Captiva Software Corp., a provider of input management solutions, announced that Metropolitan Health Group (MHG), a South African medical administration provider, has selected FormWare, Captiva’s forms processing solution, to capture and process the more than 2 million medical claim forms …
A bill aimed at protecting consumers that passed last session by the Michigan Senate is “fatally flawed” and has the potential to disrupt core business functions in the state by guarding the use of Social Security numbers (SSNs), according to …
New York Superintendent of Insurance Gregory Serio announced that an Auburn businessman pled guilty to a charge of attempted arson and was sentenced to one to three years in State prison. Francis Rikhoff reportedly attempted arson in order to collect …
A third agent has pleaded guilty to racketeering and conspiracy to commit racketeering for his reported role in a scheme to slide undisclosed coverages and hidden costs to hundreds of Florida auto insurance customers. Aquileo Hernandez, 42, entered the plea …
New Jersey has awarded the Minneapolis-based National Arbitration Forum (NAF) a three-year contract, beginning April 16, 2004, to administer arbitrations for No-Fault Insurance Personal Injury Protection (PIP) disputes under the state’s Automobile Insurance Cost Reduction Act of 1998. The NAF …
A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) to Taiwan’s Central Reinsurance Corporation with a stable outlook. “The rating reflects the company’s well-established local presence, liquid assets, consistently strong operating performance, as well …
A bill currently under consideration in the Wyoming Legislature that would limit insurers’ use of loss history information could have unintended consequences for the state’s homeowners, according to a leading national insurance trade association. “Loss history reports on individual dwellings …
Insurers are applying the brakes to workers’ compensation rate increases in Missouri, according to the state’s insurance department. After almost one-third of such insurers filed rate changes in January, overall rates increased an average of only 0.7 percent — compared …
Most people understand how to properly use automobile safety devices like seat belts, airbags and car seats, but statistics reportedly suggest the majority of drivers are clueless when it comes to the proper positioning of headrests. In fact, studies show …
A.M. Best Co. has assigned indicative ratings of “bbb” senior unsecured debt, “bbb-” subordinated debt and “bb+” preferred stock to Montpelier Re Holdings Ltd.’s (Montpelier) (Bermuda) recently filed $500 million universal shelf offering. A.M. Best has also affirmed the debt …