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

Medical Liability Reform Group Praising Senate Leaders for Their Efforts to Improve System

The Coalition for Affordable and Reliable Health Care (CARH), an organization of health care providers and others dedicated to medical liability reform, this week praised new efforts by U.S. Senate leaders to bring balance to the medical justice system and …

ISO’s A-PLUS Unit Unveils Service in Fight Against Terrorism

Insurance Services Office, Inc.’s (ISO) A-PLUS unit has unveiled a new service insurers can use to cross-check policyholders against a U.S. Department of the Treasury master watch list to ensure that customers are not conducting business with persons and entities …

National Flood Insurance Program Awards Covansys Corp. $26.5 Million Business Process Outsourcing Contract

Covansys Corporation, a global consulting and technology services company, announced its intent to enter into the federal market with news that the Federal Emergency Management Agency (FEMA), through the National Flood Insurance Program (NFIP), has awarded Covansys a contract to …

Ga. School Fire Ruled Arson

Georgia Insurance and Safety Fire Commissioner John Oxendine said a recent fire that destroyed the former Hahira High School was arson. High winds reportedly fanned the flames and made firefighting efforts especially difficult. The 70-year-old old school building on East …

United Automobile Insurance Group Child Passenger Safety Fitting Station Unveiled at Miami Children’s Hospital

Miami Children’s Hospital kicked off National Child Passenger Safety Week with the unveiling of the United Automobile Insurance Group Child Passenger Safety Fitting Station, the first permanent indoor fitting station in the United States. Miami Children’s Hospital Foundation, United Automobile …

Midland Nets $10 Million in Q4; Premiums Up 12.3%

Cincinnati-based insurer Midland Co. reported fourth-quarter net income of $10 million, or 56 cents per share, compared to $7.7 million, or 43 cents per share, in the fourth quarter of 2002. Revenue for the quarter increased 8.3 percent to $186 …

AFG’s Q4 Core Earnings Up 6%

Cincinnati-based insurer American Financial Group Inc. (AFG) reported net earnings for the 2003 fourth quarter of $196.6 million, or $2.68 per share. These results included a tax benefit of $136 million, or $1.90 per share, resulting from AFG’s previously announced …

Fla. Viatical Fraud Indictment Returned

Florida’s Chief Financial Officer Tom Gallagher and Gregory Miller, United States Attorney for the Northern District of Florida, announced the unsealing of a federal indictment against eight individuals in connection with their reported activities with LifeTime Capital, Inc., a viatical …

NABC Responds to CBS Body Shop Report

The National Auto Body Council responded last week to a report that aired on the CBS Evening News. Below is a letter from Charles Sulkala, executive director of the NABC. February 12, 2004 CBS News 524 West 57th Street New …

MetLife Auto & Home Offers Tips to Dry Up Problems

The numbers don’t lie: the American public is reportedly getting soaked when it comes to water damage, with 25 percent of homeowner-related insurance property losses involving claims related to water or freezing. These claims result in an estimated $6.8 billion …