Monthly Archives: <span>January 2004</span>

Bonding Company Ordered to Cease Business in Fla.

Florida’s Office of Insurance Regulation has ordered a Fort Worth, Texas, company to immediately cease operations in Florida. Global Bonding has reportedly been soliciting customers for the purchase of contractor surety bonds and has been issuing construction performance bonds and …

Water Intrusion Conference Held in March

A Water Intrusion conference will be held Tuesday, March 9, at The DoubleTree Hotel in Westminster, Colo. Class runs from 8:30 a.m. – 1:30 p.m. with breakfast and lunch included. Approved credits: 4 Wyoming Adjuster, 3.5 (RPA), and 5 Colorado …

CHOICE Medical Management Expands Field Case Management Services

CHOICE Medical Management Services, a Florida workers’ compensation care management organization, has expanded its field case management services in Florida. “We have recently added three highly experienced and credentialed professionals as field case managers to meet the needs of our …

Midwest Comp Market: Proceed With Caution

The workers’ compensation segment in Midwestern states is not immune to the broad trends in the line nationally — including poor combined ratios, escalating medical costs and severe underreserving — but no heartland state has a crisis as acute as …

Perry: Reforms Are Paving Way for Modernization

To start off the new year, Insurance Journal asked Texas Governor Rick Perry to share his views on insurance reforms initiated by the Texas Legislature in 2003, and to comment on issues he believes need to be addressed in the …

N.Y. Charges Two with Arson Fraud

New York’s Superintendent of Insurance Gregory V. Serio announced the arrest of Joseph Dolcimascolo and his mother, Martha, on charges of insurance fraud in the third degree and grand larceny in the third degree. The pair are accused of filing …

Moody’s Affirms ING’s Debt Ratings

Moody’s Investors Service announced that it has affirmed the debt ratings of ING Groep N.V. (ING Group) and ING Verzekeringen N.V. (ING Insurance) at Aa3 for senior debt, A1 for subordinated debt, and Prime-1 for short-term debt. All ratings have …

S&P Report on New Zealand P/C, Life Insurers

Standard & Poor’s has issued a report on the life and P/C industries in New Zealand, which concludes that they face “contrasting futures.” S&P indicated that “While nonlife insurers will maintain credit quality strength, life insurers are going back to …

AIG, Identity Theft 911 Partner to Fight Identity Theft

Identity Theft 911, a provider of identity theft education, defense, and resolution services, and AIG Affinity Group Services, a division of AIG, are working together to help individual consumers, enterprise customers, and financial institutions to deal with the growing problem …

Norfolk Southern Updates Claims Release Language

Norfolk Southern Railway Co. on Friday issued the following statement from Robert Wells, its general manager of casualty claims, regarding the handling of claims associated with the Jan. 6 accident in Graniteville, South Carolina that killed nine people: “Shortly following …