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

AIA: Calif. Applicant Attorneys’ Deceptive Claims About Insurer ‘Profits’ Are Pure Spin

As the California legislature prepares to act on Governor Schwarzenegger’s proposed overhaul of the state’s expensive, dysfunctional workers’ compensation system, the special interest group with the most to reportedly lose from real reform – the California Applicant Attorneys Association (CAAA) …

Gilsbar to Provide Health Plan Administration for The Stockmen’s Bancorp

Gilsbar, Inc., a provider of third party administration services has been selected as health plan administrator for The Stockmen’s Bancorp in Kingman, Ariz. Gilsbar will provide medical and dental claims administration, HIPAA/COBRA administration, utilization review and case management services for …

President of N.Y. City Jewelry Company Ordered to Pay Civil Penalty, Serve Community Service in Attempted Scam

New Jersey Attorney General Peter Harvey announced that the president of a New York City-based jewelry company has been ordered to pay a civil insurance fraud fine and to perform community service for his reported role in concocting an insurance …

RTW Inc. Notes Eighth Consecutive Quarter of Profits

Minneapolis-based RTW, Inc., a provider of products and services to cost-effectively manage both insured and self-insured workers’ compensation programs, reported net income for the fourth quarter ended Dec. 31, 2003, of $2.7 million or $0.52 per basic and $0.49 per …

American Financial Group Releases Q4 and Full Year 2003 Results

Cincinnati-based American Financial Group, Inc. reported net earnings for the 2003 fourth quarter of $196.6 million ($2.68 per share). These results included a tax benefit of $136.0 million ($1.90 per share) resulting from AFG’s previously announced merger with its subsidiary, …

“One-System” Solution for Claims and Bill Review Launched by Valley Oak Systems

Valley Oak Systems, Inc., a national provider of claims management software, services and support, has launched iVOS Review Service and Software, a new bill review component that is now integrated into their flagship product, iVOS, a browser-based claims administration system. …

American Re Forms Relationship Between Affiliate and Best Doctors Inc.

American Re-Insurance Company announced that its affiliate, AM-RE Services, Inc., entered into an exclusive agreement with Best Doctors(R), Inc. to improve medical outcomes and help American Re’s clients reduce overall workers’ compensation claims costs by providing experts to consult on …

Two Fla. Residents Face Workers’ Comp Fraud Charges

Two Florida men are facing workers’ compensation fraud charges after insurance fraud investigators with the Department of Financial Services conducted investigations of numerous construction sites in and around Okeechobee on Monday. Investigators with the Division of Insurance Fraud, Bureau of …

Cutter & Buck Reacts to Ruling of Trial Court in Case Against Insurer

Cutter & Buck Inc. has responded to the court’s issuance of an order rejecting the company’s claims against Genesis Insurance Company. Cutter & Buck had reportedly sought reinstatement of its directors’ and officers’ liability insurance policy, which the company claimed …

21st Century Insurance Group Notes Strong 2003 Results

California-based 21st Century Insurance Group reported a 24.5 percent increase in net income to $18.4 million, or $0.22 per share, in the fourth quarter of 2003 compared to the same period in 2002. For the year ended Dec. 31, 2003, …