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

Oklahoma Workers’ Comp Proposals Revived

Several workers’ compensation reforms proposed in a pair of Oklahoma House of Represenatives bills that died in the Senate had new life breathed into them by amendments the House attached to Senate Bill 1531. According to the House Media Division …

Fla. Man Charged in Arson Case

An Escambia County, Florida man was arrested last week for a residential burglary and arson that occurred on May 25, 2002, at 700 West Johnson Avenue. New information developed by investigators lead to the arrest of the perpetrator. Terry Cook, …

TDI, State Agencies to Hold Business Opportunity Forum

The Texas Department of Insurance announced that it, along with other state agencies including the Secretary of State, State Board for Educator Certification, Texas Higher Education Coordinating Board and Texas Department of Housing & Community Affairs, will host in June …

American National Reports Q1 Numbers

Texas-based American National Insurance Company announced first quarter 2004 net income of $64,704,000 ($2.44 per share) compared to $40,121,000 ($1.51 per share) for the same period in 2003, a 61.3% increase. After tax net gain from operations for the first …

Infinity P/C Unveils Q1 Report

Alabama-based Infinity Property and Casualty Corporation, a national provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the first quarter of $16.9 million or $0.81 per share, on a fully diluted basis, compared …

N.Y., Other States Settle Deceptive Trade Practices Claims Against Medco Health Solutions

New York Attorney General Eliot Spitzer on Monday joined attorney generals from 19 other states in announcing the settlement of claims under state deceptive trade practices laws against Medco Health Solutions Inc. (Medco), for reported drug switching practices. Medco is …

Fitch Affirms Ratings for United Health

Fitch Ratings has affirmed the ratings of UnitedHealth Group Inc. (UnitedHealth) and its subsidiaries. The rating affirmation affects approximately $2.4 billion of outstanding long-term debt and commercial paper. The Rating Outlook is Stable. The rating action follows the company’s announcement …

AXA Sues Google to Stop ‘Adwords’

Google, the Internet search engine, has been hailed into a French court by insurance giant AXA over its sale of “adwords” – a feature that sells ad space based on search words. According to news reports from Reuters and the …

Dorel Unveils Q1 Update; Insurer Dispute Raises Costs

Canada-based Dorel Industries Inc. announced that due to a dispute with one of its insurance carriers over the aggregate amount of insurance available to the company, including one claim that came due this month, Dorel is recording a charge for …

Workplace Related Deaths See Dramatic Rise in Massachusetts

Union and safety leaders reported a dramatic surge in deaths due to workplace illnesses and injuries in Massachusetts last year. The number of deaths in 2003 reached 81, up from the 49 deaths in 2002 and the highest number of …