New Jersey’s Vaughn McKoy, Director, Division of Criminal Justice, announced that a former Cumberland County Motor Vehicles Commission (MVC) employee was sentenced to probation for providing a fictitious motor vehicle driver’s license to a person who could not otherwise obtain …
Insurance claim handlers and chiropractic doctors are engaged in talks to open communication and avoid protracted legal appeals and high-end claim costs, according to experts from the insurance and chiropractic industries. At the National Association of Independent Insurers’ (NAII) Fall …
Applied Systems, Inc. announced that Allmerica Financial’s two regional property and casualty insurers, Citizens Insurance Company of America and The Hanover Insurance Company, are now using Applied’s new Web Bridge technology to offer real-time billing and claim inquiries to agencies …
Three major insurers have completed $1 million in refunds to more than 11,000 Missouri policyholders and 39 health-care facilities for errors reportedly detected in market conduct examinations by the Department of Insurance (MDI). “These mistakes were the type that no …
New Jersey Attorney General Peter Harvey announced that a Bergen County pharmacist has pled guilty to a charge of Medicaid Fraud for reportedly billing the Medicaid Program more than $16,000 for prescription medications that were never prescribed or distributed to …
Ohio Insurance Director Ann Womer Benjamin announced that insurance agent Steven Goodyear agreed to the revocation of his insurance license – effective immediately. Goodyear signed a Department consent order in which he reportedly admitted that he misappropriated $200,279.43 that was …
Pennsylvania-based Harleysville Group Inc. reported a diluted net loss of $1.16 per share in the third quarter of 2003, reflecting the previously announced loss reserve increases in several business lines and the cost of claims resulting from Hurricane Isabel. The …
Transatlantic Holdings, Inc. reported that its net income for the third quarter of 2003 increased 31.8 percent to $80.8 million, or $1.53 per common share (diluted), compared to $61.3 million, or $1.16 per common share (diluted), in the 2002 third …
Standard & Poor’s has revised its outlook on Markel Corp. to stable from positive. At the same time, Standard & Poor’s affirmed its ratings on MKL. The outlook revision follows MKL’s recent announcement that it will report an unexpected reserve …
Health Net, Inc. announced that it has entered into an agreement with SNTL Litigation Trust, successor-in-interest to Superior National Insurance Group, Inc., to settle all outstanding claims under the Superior National Insurance Group, Inc. v. Foundation Health Corporation, et. al. …