Larry Lavin, of Milford, Iowa, doing business as Lavin & Associates, is, for the seventh time since 1998, the subject of actions being taken by the Iowa Insurance Division in reaction to his sales activities. His past reported activities in …
The state of Missouri has awarded Health Management Systems Inc. a contract to provide third-party liability services on behalf of both the Missouri Medicaid program and the state’s mental health care system. With the contract, HMS becomes the first vendor …
Houston-based Cooper Industries Ltd. announced that it has reassessed its year-end 2003 accrual for discontinued operations and, as a result, for the year ended Dec. 31, 2003, has recorded an after-tax discontinued operations charge of $126.0 million, or $1.34 per …
A.M. Best Co. has commented that the financial strength rating of A+ (Superior) of American Re-Insurance Company and its direct subsidiaries, collectively American Re Corporation Group (American Re) (Princeton, N.J.), are unaffected by the recent pre-tax charge of $368 million …
The U.K.’s Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA) announced that they have formed a Faculty of Claims to lead the market in the arena of claims handling and support. Under the chairmanship of CII …
A.M. Best Co. announced that it has downgraded the financial strength ratings to “B++ “(Very Good) from “A-” (Excellent) of Kingsway Financial Services, Inc.’s Canadian subsidiaries, Kingsway General Insurance Company and York Fire and Casualty Company, both of Ontario. It …
Insurance Commissioner George Dale announced that the Mississippi State Rating Bureau has upgraded the public fire protection facilities of the Southeast Pearl River Fire Protection District in Pearl River County. The fire prevention and protection facilities of the Southeast Pearl …
Georgia Insurance and Safety Fire Commissioner John Oxendine said that a fire that destroyed a church in Tattnall County last week was arson. The Zion Union Primitive Baptist Church was located at 7601 Hilton Hall Road, Reidsville. Oxendine said the …
Dallas-based GAINSCO INC. reported net income for the fourth quarter 2003 of approximately $1.5 million. After the accretion of the discount on the redeemable preferred stock of approximately $0.8 million and the accrual of dividends on the redeemable preferred stock …
The Louisiana Department of Insurance announced that a bail bond agent operating in the Greater New Orleans area and beyond signed a departmental “Consent to Voluntary Revocation” document, which revokes all producer licenses held by him. “This brings to a …