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

City of San Diego Implements Valley Oak Claims Administration System

Valley Oak Systems, Inc. (VOS), a national provider of claims management software, services and support, announced that the City of San Diego completed its implementation of the Valley Oak Claims Administration System for the City’s workers’ compensation and disability self-insurance …

18th Annual Fraud Seminar Set for Sept. 14-18

The 18th Annual Seminar on Insurance Fraud is scheduled for Sept. 14-18 at the Wyndham Palace Resort & Spa in Lake Buena Vista, Fla. More than 800 investigators will descend on Lake Buena Vista for The International Association of Special …

Diversified Product Inspections Sets One Month Record for Inspections

Tennessee-based Diversified Product Inspections, Inc., a provider of independent product failure analysis, air contamination and fire investigations for the insurance industry announced, that product liability inspections for insurance industry clients increased by 35 percent during the first seven months of …

AGC Forms Partnership for Equipment Theft Prevention

At the annual meeting of the International Association of Auto Theft Investigators (IAATI), the Associated General Contractors of America (AGC) announced that it has entered into an agreement with the National Equipment Register (NER) for NER to provide its theft …

Fla. Med-Mal Special Session Canceled

A special legislative session on medical malpractice reform that was supposed to begin Aug. 5 in Florida has been canceled by Gov. Jeb Bush due to lack of agreement among lawmakers on key issues. In canceling the special session, Bush …

Max Re Capital Ltd. Reports Q2 Net Income of $0.81 per Diluted Share

Bermuda-based Max Re Capital Ltd. reported net income for the three months ended June 30, 2003 of $30.8 million, or net income of $0.81 per diluted share, compared to a net loss of $5.0 million, or a net loss of …

Navigators’ Net Income Increases 66%

The Navigators Group, Inc. reported net income increased 66% for the three months ended June 30, 2003 to $6,274,000 or $0.72 per share, compared to $3,774,000 or $0.43 per share reported for the same period in 2002. Included in these …

Calif. Gov. Signs Bill Allowing Driver Discounts

Gov. Gray Davis signed SB 841 Aug. 2, which will allow discounts to drivers who maintain auto insurance coverage, according to the Associated Press. The measure could reportedly lead to higher premiums if drivers let their coverage lapse for more …

Reinsurance, Investments Sink CNA Profit 20%

Chicago-based carrier CNA Surety Corp. reported a second-quarter profit of $10.3 million, or 24 cents per share, down from last year’s second quarter profit of $12.9 million, or 30 cents per share. CNA attributed the reversal of fortunes to claims, …

Benefits Grow Faster than Wages for First Time Since 1992

Benefits paid to workers and employers’ costs for workers’ compensation rose slightly faster than wages in 2001, according to a new report released by the National Academy of Social Insurance. This is the first year since 1992 that benefits grew …