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

Crawford & Co. Launches Accident Reconstruction Services

Atlanta-based Crawford & Company recently launched Accident Reconstruction Services to assist clients with their existing auto and transportation-industry related claims/incidents. As part of Crawford’s Investigation Services, accident reconstruction employs highly experienced engineers, accredited accident reconstructionists, and mechanical specialists capable of …

Kingsway Reports Q1 Net Income Up 33 Percent at $24.4M

Toronto-based, Kingsway Financial Services Inc., a provider of commercial and non-standard auto coverage in Canada and the U.S., announced record financial results for the quarter ended March 31, 2003, posting gains in net income and earnings per share. Net income …

Death Toll Rises in Turkish Earthquake

More than 100 people have reportedly died and many more are missing following the earthquake that struck a mountainous region of Eastern Turkey early Thursday morning. Rescue efforts were centered on a local school in the village of Celtiksuyu in …

Ohio Commissioner Delivers Med Mal Report

The Ohio Department of Insurance has delivered the final report addressing the feasibility of a patient compensation fund to Gov. Bob Taft, the Speaker of the House, President of the Senate, and the committee chairs hearing issues concerning medical malpractice …

SCIF Announces Conviction of Calif. Couple for WC Fraud

State Fund and Contra Costa County District Attorney Bob Kochly announced that the former owners of the now bankrupt Richmond-based Barthell Construction and Roofing Co. have been sentenced to five years probation and ordered to pay $187,000 in restitution to …

ADESA Impact Launches Western Operations, Total Loss Recovery Center in No. Calif.

On the heels of announcing its seventh shared auction facility in Manville, N.J. last week, ADESA Impact has opened its 29th North American total loss auction facility in the heart of the Bay Area in Fremont, Calif. ADESA Impact is …

Texan Sentenced for Workers’ Comp Fraud

The 90th Judicial District Court in Texas recently sentenced Eric Beaver to a two-year prison sentence after he pleaded guilty to fraudulently obtaining workers’ compensation benefits. According to Texas Mutual Insurance Company, Beaver was ordered to pay a $1,000 fine, …

A.M. Best Downgrades Kemper Ratings

A.M. Best Co. has downgraded the financial strength ratings to C++ (Marginal) from B (Fair) of the participants in the Kemper Insurance Companies (Long Grove, Ill.) inter-company pool, eight reinsured affiliates and one domestic affiliate and removed it from under …

ACA Reports Trigon Lawsuit Advances to Appeals Court

Chiropractic plaintiffs in the federal anti-trust lawsuit against insurance giant Trigon Blue Cross Blue Shield will “vigorously appeal” an April 25 decision by U.S. District Court Judge James Jones to dismiss the case. Calling the judge’s opinion “legally and factually …

Horace Mann Notes 1stQ Results

Illinois-based Horace Mann Educators Corporation reported net income of $8.1 million, or 19 cents per share, for the first quarter ended March 31, 2003. Net income for the first quarter of 2002 was $15.6 million, or 38 cents per share. …