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

Tort Reform Association Calls W.Va. a “Judicial Hellhole”

The American Tort Reform Association (ATRA) singled out West Virginia as the only statewide “Judicial Hellhole” in their recently released report, “Bringing Justice to Judicial Hellholes™ 2003.” The designation “further highlights and reinforces the urgent need for significant civil justice …

CCBsure Opens New Office in Newton Pa.

ISG International, Inc., the managing general agency for the CCBsure(R) insurance program for technology businesses, announced the opening of their satellite office in Newtown, Pennsylvania. Brian D. DeGraw, Senior Account Executive will manage all operations of the new office location. …

Hartford Settles Mac Arthur Asbestos Litigation for $1.15 Billion

The Hartford Financial Services Group, Inc. announced on Friday that it has agreed to a global settlement of all claims arising out of its historical insurance relationship with Mac Arthur Company and its subsidiary Western MacArthur Company. The agreement calls …

ADP Claims Services Group to Acquire ABZ

ADP Claims Services Group, a division of Automatic Data Processing Inc. has entered into a definitive agreement to acquire ABZ Group B.V., a privately held company in the Netherlands. The transaction is subject to ABZ Group B.V. shareholder approval and …

Texas Mutual Expands Scholarship, Assistance Programs

Texas Mutual Insurance Company announced that it is increasing its scholarship assistance program. The program will pay up to $4,000 for tuition and fees and up to $500 for course-related books and supplies, per semester or equivalent, to qualifying individuals. …

Fair Isaac Plans to Hold InterACT 2004 in Prague

San Rafael Calif.-based Fair Isaac Corporation announced that it will host InterACT, a major conference on business analytics and its applications, on April 27-30, 2004 in Prague, Czech Republic. “The Prague InterACT conference will feature a content-rich agenda of presentations …

Calif. Commissioner Issues Statement on Settlement of Executive Life Case

Insurance Commissioner John Garamendi praised the U.S. Attorney’s Office for its work in securing a $770 million settlement of the criminal case against Credit Lyonnais and others involved in the Executive Life Insurance Company (ELIC) fraud case. The actions of …

IBC Selects the Best of Canadian Frauds for 2003

Insurance fraud isn’t a uniquely American phenomenon, as the Insurance Bureau of Canada’s recent announcement shows all too clearly. Our neigbors north of the border have also chosen their “top ten” fraudsters of 2003. The bulletin noted that there’s “nothing …

Employers Direct Cuts Calif. Rates More than Twice State Average

Employers Direct Insurance Company has cut its workers’ compensation insurance rates by 8.2 percent in its current filing with the California Department of Insurance. This decrease is reportedly more than twice the preliminary average reduction of 3.6 percent reported by …

Allstate New Jersey, Encompass Insurance File Multi-Million Dollar Complaint

Under the New Jersey Insurance Fraud Prevention Act, Allstate New Jersey Insurance Company (Allstate New Jersey) and Encompass Insurance on Thursday filed a multi-million dollar civil complaint in the Superior Court of Morris County against Scott Greenberg, D.C., a Central …