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

Several Ala. Businesses Damaged in Fire

A Sunday night fire in Selma damaged two businesses and the Alabama Employment Office. All three were located in the 1000 block of Broad Street in downtown Selma. The fire originated in the Family Dollar Store. The Rent-A-Center and the …

Ala. Department of Insurance Unveils Updated Web Site

The Alabama Department of Insurance has launched an updated Web site. It remains at the same address, which is http://www.aldoi.gov/. The new site, designed by department webmaster Jelene Hardy, should reportedly provide more helpful information to consumers and industry representatives …

W. Va. Faces Many of the Nation’s Same Issues

While not the biggest state in the southeastern region, West Virginia like all other states has its insurance issues. Insurance Commissioner Jane Cline recently set aside some time to talk with Insurance Journal Southeast regarding some of the insurance issues …

Texas Man Pleads Guilty to Workers’ Comp Fraud

Texas Mutual Insurance Company reported that Roger Gilbreth pleaded guilty to workers’ compensation fraud-related charges. The 390th District Court sentenced Gilbreth to two years deferred probation and 120 hours of community service. The court also ordered Gilbreth to pay a …

Fitch Reports Better 2004 for U.S. CCRC’s; Nursing Homes Still Tough

Better credit profiles for continuing care retirement communities (CCRC) in the United States can reportedly be attributed to improvements in investment returns, solid demand for CCRC facilities as baby boom generation retires, and better management practices, according to a new …

Tropical Sportswear Notes Fire in Mexico City

Tropical Sportswear Int’l Corp. reported that a distribution center in Mexico City, Mexico was destroyed by fire over the weekend. The distribution center, which is not owned by the company, contained approximately $1.4 million of TSI’s finished goods inventory for …

ABD Insurance and Financial Services Responds Following Survey on Critical Concerns of CFOs

According to a recent survey by Robert Half Management Resources, the top two areas of vulnerability cited by CFOs are disaster recovery (37 percent) and security of information systems (24 percent). California-based ABD Insurance and Financial Services, in a continuing …

RMS Unveils New Climetrix Version

Risk Management Solutions (RMS), a provider of products and services for the management of natural hazard risk, announced that it has released version 4.0 of its Climetrix weather derivatives trading and risk management system. Climetrix is an Internet-based application that …

N.Y. Pizza Shop Owner Reportedly Takes Too Much of the Pie, Arrested on Fraud Charges

New York Superintendent Gregory Serio announced that the owner of Village Pizza & Burger, located at 156 North Main Street in Spring Valley, has been arrested and charged with insurance fraud, falsifying business records, and submitting fraudulent workers’ compensation documents. …

Iowa Insurance Division Prohibits Sale of Securities by Iowa Agent, Acts to Revoke License

Roy Evanovich, of Washington, Iowa, is the subject of actions being taken by the Iowa Insurance Division in reaction to his reported sales activities, representing transactions totaling at least $700,000. Late last month, Assistant Insurance Commissioner Rosanne Mead issued a …