About Computer-Related Exposures

Virus attacks continue to top the list of computer-related concerns among small and midsize businesses, according to a new survey of companies with fewer than 500 employees conducted by The Hartford Financial Services Group. The national survey found that nine …