With workers’ compensation reform a hot button issue and Sacramento sending mixed signals that a successful compromise can be reached this year, a small group of California contractors have successfully racked up positive results for 2003. Insurers in California spent …
Tennessee-based Diversified Product Inspections Inc, a provider of independent product failure analysis, air contamination and fire investigations for the insurance industry announced its year-end financial information with a net income figure for 2003 of $641,599 compared to the loss of …
A Rhode Island man has been indicted on charges he allegedly worked as a used car broker while claiming to be injured and collecting $160,000 in total disability benefits, Attorney General Tom Reilly announced. Thomas Fratantuono, Sr., 54, of Foster, …
Louisiana Attorney General Charles Foti, Jr. announced the arrest of a Vernon Parish woman who reportedly manipulated her workers’ compensation program to fraudulently obtain nearly $60,000 in compensation benefits, medical and other expenses. Attorney General investigators arrested 27-year-old Georgianna Smith, …
Governor Robert L. Ehrlich, Jr. yesterday signed into law emergency legislation to provide housing relief for Maryland victims of Hurricane Isabel. The legislation establishes a new emergency housing program, Hurricane Isabel Rehabilitation and Renovation Program, providing loan assistance to Marylanders …
Germany’s Hannover Re Group joined Swiss Re and General Re in reporting a very successful 2003. The world’s fourth largest reinsurer posted net income of 354.8 million euros ($43I million) compared to 267.2 million euros ($324.6 million) in 2002, a …
Ten present day descendants of slaves, transported from Africa in the 18th and 19th centuries, have filed a lawsuit against R.J. Reynolds Tobacco Co., Fleet Boston Financial Corp. (as successor in interest to the Providence Bank of Rhode Island) and …
U.K.-based Watson Wyatt LLP announced that it has spun off its Boston-based insurance and financial services strategic consulting group with a management buy-out led by two senior managers. The company said the move came following a review of its insurance …
RGL – Forensic Accountants & Consultants, a forensic accounting firm, announced the opening of the firm’s newest offices in Boston and Las Vegas. Including these offices, RGL has opened seven new offices throughout the world – five in the U.S., …
Bermuda-based American Safety Insurance Holdings Ltd. reported net earnings of $3.3 million from its insurance and real estate operations for the fourth quarter ended Dec. 31, 2003, which were offset by the establishment of a $3.9 million valuation allowance related …