New Jersey Attorney General Peter Harvey announced that an Ocean County woman has been ordered by the Ocean County Superior Court to pay more than $19,000 in restitution for her reported involvement in a scheme to obtain reimbursements from Horizon …
For the second consecutive year, CSi Complete, a national CSI provider to the collision repair and auto physical damage industry, was recognized by the state of Ohio for its’ work with disabled employees. The award was presented at a ceremony …
Bruce Carlin, CEO of CompPartners, Inc., a California HCO (Health Care Organization), announced the creation of a subsidiary, CompPartners Texas. Based in Austin, Texas, the new company will reportedly provide state-specific workers’ compensation managed care and property and casualty solutions …
Documentum, a provider of enterprise content management (ECM), announced that Florida-based NCCI Holdings, Inc., has selected Documentum 5, the latest version of the company’s ECM platform. Documentum 5 will be used to create, manage, deliver and archive content related to …
Pennsylvania’s Insurance Commissioner, Diane Koken, announced that her department will recover $10 million in a settlement of its legal complaint against a number of former officers and directors of the now-defunct PHICO Insurance Company. “This is a tremendous victory for …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on the core members of Germany’s Talanx primary insurance group, including industrial insurer HDI Haftpflichtverband der Deutschen Industrie VaG (HDI …
A.M. Best Co. announced that it has downgraded the financial strength rating of Paris-based AXA Re and its core subsidiaries to A- (Excellent) from A (Excellent). The companies affected are: AXA Corporate Solutions Assurance; SPS Reassurance; CGRM (Compagnie Generale Re …
Gov. Arnold Schwarzenegger has displayed strong leadership in addressing workers’ compensation issues by calling the California Legislature into special session to enact further cost-saving reforms to the state’s workers’ compensation system, according to the Association of California Insurance Companies (ACIC). …
The Massachusetts Joint Committee on Criminal Justice has favorably reported out a bill designed to fight insurance fraud by cracking down on “runners” who promote auto insurance fraud. “The first step in effectively fighting auto insurance fraud is to treat …
Fitch Ratings has placed the ‘AA’ Insurer Financial Strength (IFS) ratings of the members of the Travelers Property Casualty Group (Travelers) and the ‘A’ senior debt and long-term issuer ratings of Travelers Insurance Group Holdings Corp. on Rating Watch Negative. …