A new report, compiled by the International Maritime Board, found a 20 percent rise in the number of attacks by pirates in 2003. Violence involved in the incidents is on the rise as well. As reported by the BBC, the …
With the Alabama Insurance Guaranty Association (AIGA) facing unprecedented budgetary shortfalls, the state’s employers and injured workers could reportedly be left with unpaid claims in the event of insurer insolvencies unless the fund can increase assessments on insurers writing comp …
A former workers’ compensation claims adjuster and all eight of her alleged accomplices must now face felony grand theft charges after an investigation by the California Department of Insurance (CDI) Investigation Division revealed a $318,250 fraudulent check scheme. “Today’s developments …
On Jan. 29 and 30, 2004, the Texas Department of Insurance (TDI) will host a statewide insurance fraud conference at its headquarters in Austin, highlighting anti-fraud efforts. The department said an estimated 150 local, county, state, federal and industry investigators …
At a bimonthly meeting with the governor and other state Cabinet members, Florida Chief Financial Officer Tom Gallagher announced that the Department of Financial Services’ Bureau of Unclaimed Property is holding over $970 million in cash and property belonging to …
The high trend of insurance rates experienced by hospital professionals and physicians over the past three years show no sign of slowing in 2004 as claims costs are increasing at a steady rate of 9.7 percent according to the Hospital …
The St. Paul Cos. announced that the company expects fourth-quarter net income of 19 cents to 21 cents per share and operating earnings per share of zero cents to 2 cents. In the quarter, the company recorded a charge of …
Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported fourth-quarter 2003 net income of $357.8 million, or $1.63 per share, 135 percent higher than last year’s $152.2 million, or 69 cents per share, in the fourth quarter. Included in net income …
Copart Inc. announced that it has opened a new salvage facility in Helena, Montana. With the addition of this 22-acre location Copart now has 105 locations in the United States and Canada. “We added the Helena facility in response to …
The New York State Insurance Department’s Frauds Bureau 2003 Annual Report details some significant achievements made over the past year to combat insurance fraud. The Bureau racked up a record number of fraud arrests, put more fraud investigators in prosecutors’ …